Indonesian Political, Business & Finance News

Archive: 3 January 2007

4 articles found

Minimarkets forcing us out, say angry shopkeepers

Though impinging on a traditional way of life in Indonesia, Warung owners are racist (they overcharge bule) and don't, generally, sell cold beer. I don't agree with the overkill on the part of circle K et al either though.

Minimarkets forcing us out, say angry shopkeepers

The growing number of minimarkets and convenience stores in Jakarta is forcing many small-scale traders out of business. "I lost most of my customers when a minimarket opened up right in front of this market (Bintang Mas market in Kemanggisan, West Jakarta) a few months ago," Lilis, a shopkeeper, said Wednesday.

Itochu eyeing railway track project in Central Kalimantan

Jakarta (ANTARA News/Asia Pulse) - The government has received a letter from Japan's Itochu indicating interest in building a railway track in Central Kalimantan, Transport Minister Hatta Rajasa said. Hatta told the newspaper Investor Daily, however, the government has to pass a law on railway before a decision can be made on the project. Under the present law no private investor is allowed to handle railway projects without cooperating with state-owned railway company PT Kereta Api Indonesia.

Bakrie Given Time Until July 2007

TEMPO Interactive, Jakarta: The government has given Bakrie Brothers until July 2007 to solve the matters of gas supply and off takers (buyers of gas). Bakrie was the winner of a special rights tender on East Kalimantan-Central Java pipeline. Head of Upstream Gas and Oil Supervisory Agency (BPH Migas) Tubagus Haryono said that, in line with the contract, Bakrie has a year since it’s being appointed as the tender winner in July last year.