Indonesian Political, Business & Finance News

Archive: 2 October 2007

12 articles found

Massive Bridge to Connect Java, Sumatra

Sunda strait bridge construction follow experts` theories: Lampung governorBandarlampung (ANTARA News) - Lampung Governor Sjachroedin ZP said the plan to build the Sunda Strait Bridge linking Java and Sumatra islands, including its passableness by big ships, had already been calculated...

Franchisees wants more govt help

The owners of businesses operated under franchises say they are grateful for the recent publication of the much anticipated new Franchise Regulation, but say that it is not enough to support optimal growth in the industry.

Pertamina expects lower margins to hit net profit

State-owned oil and gas firm PT Pertamina expects its net profit to drop by 18 percent to Rp 17 trillion (US$1.8 billion) next year on the back of the lower margin it will receive from the distribution of state subsidized fuels.

PLN to put Sumatra and Java power transmission projects out to tender

State power utility PT Perusahaan Listrik Negara (PLN) plans to invite bids early next year for the development of the Sumatra and Java power transmission networks, a company executive says.Herman Darnel Ibrahim, PLN transmission and distribution director, said over the weekend that the company was...

Jakarta to foster investment cooperation with New South Wales

Jakarta (ANTARA News) - The Jakarta administration was expected to foster investment and trade cooperation with Australia`s state of New South Wales in the framework of sister city cooperation, Jakarta Deputy Vice Governor Fauzi Bowo said here Monday.

Govt. to Review PSCs, Threatens to Terminate Some

The government will extend the term of some of the 15 production sharing contracts facing expiry after 10 years if they do not submit a development plan by the end of 2007, Oil and Gas Director General at the Energy and Mines Ministry, Luluk Sumiarso, said Wednesday (26/9/07).

Oil Stake for Domestic Companies Mooted

Indonesia may require oil and gas explorers to set aside 10% of new developments to domestic companies in addition to the 10% given to provincial governments.The government is considering applying the ruling to new contracts as well as extensions to existing projects, Bloomberg quoted Kardaya...

Dutch Company Looks at Seedlings Industry

A Dutch multinational company is seeking an opportunity to invest in Indonesia’s horticultural seedling industry, an Agriculture Department official said on Monday (24/9/07).The company wants to invest in an industry producing vegetable and fruit seedlings, Director General of Horticulture Achmad...

Massive Bridge to Connect Java, Sumatra

The provincial governments of Banten and Lampung are expected to sign an agreement with PT Artha Graha Network soon on the construction of a Rp94 trillion bridge over the Sunda Strait separating Java and Sumatra.

Holcim Considering Building New Factory

Swiss cement maker Holcim is looking into building a new factory in Indonesia, but has yet to make a decision, a spokesman for the group said on Monday (24/9/07)."It is correct that Holcim is looking into building a new factory.

S&P Affirms Ratings

Standard & Poor's Ratings Services affirmed its ratings on the Republic of Indonesia with a stable outlook on Tuesday (25/9/07), saying the ratings are underpinned by continued improvements in the nation's debt and external liquidity positions.

Vice President Calls for Firing of Bali Immigration Officer

sometimes our leader just saw the problem inside the country, its crazy, there is most important things that we must look after, that is INDONESIAN WORKER ABROAD (tki), they bring other country money to our country but they didn't get any protection from our government.