Indonesian Political, Business & Finance News

Archive: 3 October 2007

4 articles found

Qatar-based telco sees high growth prospects in Indonesia

Qatar Telecom, or Qtel as it is familiarly known, one of the Gulf region's largest telecommunications operators, sees Indonesia as being among three potentially high growth markets in Asia-Pacific for its telecommunications services. "As the world's fourth most populous nation, Indonesia is an important market for Qtel," the firm's chief executive officer Nasser Marafih said in a statement made available Monday.

Office space migrating south, far from the madding crowd

There's a new trend taking place in Jakarta: more office space is being constructed outside the CBD than ever before. The size of the Jakarta office market continues to grow. According to Procon data, the available office space grew 4.2 percent in the second quarter of this year to some 5.4 million square meters. Office space in Jakarta is usually categorized into two areas: the Central Business District (CBD) and elsewhere.

Palm oil tax hurts export performance

The latest figures from the Central Statistics Agency (BPS) show that the government's attempts to control cooking oil prices by hiking the export duty on crude palm oil may finally be bearing fruit, albeit at the expense of the country's exports. The hike in CPO export duty from US$558 per metric ton to $622 on July 9 was not immediately felt that month as total exports still managed to reach $833 million, up from $798.4 million in June.

Bali to host fashion week in November

DENPASAR (Antara): Bali will host Fashion Week 2007 in Kuta next November, a spokesperson for the event's organizers said Tuesday. This year's event will focus on local participants without neglecting foreign buyers, chairwoman of the event's organizing committee Mardiana Ika said after a meeting with Badung district chief AA Gde Agung. Mardiana said Bali Fashion Week would help promote the island and the country internationally because the event would be attended by foreign designers.