Indonesian Political, Business & Finance News

Archive: 30 October 2007

12 articles found

New mining bill fails to tempt: Industry group

The Indonesian Mining Association (IMA) wants incentives for mining firms that under a new mining bill will be required to set up integrated, downstream-to-upstream business operations.Under the mining bill, whose deliberation at the House of Representatives is nearing completion, new mining...

WiFi and phone lines for the masses

Modern telecommunications thanks to fiber-optic networks would see some 40,000 villages nationally enjoy telephone and Internet connections, but only if the government's tender is answered.Information and communication minister Muhammad Nuh said Monday the government would open for tender the...

Future for Creative Industries: Minister

Indonesia wants to more than double the creative industries’ contribution to the national economy in the next few years through aggressive development of the country’s rich, but largely untapped, artistic traditions and cultural heritage.

Govt. to Scrap Electronics Luxury Sales Tax

The government has decided to abolish the luxury sales tax on 11 electronic products next month, an official said.The decision came after a tariff team of the Finance Department and the Industry Department reached an agreement on tariff synchronization, Transport Equipment Industry Director General...

AGU to Build More Palm Oil Factories

PT Antang Ganda Utama (AGU) PIR Butong plans to build more processing factories to produce crude palm oil and palm kernel oil in its plantation area in North Barito regency, Central Kalimantan province, Antara reported on Monday (22/10/07).

‘New Era’ for Exports - Minister

The country is set to enter the "next stage" of its export recovery, 10 years after the 1997 Asian financial crisis, Trade Minister Mari Pangestu said.In an interview with Agence France-Presse last week as a major trade fair was launched aiming to lure cashed-up buyers from abroad, Pangestu said...

Commodity Exports to be Boosted - Report

Indonesia will boost exports of plantation and mining commodities to ensure stable economic growth should soaring crude oil prices prompt a global economic slowdown, according to a report in Bisnis Indonesia Thursday (25/10/07).

Krakatau Steel seeking strategic alliance

Jakarta (ANTARA News) - State-owned steel company PT Krakatau Steel is considering a strategic alliance with a number of world steel companies to improve its performance particularly in supplying iron ore.

ADB to provide loan for building highway from Penang to Medan

Medan (ANTARA News) - The Asian Development Bank (ADB) is planning to provide a loan for the construction of infrastructure including a highway from Penang in Malaysia and Songkla in Thailand to Medan in Indonesia to improve the growth triangle cooperation.

KADIN calls for speedy improvement of sea-port facilities

Nanning, China (ANTARA News) - The Indonesian Chamber of Commerce and Industry (KADIN) has urged the government to soon improve facilities at Indonesian seaports as they were no longer adequate, thus often causing delays in the delivery of Indonesian exports.

Minister invites Chinese bizmen to invest in Indonesia

Nanning, China (ANTARA News) - Transportation Minister Jusman Syafii Djamal here on Monday invited Chinese businessmen to invest in Indonesia."I invite you (Chinese businessmen) to invest in Indonesia. There are still many investment opportunities and natural resources that can be developed in...

RI exports to Europe increasing by 10-12 pct

Jakarta (ANTARA News) - Indonesia`s exports to Europe had been predicted to remain increasing by 10-12 percent, despite the strengthening of the europ exchange rate against the US dollar."Yes, it has really enhanced the competitiveness of Indonesia`s exports to the European market," Minister of...