Indonesian Political, Business & Finance News

Archive: 16 November 2007

16 articles found

Bali hosts two-day conference on palm oil sustainability

The International Conference on Oil Palm and the Environment (ICOPE) kicked off Thursday at Nusa Dua, Bali, aimed at highlighting environmental sustainability in the palm oil industry.The two-day event is being sponsored by the PT Sinar Mas Agro Resources and Technology (SMART) research institute,...

Bakrieland posts Rp 89b net profit

Publicly listed property developer PT Bakrieland Development (Bakrieland) is confident about achieving strong full-year profits after posting a 168 percent rise in net profit in the first nine months compared with a year earlier.President director Hiramsyah S.

Economy resilient amid global slowdown

The economy will remain resilient next year despite tough challenges ahead stemming from a predicted slowdown in the global economy as a result of high oil prices and the U.S. subprime mortgage crisis, a World Bank report says."We are projecting 6.

RI's export share rises: Report

Indonesia improved its share of world trade last year thanks largely to a surge in the prices of the country's main commodities, according to the latest report from the World Trade Organization (WTO).The country's share of total global exports increased to 0.9 percent from 0.

Indonesia's economy expands 6.5 percent in 3rd quarter, fastest since Asian crisis

JAKARTA (AP): Indonesia's economy expanded a faster-than-expected 6.5 percent in the third quarter from a year ago, the government said Thursday, its strongest quarter of growth since the Asian financial crisis 10 years ago.

Indonesia central bank says weak rupiah temporary

Jakarta (ANTARA News) - Indonesia's central bank sees the weakening of the rupiah currency as temporary and caused by external factors as the country's economic indicators are positive, a Bank Indonesia deputy governor said on Friday.

Dwindling Indonesia palm oil stocks may lift prices

Kuala Lumpur (ANTARA News) - Palm oil reserves in Indonesia, the world's top producer, are at their lowest in years on surging overseas sales, raising concerns prices will rise further, a senior government official said on Thursday.

Taiwanese firms on the hunt for local partners

Twelve information and communications technology (ICT) firms from Taiwan are looking for local agents to sell and distribute their products in Indonesia."We have met a number of potential distributors that hopefully will team up with us, besides the one we already have," FSP Technology's sales...

The President should directly lead bureaucratic reform

JAKARTA (JP): Gorontalo's bureaucratic and administrative staff receive up to 400 percent of their basic salary in incentives -- as long asthey meet or surpass performance targets, Governor Fadel Muhammad said.

Singapore Property Dominated by Indonesians

TEMPO Interactive, Jakarta: Investors from Indonesia are still dominating property ownership in Singapore where Indonesians own around 22 percent of foreign property.Based on data from the Singapore' Urban Redevelopment Authority (URA) and Savills Research Consultancy, during the first semester of...

By Early 2009 All Regions Connected to Internet

TEMPO Interactive, Kuta: Information and Communication Minister M. Nuh has promised that Internet access will be ready to be enjoyed by all the general public by the first quarter of 2009 at the latest so that education can be accessed regardless of limitations.

Indonesian corruption body overwhelmed with cases

Jakarta (ANTARA News) - Indonesia's Corruption Eradication Commission (KPK) has received tens of thousands of reports of suspected corruption since 2003 but has resolved just a tiny fraction of them, an official said Wednesday.

Greenpeace blocks CPO tanker in Dumai waters

Pekanbaru (ANTARA News) - Greenpeace activists on Thursday afternoon blocked the path of a tanker loaded with crude palm oil (CPO) in the Dumai waters, Riau, on its way to an export destination.The tanker, MT Westama, loaded with 30,000 tons of CPO, was leaving Dumai port when it was intercepted by...

Indonesian economy seen up 6.4 pct in 2008 on higher investment - World Bank

Jakarta (ANTARA News) - The Indonesian economy is expected to grow by 6.4 percent in 2008 from an estimated 6.3 percent this year, supported by higher investment and vibrant domestic demand, the World Bank said Thursday.

President asks agriculture minister to diversify food

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has urged Agriculture Minister Anton Apriyantono and governors to diversify food."The diversification is aimed at reducing Indonesia`s dependence on rice as a source of carbohydrate," the president said when awarding letters of appreciation...

RI no longer net oil importer in 2008 : expert

Jakarta (ANTARA News) - Economic Coordinating Ministry senior adviser M Ikhsan predicted that Indonesia would no longer be a net oil importer in 2008 because of increased oil production capacity and economization of domestic fuel oil.