Archive: 14 February 2007
29 articles found
Wed, 14 Feb 2007
RI has funds to spur growth, says World Bank
As a result of prudent macroeconomic policies, the Indonesian government now has sufficient resources to finance the country's infrastructure development and reduce poverty, according to a World Bank report.
Wed, 14 Feb 2007
Flood-loss estimate almost doubled to Rp 8 trillion
The losses caused by the massive flooding in Greater Jakarta last week may reach up to Rp 8 trillion (US$879 million), almost double the earlier estimate of about Rp 4.3 trillion, a senior official at the National Development Planning Agency (Bappenas) says.
Wed, 14 Feb 2007
Official assures foreign retailers new regulation will not restrict operations
The presidential regulation on the modern retail market scheduled to be issued in March will not restrict the operation of foreign retail chains, which have been criticized by some for the massive inroads they are making into the Indonesian market.
Wed, 14 Feb 2007
Government to Distribute 20,000 Units of Software
TEMPO Interactive, Jakarta: The Research and Technology Ministry will distribute 20,000 compact discs of Indonesia’s software Go Open Source (IGOS) 2006.This software will be distributed to all governmental institutions; universities, open sources communities and Islamic boarding schools...
Wed, 14 Feb 2007
Indonesia's BSP to build four more CPO processing plants
Jakarta (ANTARA News/Asia Pulse) - Publicly listed plantation company PT Bakrie Sumatera Plantations (BSP) (JSX:UNSP) said it plans to build four more crude palm oil processing plants in Sumatra at a total estimated cost of US$22 million, BSP Development Director M. Iqbal Zainuddin said.
Wed, 14 Feb 2007
Singaporean firm to acquire over 25 % of Trimegah shares
Jakarta (ANTARA News) - Singaporean investment company Excel Holdings Private Limited which is fully owned by Oversea-Chinese Bank Corporation Ltd (OCBC Bank) will acquire more than 25 percent of the paid-up shares of PT Trimegah Securities (TRIM) from some of the latter`s stakeholdders, an Excel...
Wed, 14 Feb 2007
RI`s palm oil badly needs certification for export purposes
Medan, North Sumatra (ANTARA News) - Indonesia`s palm oil badly needed certification for export following allegations from non-governmental organizations and many other quarters in Europe that the use of the product was not friendly to the environment, a businessman has said.
Wed, 14 Feb 2007
Gayo dedicates revitalized coffee industry in Gayo highlands
Jakarta (ANTARA News) - Dignitaries gathered in the Gayo highlands outside Takengon on February 10 to celebrate the dedication of a coffee plantation project that will revitalize the premium coffee industry of Central Aceh, Nanggroe Aceh Darussalam province, a statement said.
Wed, 14 Feb 2007
Aceh needs investments to develop economy: councilor
Banda Aceh (ANTARA News) - Nanggroe Aceh Darussalam province is now in need of investments to develop its economy and to create prosperity for the local people, Chairman of the Aceh provincial legislative council (DPRD) Sayed Fuad Zakaria said here Tuesday.
Wed, 14 Feb 2007
Garuda, 3 Other Airlines to Get New Aircraft
note the lufthansa logo ...anyway, i really hope they clean it up a bit before sending it to indonesia.
Wed, 14 Feb 2007
Garuda, 3 Other Airlines to Get New Aircraft
When I read this i thought the A320 was the big new bird from airbus and decided to check it via google .. the first thing that came up was this pictureThats not a good sign!
Wed, 14 Feb 2007
World Bank urges Indonesia to spend 'windfall' on reducing poverty
Jakarta (ANTARA News) - Indonesia now has enough money to pay for its development programs as prudent macroeconomic policies have resulted in a 15 bln usd windfall to spend on reducing poverty, the World Bank said.
Wed, 14 Feb 2007
Flood-stricken exporters want government help to avoid buyers' penalties
Export companies affected by the recent floods in Jakarta have asked the government for its help in shunning penalties foreign buyers are attempting to impose over export delays.They have also asked for support in convincing buyers not to shift their orders to other countries.
Wed, 14 Feb 2007
Govt. to Build 1,000 Low-Cost Apartment Towers
sounds like a great idea ... I hope it works
Wed, 14 Feb 2007
Decentralization Alters Indonesian Fiscal Foundations
TEMPO Interactive, Jakarta: The World Bank has said it considers that decentralization has changed Indonesia’s fiscal foundations.According to Wolfgang Fengler, a senior economist at the World Bank, public fund transfers in 1996 from the central to regional governments increased significantly to...
Wed, 14 Feb 2007
Govt. Considers Taxing Iron Ore Exports
The government is considering imposing taxes on iron ore exports to help stimulate the domestic steel industry, Bisnis Indonesia reported, citing an Industry Ministry official.“We're still studying the tax level to be imposed on iron ore exports.
Wed, 14 Feb 2007
Govt. to Hold Tender for Home Solar-Power Units
The government, pressing ahead with its program to electrify underdeveloped regions across the nation, will next month hold a tender for the procurement of 30,000 home solar-power units, The Jakarta Post reported on Tuesday (6/2/07).J.
Wed, 14 Feb 2007
Jakarta Lets Regions Issue Rupiah Debt
Quote: The central government is aiming to raise Rp40.61 trillion ($4.48 billion) in net bond issues this year after Rp35.9 trillion last year. Net bond issues are gross issues minus certain factors such as maturing debt and bond buybacks.Translation: The government is adding new debt of 4.48B USD.
Wed, 14 Feb 2007
RNI, Russian Investor to Modernize Power Plant
State-owned sugar producer PT Rajawali Nusantara Indonesia (RNI) will team up with Russian partner JC Prom Sviaz Automatika to modernize its bagasse-fuelled power plant in Indramayu, West Java, Asia Pulse reported on Monday (5/2/07).
Wed, 14 Feb 2007
Chinese Contractors to Dominate Projects
Chinese contractors are set to strengthen their domination of electric generating projects owned by state-owned electricity company PLN, Asia Pulse reported on Wednesday (7/2/07).After winning most of the coal-fired power generating projects with capacity of 300 and 600 MW in Java they are...
Wed, 14 Feb 2007
Banks Lend $11.44b in 2006
Banks disbursed Rp102.8 trillion ($11.44 billion) in new credits in 2006, bringing the total outstanding credit to Rp832.9 trillion, against Rp695.65 trillion in 2005, Antara reported on Wednesday (7/2/07).The credit expansion was below the target set for that year, although it rose 14.
Wed, 14 Feb 2007
Excelcomindo to Spend $700m This Year
Publicly listed cellular phone operator, PT Excelcomindo Pratama, said it will spend $700 million in capital expenditure this year, up from last year’s $500 million.Part of the funds will be used to build more base transceiver stations (BTS).
Wed, 14 Feb 2007
Garuda, 3 Other Airlines to Get New Aircraft
Indonesian flag-carrier, Garuda Indonesia, and privately owned airlines Lion Air, Mandala Airlines and Batavia Air will bring in new aircraft to strengthen their respective fleets.Director General for Air Transport M Iksan Tatang said Garuda will bring in a 737-800, Lion Air and Mandala Airlines a...
Wed, 14 Feb 2007
Govt. to Build 1,000 Low-Cost Apartment Towers
The government is set to speed up development of 1,000 low-cost apartment towers in 10 large cities across the country, Antara reported on Thursday (8/2/07).The project is to cope with acute housing problems in urban areas in the country, President Susilo Bambang Yudhoyono said.
Wed, 14 Feb 2007
Japan Invited to Build 10 Manufacturing Centers
Indonesia has invited Japan to construct 10 Manufacturing Industry Development Centers (MIDEC) within the framework of the Indonesia-Japan Economic Partnership Agreement (IJEPA)."We have asked Japan to develop MIDECs in Indonesia to compensate for an unbalanced partnership, considering that Japan...
Wed, 14 Feb 2007
Swiss to Increase Investment
Switzerland will increase its investments in Indonesia this year from $3 billion last year, visiting Swiss President Micheline Calmy-Rey said Thursday (8/2/07).The Swiss leader, who arrived in Jakarta on Wednesday (7/2/07) evening for a three-day visit, made the statement during a joint press...
Wed, 14 Feb 2007
Taxation, Investment Bills to be Passed Soon
The government and the House of Representatives have agreed to speed up their debate on the taxation and investment bills."I am convinced the two bills will be passed into law this year," House Speaker Agung Laksono said after a meeting with President Susilo Bambang Yudhoyono on Wednesday (7/2/07),...
Wed, 14 Feb 2007
Jakarta Lets Regions Issue Rupiah Debt
Indonesia has issued new rules allowing its regional governments to issue bonds but the debt has to be denominated in rupiah and sold in the domestic markets, Reuters reported on Monday (5/2/07)."Regional government bonds are regional debt that are offered to the public through a public offering in...
Wed, 14 Feb 2007
Rupiah to Rise 7% - HSBC
The rupiah will climb 7% by year-end as the central bank's reduction of interest rates to 9.25% attracts global equity funds, said HSBC Holdings Plc.Stock buying by overseas investors will outweigh sales by bondholders as lower yields reduce the appeal of fixed-income assets, said Richard Yetsenga,...