well, according to official figures, inflation for Jan-Dec 2006 was 6.6%."crap", you say? perhaps that's why the World Bank has it's own way of looking at indonesia's economy.just read what the moron from the BPS was rabbitting on about. then ask yourself, can i trust their statistics?

Kuku, any idea what the inflation rate for last year (not sure if I even trust the official number)? It will be interesting to see what the COLA for gov't workers will be.

While welcoming President Susilo Bambang Yudhoyono's speech on Wednesday, which emphasized the need to intensify efforts to boost investment, economists say that now is the time for "less talk and more action.

Frontline Technologies Corporation Ltd., a Singapore-based IT services provider, has agreed to purchase a 49 percent stake in PT E Metrodata Com (EMC) -- a subsidiary of publicly listed IT company PT Metrodata Electronics.The deal is worth US$1.9 million.

State-owned agroindustry firm PT Rajawali Nusantara Indonesia (RNI) is planning to develop three bioenergy plants worth US$58 million to produce bioethanol and electricity by 2009.RNI's director for business development, Son Ramadir, said Wednesday that one of the plants would be constructed at the...

Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said it will use a new inflation rating system starting in July 2008 based upon a cost of living survey to be carried out this year."This year, we will conduct the cost of living survey to find a new package of commodities or a new...

State oil firm PT Pertamina has embarked on an internal reform program under new leadership and has reaped billions of dollars in investments to double its oil and gas output.Speaking to the media on Thursday (25/1/07), Pertamina president Ari H Soemarno said he had launched the internal...

The country’s domestic vehicle sales are likely to rise 25% this year, marking a recovery in the sector hit by high interest rates and weak purchasing power, a trade body said on Thursday (25/1/07).High fuel prices and interest rates sent vehicle sales down 40% last year to 318,883 units after a...

Hutchison Telecommunications International, which has operations from Hong Kong to Ghana, says it is on track to start offering mobile telephone services in Indonesia this quarter.The company also clarified its commitment to its Indonesian mobile business with planned capital expenditure of $750...

Major retailers expect sales growth of about 17% this year, slightly lower than the 20% recorded in 2006."We have calculated all the figures gathered from our members and have come up with a sales growth target of 17% from about Rp50.8 trillion ($5.

Saudi Arabian conglomerate the Savola Group plans to invest $2 billion in a number of business areas in Indonesia.The group will team up with local partners to do business in the food and beverage industry, retail business, agribusiness and property sector, an executive of the Indonesian Chamber of...

Five companies have expressed interest in taking part in a $1.517-billion broadband fiber optic mega-project tender, an official said Tuesday (23/1/07)."The five companies have already met requirements for participation in the tender on the Palapa Ring mega-project," Yusuf Iskandar, Director...

TEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono has promised to start the Agrarian Reform Program or distribution of land for the people starting this year.“This is what I call as the principle of “Land for People’s Justice and Welfare,” said the President in his state of the...

TEMPO Interactive, Jakarta: Cisco Systems, a telecommunication network provider operator, dominates around 70 percent of the Indonesian market.To expand the scope of its income, Cisco has carried out expansion by now providing product services to end-users.

TEMPO Interactive, Jakarta: The Indonesian Vegetable Oil Industry Association (GIMNI) has proposed that the crude palm oil (CPO) export levy be seven percent rather than 1.5 percent.The proposal has taken into account the capabilities of downstream industries and palm oil farmers.

TEMPO Interactive, Jakarta: The House Budget Commission has said it considers that the shares ownership domination by Singapore Technologies Telemedia Pte. Ltd (STT) is too large.Telecom’s involvement in PT Indonesian Satellite Corporation Tbk.