Archive: 7 February 2007
23 articles found
Wed, 07 Feb 2007
Global Bill to Launch, Fitch and Moody’s Raise Rating
certainly the statistics are trending upwards across the board for the indonesian economy. of course, extrapolating future prospects for the economy from these figures is always problematic for a country like indonesia, where political stablity is tenuous and "natural" disasters endemic.
Wed, 07 Feb 2007
Indonesia's largest biodiesel plant to come on stream in May
Jakarta (ANTARA News/Asia Pulse) - PT Bukit Kapur Reksa, a subsidiary of Wilmar Energy, is building the country's largest biodiesel factory in the Pelintung Industrial Estate in Dumai, in Riau.The factory will need one million tons of crude palm oil (CPO) as raw material, an official of the Riau...
Wed, 07 Feb 2007
Floods may increase prices, dampen hopes of rate cut
The recent flooding in the capital and surrounding areas is taking a toll on the economy, arousing negative sentiment on the country's financial markets and likely to cause a spike in this month's inflation.
Wed, 07 Feb 2007
Global Bill to Launch, Fitch and Moody’s Raise Rating
Those stats look good (gdp growth, single digit inflation rate, rise in export), however, the bondrating of BB medium--high risk rating? anyone knows who buy these bonds? mostly foreigners, Japanese, Singaporean? Auction on these bonds or tightly distributed (only offered to select people--the...
Wed, 07 Feb 2007
Foreign Funds to Drive Coal Growth
The coal sector needs foreign investment to expand its operations and a boost could come if new licensing regulations and other measures are approved, according to the head of the country's coal association.
Wed, 07 Feb 2007
President Urges Banks to Cut Lending Rates
Banks should lower their lending rates in line with the reduction of the benchmark interest rate by the central bank to boost investment, President Susilo Bambang Yudhoyono said.“Investors and the business community consider that the interest rates in our country are still too high,” Dr.
Wed, 07 Feb 2007
RNI to Build Ethanol Factories
State-owned trading firm, PT Rajawali Nusantara Indonesia (RNI), said on Wednesday it is planning to build two ethanol factories with a total capacity of 200,000 liters a day to tap growing demand.The company will build one ethanol factory in Cirebon, Central Java and another in Malang, East Java,...
Wed, 07 Feb 2007
Telkom to Invest Rp27.81t in 2007
State telecommunications company PT Telkom said Tuesday (30/1/07) it plans to invest Rp27.81 trillion ($3.1 billion) this year to develop its telecommunication businesses and services.The company said in a statement that 2007 capital expenditure is 34% larger than last year's Rp20.
Wed, 07 Feb 2007
Company to Fund Smallholders' Forests
The government is forming a Forest Development Financing Company (BUPPH) that would finance the development of 5.4 million hectares of smallholders’ forests, using Rp9.7 trillion from the Reforestation Fund.
Wed, 07 Feb 2007
Telekom Malaysia Plans More Investments
Telekom Malaysia Bhd (TM) is planning more investments in Indonesia and India this year, The Daily Star reported on Monday (29/1/07).As part of its new international investment plan, TM has adopted a two-pronged strategy to study new commercial opportunities in Asia and strengthen positions in...
Wed, 07 Feb 2007
Chinese Investor Looks at Batam-Bintan Bridge
A Chinese investor has shown interest in financing the planned construction of a bridge connecting Batam and Bintan islands, at an estimated cost of Rp3 trillion ($315.78 million).Riau Islands Governor Ismeth Abdullah told The Jakarta Post that China Railways Corp had visited the provincial...
Wed, 07 Feb 2007
Honda May Boost Investment
Japan's No. 2 carmaker, Honda Motor Co, may boost investment in Indonesia. The world's second biggest carmaker by market value after Toyota Motor Corp, has so far invested $70 million in its Indonesian unit, but may spend more given the country's huge market potential, a senior executive for its...
Wed, 07 Feb 2007
Govt. Debt Down at 42% of GDP
The government reduced its debt to 42% of gross domestic product in 2006 from 48% in 2005, President Susilo Bambang Yudhoyono said in a speech Wednesday (31/1/07)."We will continue to reduce the level to 35% this year," Dr. Yudhoyono said, according Dow Jones Newswires.
Wed, 07 Feb 2007
Economy Grew 6.5% in Q4 2006
Indonesia's economy expanded 6.5% in the fourth quarter of 2006 from a year earlier on rising consumer spending, Bank Indonesia (BI) said Tuesday (30/1/07), according to Bloomberg News.It was the fastest growth since December 2004, the central bank said in a report published on its website.
Wed, 07 Feb 2007
Global Bill to Launch, Fitch and Moody’s Raise Rating
Indonesia began marketing an international bond on Friday (2/2/07), while Fitch and Moody’s ratings agencies revised its outlook for the country's foreign and local-currency rating to positive from stable.
Wed, 07 Feb 2007
Call to Arms on Corruption
President Susilo Bambang Yudhoyono on Wednesday (31/1/07) called on Indonesians to join the fight against rampant corruption."I call on all the people of Indonesia not to be dizzied and not to be pessimistic about efforts to eradicate corruption," Dr. Yudhoyono said in his annual New Year speech.
Wed, 07 Feb 2007
Indonesia insurance claims from floods may top rp500 bln
Jakarta (ANTARA News) - Insurance claims for losses from floods that inundated Jakarta and nearly towns over the past four days could reach over 500 bln rupiah, an industry official said."Judging from the size of the area that was inundated by the flood, I estimate that the total insurance claim...
Wed, 07 Feb 2007
PLN suffering rp17 b loss per day due to Jakarta floods
Jakarta (ANTARA News) - State electricity firm PT PLN has been suffering a loss of Rp17 billion a day due to a temporary cut in power supply to around 1 million subscribers in flood-affected areas in Jakarta and environs since last Friday.
Wed, 07 Feb 2007
Who stopped the tech revolution in Indonesia?
Look around you. Words, pictures and sounds vying for your attention as you go to work every day. Many more when you get back home. While you may subconsciously witness a thousand messages in Metro Indonesia today, rural Indonesians maybe see a hundred.
Wed, 07 Feb 2007
Govt lifts VAT from primary products
In order to boost the farm sector, the government has lifted value-added tax (VAT) on a variety of goods and commodities, including agricultural machinery and primary agricultural products.Under a new government regulation, there are six categories of goods that will be exempted from VAT.
Wed, 07 Feb 2007
Auto dealers to provide special deals for flood-damaged cars
To assist customers whose cars have been damaged by the worst Jakarta floods in living memory, carmakers and dealers are preparing special "repair packages", and will also extend workshop hours."Based on our experiences in 2002, we are now preparing service packages for the repair of flood-damaged...
Wed, 07 Feb 2007
Massive biofuel program to go ahead despite int'l concerns
International criticism of Indonesia's massive biofuel development program will not affect the project, which is expected to turn the country into one of the biggest biofuel producers in the world, says an official.
Wed, 07 Feb 2007
Tax Intensification to be Started
TEMPO Interactive, Jakarta: The Taxation Directorate General has started to increase the number of registered taxpayers.As a project pilot, the government has appointed Jakarta, where tax intensification will be specially aimed at individuals through a property-based approach.