Indonesian Political, Business & Finance News

Archive: 20 March 2007

14 articles found

House, govt meet to discuss key bill

As the deadline for the passage of the investment bill draws near, members of House of Representatives' Commission VI and government representatives in charge of steering the bill through the House held an informal meeting Monday evening to hammer out an agreement on the remaining points of...

How can marketers respond to a more conservative Indonesia?

If conservative values aren't making way for more liberal views in this young democracy, how should marketers, media owners, media buyers and advertising agencies respond? That's a question I've been asked by many these last few weeks.

Brazil, Indonesia To Sign Ethanol Agreement

so much buzz around ethanol as an alternative fuel. As a result of this push toward ethanol production, we're seeing the higher prices of food such as cereal, drinks (fructose), etc. I heard about this bush-like plant in Africa that is supposed produce oil.

Brazil, Indonesia To Sign Ethanol Agreement

Brazil signed an ethanol agreement with Indonesia on Thursday (15/3/07), Brazilian daily O Estado de Sao Paulo reported.In the near future, Indonesia is expected to receive $12 billion investments from international companies to develop its ethanol production.

PLN Seeks Kalimantan Hydro Partners

State-owned power firm PT PLN is seeking a partnership with private investors to build a 250- MW hydro power plant in South Kalimantan."We are trying to figure out what kind of financial options are suitable for this project," PLN business unit oversight and civil engineering head Kabul Sutijono...

BCA Eyes 50% Consumer Loan Growth

Bank Central Asia (BCA), the country’s second largest lender, aims to boost its consumer loans by 50% to Rp13.5 trillion ($1.47 billion) by the end of 2007 from Rp9 trillion last year, Bisnis Indonesia reported on Monday (12/3/07).

Faster Recovery Predicted for Car Market

The automotive industry predicted a sharp increase in car sales starting this month with improved macroeconomic conditions and purchasing power.The Association of Motor Vehicle Manufacturers (Gaikindo) said car sales are forecast to reach 30,000 units in March, bringing total sales to 80,598 units...

Telkom, SingTel Team Up on Global Data

State-owned telecommunications company PT Telkom said it will team up with Singapore Telecommunications Ltd (SingTel) to expand coverage of its global data communications services.Telkom and SingTel target to dominate the Asian market with a capitalization of $500 million, Telkom executive general...

Indonesia, Malaysia Look to Commodities Bourse

Indonesia and Malaysia may establish a joint commodities bourse to sell crude palm oil and natural rubber, The Jakarta Post reported on March 10.The report said Vice President Jusuf Kalla had told a meeting in Jakarta between officials of the Malaysian and Indonesian chambers of commerce that a...

Fisheries Sector Wins Investment

A total of 13 overseas companies from China, Thailand and Australia are to invest a total of $120.5 million in fishing and fish processing ventures around the country, an official from the Maritime Affairs and Fisheries Ministry says, The Jakarta Post reported.

Investment Bill to Pass Soon

The House of Representatives is expected to pass the long-awaited new investment bill that will offer tax and duty incentives to both local and foreign investors.The government has agreed in principle that incentives can be offered not only to new investors, but also to those who expand their...

Agency Offers Disaster-Free Land Map Service

Data packages containing information on disaster-free regions in Indonesia will be made available through a service provided by the National Coordinating Agency for Land Survey and Mapping (Bakosurtanal).

Saratoga to invest in CPO business in Papua and Kalimantan

Jakarta (ANTARA News) - PT. Saratoga Investama Sedaya owned by national businessman Sandiaga S. Uno, is planning to invest in crude palm oil (CPO) business in Papua and Kalimantan."We are allocating around 10-20 percent out of our total investment this year (for the CPO business)," Sandiaga said...

Corrupted pipe dreams in Indonesia

JAKARTA -The opening of a new US$1.1 billion gas pipeline would appear to mark a rejuvenation of Indonesia's until now woefully inefficient natural-gas sector and boost the fortunes of publicly listed, majority state-owned gas-distribution company PT Perusahaan Gas Negara (PGN).