Indonesian Political, Business & Finance News

Archive: 10 April 2007

12 articles found

Lion Air to Get New Boeing Aircraft

Private airline Lion Air said it will receive a delivery of a Boeing 737-900ER aircraft by the end of this month.It will be the first of 60 units of Boeing 737-900ERs the low-cost carrier had ordered from the aircraft maker at a price of $60 million each.

Tire Makers to Lift 2007 Output by 10%

Tire makers plan to increase their output by nearly 10% this year to meet demand from the domestic automotive sector, a senior industry official said on Tuesday (3/4/07).The country's tire manufacturers are expected to produce 45 million car tires this year, up from 41 million in 2006, Aziz Pane,...

Indofood Plans to Up Noodle Capacity

The world's largest instant noodle maker, PT Indofood Sukses Makmur, plans to boost its capacity to 14.5 billion packs per year from 13.5 billion to meet growing demand, a senior executive said on Tuesday (3/4/07).The company would spend Rp1.6 trillion ($175.

Jan-Feb Tourist Arrivals Up 13.59%

Foreign tourist arrivals in the first two months to February rose 13.59% year-on-year to 639,937, with arrivals in Bali leading the increase, data from the Central Bureau of Statistics showed, according to XFN-Asia.

Saudi Prince Mulls Hotel Investment

Saudi Prince Alwaleed bin Talal bin Abdul Azis Al Saud, who is chairman of his country's holding company, has expressed interest in investing in Indonesia's hotel business.Speaking to the press after meeting with President Susilo Bambang Yudhoyono at the latter's office in Jakarta last March 30,...

Spending on Infrastructure to Rise

The government will allocate more money for infrastructure development in next year's budget in an effort to ease the distribution bottlenecks that have seriously hampered the country's economic growth.

Indonesia commits to ASEAN single market plan

The government said Monday it would draft a new road map setting out revised economic development policies in line with the planned creation of the ASEAN single market."The road map will be completed by November this year and it will detail the reform programs that we intend to institute," Anggito...

RI consumer confidence up despite concerns

Indonesian consumers have become more confident about the economy, while at the same time seeing risks ahead, the latest survey by the central bank shows.Bank Indonesia's Consumer Confidence Index rose 0.9 in March to 93.

3,000 Importers’ Licenses Subject to be Revoked

TEMPO Interactive, Jakarta: Directorate General of Customs and Excises will revoke the licenses of around 3,000 importers. They are considered as problematic as not being active for a year.The decision will be arranged and included in the recommendation of Directorate General of Customs and Excises...

Tax Refund Arrears Increase

TEMPO Interactive, Jakarta: The number of tax refund arrears or those which have not been paid by the government to tax payers in the first quarter of 2007 totalled Rp7.3175 trillion. The number of tax refund arrears rose 73 percent from the same quarter in 2006, that was Rp 4.2199 trillion.

Aceh governor to visit Turkey to attract investors

Banda Aceh (ANTARA News) - Nanggroe Aceh Darussalam (NAD) Governor Yusuf Irwandi is to lead an Aceh government and businessmen`s delegation on a visit to Turkey soon to promote Aceh among Turkish businessmen.

Chinese bizmen eyeing Indonesian furniture

 Originally Posted By: Roy's hairthere go what remains of the rain forests that's what i thought. they'll be even worse than the malaysians.