Indonesian Political, Business & Finance News

Archive: 6 May 2007

5 articles found

Possibility to raise export duty on CPO still considered

Jakarta (ANTARA News) - The Indonesian government is still considering whether it would raise its export duty on crude palm oil (CPO) following the hike in the retail price of cooking oil in the country to Rp8,000 per kilogram."The rate of increase has yet to be set.

RI`s oil-palm plantation revitalization need 340,000 workers

Jakarta (ANTARA News) - Implementation of the government`s oil-palm plantation revitalization program on 2 million hectares of land in 2007-2011 will require the employment of about 340,000 people, an Agriculture Ministry official said.

Indonesia agrees to form joint economic committee with Malaysia

Kuala Lumpur (ANTARA News) - The Indonesian government has agreed to a proposal by Malaysia to set up a bilateral economic commttee to handle the increasing flow of Malaysian investment funds to Indonesia.

Indonesian shopaholics rejoice: Seibu coming to Jakarta soon

Publicly listed retailer PT Mitra Adiperkasa (MAP), the local franchisee of a large number of major international brands, is expanding its high-end retail business by opening Jakarta's first outlet of upmarket Japanese department store, Seibu.

Industry Asked to Build Factories in Gas-Surplus Areas

TEMPO Interactive, Jakarta: The government asked industry to build factories in a gas-surplus area in order to ease energy fuel distribution to the industries.“Now it's time for industries to follow the energy, not vice versa,” said Minister of Energy and Mineral Resources, Purnomo Yusgiantoro,...