Indonesian Political, Business & Finance News

Archive: 10 June 2007

3 articles found

Keeping the Locals in Stitches

Bali's Garment Sector Has Shrunk Dramatically Since 2005 Terrorist Attack. Bali News: Keeping the Locals in Stitches (6/9/2007) The Indonesian-language BisnisBali reports that around 70% of the companies involved in Bali's off-the-rack garment trade have ceased operations in the aftermath of the second terrorist attack of October 2005.

Spending Less and Leaving Sooner

New Figures Confirm that the Length of Stay in Bali is Less than 4 Days. Bali News: Spending Less and Leaving Sooner (6/9/2007) Tempo Interaktif reports that length of stay (LOS) and average spending levels are on the decline for foreign visitors to Bali. Data analyzed from Bali's Central Statistics Board (BPS) for the months of March-April 2007 also showed an increase in tourists staying in non-starred hotels.

Siambalo to develop jatropha plantations

JAKARTA: PT Siambalo is developing a jatropha plantation on one-million hectares of plantation land in North Sumatra at a cost of Rp 44 trillion (US$1.5 billion). The company's president director, Ravavi Wilson, said Friday that the jatropha plantations, located in Samosir, Tanah Karo and Deli Serdang regencies, were expected to produce 16 million tons of fruit per year.