Indonesian Political, Business & Finance News

Archive: 23 July 2007

8 articles found

Budi Santosa and Australian Cattle

By 2010 there'll be an annual national shortfall of six million cattle and the unmet demand will cause domestic meat prices to rise, according to research conducted by Budi Santosa."Every year the consumption of beef almost doubles," he said.

Astra Agro H1 Net Up 65%

Palm oil producer PT Astra Agro Lestari said Monday (16/7/07) its first-half net profit rose 65% on year due to an increase in revenue from higher commodity prices, Dow Jones Newswires reported. Agro said in a statement that its net profit for January-June rose to Rp682.5 billion from Rp414.

Car Sales Seen Back to Record Levels

Car and truck sales are on track to return to record levels of more than half million units next year, powered by a recovery in the economy, the Indonesian Automotive Industry Association (Gaikindo) said.

CNOOC Leads $5.5 bn Biofuel Project

China National Offshore Oil Corp (CNOOC) is taking a controlling stake in a $5.5 billion biofuel project, one of the project partners said Thursday (19/7/07), according to Dow Jones Newswires.CNOOC Group, Indonesia’s Sinar Mas Group and Hong Kong Energy (Holdings) Ltd in January signed a letter...

TVS hits the streets with Neo, Apache

TVS Motor Company, a leading two-wheel manufacturer in India, is confident the launch of its Neo and Apache motorcycle brands will help the company make a splash in the Indonesian market.TVS Motor chairman Venu Srinivasan said he was upbeat the company's Indonesian unit, TVS Motor Company...

Confidence in economy up, says survey

Recent improvements in Indonesia's macroeconomic indicators are bringing about confidence in the economy as a whole, with the central bank's latest survey showing estimates of higher growth built on more investment and a continued increase in bank lending for the year.

Emaar to set up residential project in Indonesia

Dubai (ANTARA News) - A spokesman at Dubai-based Emaar Properties, the largest Arab property developer by market value, said that the company is planning to set up a major residential project in the Indonesian island of Lombok.

Bali Needs a Cruise Port

 Originally Posted By: BaliDiscoverySuch a facility, he argued, would also become a stimulus for opening up the cruise industry's penetration of eastern Indonesia. Is he trying to say we should get more of the Eastern Indonesian gals "on the game" -- a game that is currently dominated by the...