Indonesian Political, Business & Finance News

Archive: 14 August 2007

13 articles found

Indonesia's Supermarket Boom Offers New Opportunity for Traditional Markets

Taken at Senayan only 15 minutes ago.

Indonesia's Supermarket Boom Offers New Opportunity for Traditional Markets

These findings are part of a report Horticultural Producers and Supermarket Development in Indonesia released by the World Bank in Jakarta today.Report HighlightsAmong the main findings of the report is the comparative disadvantage of traditional wholesale markets in competing with suppliers of...

Telkom Set to Expand Broadband

State telecommunications company PT Telkom will invest more in high-speed Internet services to counter market share gains by new entrants in the cellular industry, including Hong Kong billionaire Li Ka-shing.

Consumer Confidence Moves Upward

The consumer confidence index increased slightly to 96.3 points in July from 95.8 in June, largely due to a drop in the number of respondents pessimistic about job creation prospects in the next six months, a Bank Indonesia (BI) survey showed.

Another year of economic growth, but whom has it benefited?

In a few days from now, Indonesia will be celebrating another year of independence. There are reasons for every citizen to feel good. Around four out of five people believe that "democracy is working" and three out of four are confident of the country's economic future.

Consultancy to help RI firms in export standards

The establishment of a new private consultancy means Indonesian exporters will now have more help navigating the myriad export standards imposed by foreign countries, especially Australia.Australia's Senior Trade Commissioner to Indonesia, Rod Morehouse, said in press release sent to The Jakarta...

Poor bureaucracy, low compliance holding back tax collection efforts

If there are hotter seats in the government than the tax service, there can't be many of them.While expectations have been high, the tax office's efforts to collect tax revenue have been constantly hampered by a combination of poor bureaucracy, low compliance and rising demands for tax incentives,...

Indonesia has improved its investment climate : Japan

Tokyo (ANTARA News) - The Japanese government acknowledges that Indonesia has made progress in improving its investment climate so that Japanese Prime Minister Shinzo Abe will bring 150 top Japanese business executives in his visit to Jakarta next week, a Japanese official said here on Tuesday.

Rupiah plunges in early trade on dollar buying by local traders

They have a nice little real-time chart here:http://www.forexdirectory.net/idr.html

Rupiah plunges in early trade on dollar buying by local traders

Wouldn't be surprised if all the BI execs and their family members -- who knew the exact time of the injection -- Immediately used Rupiah from their personal accounts to buy dollars when it spiked at 9200.

Rupiah plunges in early trade on dollar buying by local traders

Check this 5-day chart from yahoo finance. It's quite clear there on Monday mid-morning that the BI injected a couple billion dollars of its reserves to buy Rupiah, but the price just popped right back to the pre-injection level later in the day.

Rupiah plunges in early trade on dollar buying by local traders

I have now moved nearly every Rp. I own in to a USD account. While the USD doesn't seem to be in great shape at the moment I have not been sleeping well at night with thoughts of the IDR becoming worthless again! This thread is to blame for this panic move ..

Rupiah plunges in early trade on dollar buying by local traders

If it breaks 11,000 there will be a lot of serious money moved - shame about the interest rates though , at the moment I am making two grand a month interest in the UK and I have to weigh up any gain against the loss of interest.Nice to know that Okusi is worth robbing........