Indonesian Political, Business & Finance News

Archive: 28 September 2007

7 articles found

Local firms win power transmission contracts

State power company PLN awarded six contracts worth Rp 913 billion (approximately US$99.7 million) in total to local companies Thursday for the construction of power transmission networks.Speaking to reporters following the signing of the contracts, PLN transmission and distribution director Herman...

Strong exports push Indonesia's balance of payments into surplus

Strong commodity exports and an influx of foreign funds into the local capital markets pushed Indonesia's balance of payments during the second quarter to a surplus of US$3.63 billion, the central bank reported Thursday.

RI missing out on China's growing tourist market

Despite the country's numerous award-winning travel destinations, including resort island Bali, Indonesia will miss out on China's growing outbound tourism market in the next 12 months due to safety perceptions, according to a survey.

PT Indosat end-August cellular subscribers 21.5 mln, up 1.5 mln from June

Jakarta (ANTARA News) - Indonesia's second biggest telephone operator PT Indosat said Thursday its cellular subscriber base rose to 21.5 million at end-August from 20 million at end-June."The significant rise in the subscriber base in the past two months is in line with the expansion of the...

Indonesia signs 300 mln aud loan from Australia for road projects

Jakarta (ANTARA News) - Indonesia has signed an agreement for a 300 million Australian dollar loan from Australia that will be used to improve the quality of roads and bridges in eastern Indonesia, an official said Thursday.The loan carries zero interest rate, with no associated fees or charges.

RI losing ground in graft battle

Indonesia scored worse on the latest Corruption Perception Index (CPI), but the figure is still better than five years ago, an annual global survey by Transparency International revealed Wednesday.Of the 180 countries in the survey, Indonesia placed 143 with a CPI of 2.3, a slight decline from 2.

Alternative Energy Insufficient to Supply Java-Bali Electricity

TEMPO Interactive, Jakarta: Carunia Mulya Firdausy, Deputy Minister for Community Dynamics at the Research and Technology State Ministry, has said that alternative energy sources like wind, water and sun, do not produce enough results to provide any additional electricity supply to meet the need of...