Indonesian Political, Business & Finance News

Archive: 19 January 2008

10 articles found

Indonesia central bank not worried about rupiah

Well if the central Bank isn't worried about the rupiah who the hell is doing the worrying??? It was THE WORST performing currency in Asia - My advice advice is it's time to worry boys!

Indonesia central bank not worried about rupiah

Jakarta (ANTARA News) - Bank Indonesia, the central bank, is not worried about the weakening of the rupiah as the fall is likely to be temporary, deputy governor Budi Mulya was quoted by Reuters as telling reporters on Friday. The rupiah was the worst performing currency in Asia last year and has also weakened almost 1 percent since the start of this year. (*)

Indonesia mulls fixing soybean prices - official

Jakarta (ANTARA News - The Indonesian government is considering fixing soybean prices in another bid to control surging prices which have hurt the local food industry, an agriculture ministry official said late on Thursday. Baran Wirawan, a food crop expert who held talks with soybean importers, said the government had not decided on the exact price, but it could be between 5,500-6,000 rupiah a kilogram. "The government may impose a price reference for soybean in the domestic market.

Govt to raise soybean on 200,000 ha

Jakarta (ANTARA News) - The government is ready to cultivate soybean on 200,000 hectares of land across the country this year to raise its soybean production, an Agriculture Ministry official said. The national soybean output once hit a high record of 1.8 million tons in 1992 or an increase of 300 percent from 600,000 tons in 1998, the ministry`s director general of food crops, Sutarto Alimuso, said on Friday.

Agri ministry: import duty exemption on soyabean should to be reviewed

Jakarta (ANTARA News) - The Agriculture Ministry expressed hope that the import duty exemption on soyabean should be reviewed once in every three months so that it will not cause a loss to the growers. Sutarto Alimuso, Agriculture Ministry`s food plantations affairs director general said here on Friday that low price of domestic soyabean has caused the local farmers reluctant to grow soybean.

Bali`s canned fish exports hit record high

Denpasar, Bali (ANTARA News) - Bali`s canned fish exports in the first 11 months of 2007 hit a record high of US$11.8 million, a report said. The exports represented a 99 percent increase from the same period in 2006, the Bali Provincial Industry and Trade Office said in a report on Friday. Canned fish once disappeared from the list of the province`s non-oil/non-gas exports but this did not mean that the local fish canning industry ceased production, the report said.

Sarolangun has a potential coal reserve of 399 million tons

Jambi (ANTARA News) - The potential coal reserves in Sarolangun regency, Jambi province, according to provisional estimates reached 399 million tons with a calorie of 4,800-6,800. This is merely a provisional estimate, but a thorogh study and research will tell more than that, Sarolangun regency chief Hasan Basri Agus said in Jambi on Friday.

Telkomsel ready to lease its towers

Jakarta (ANTARA News) - President director of PT Telkomsel Kiskenda Suriahardja said the company was ready to to lease its telecommunication towers to other telecommunication operators.

Transforming Indonesia's family business groups

Most of Indonesia's largest domestic firms come in the form of widely diversified conglomerates, often under the control of families. Headed by powerful tycoons, these family firms arouse controversy in Indonesia. The widely diversified firm is a business structure that went out of fashion in the West in the 1980s. Why does diversification continue in Indonesia? Is Indonesia simply lagging behind in its business models or is there more to it?

Bulog Will Import Second-class Soybeans

Friday, 18 January, 2008 | 13:58 WIB TEMPO Interactive, Jakarta: The State Logistics Agency (Bulog) has not yet found any alternative to the soybean exporting country other than the United States. Temporarily, Bulog will continue to import soybeans from Uncle Sam. “Soybeans from the US are second-class, not first,” Bulog’s Managing Director, Mustafa Abubakar, told reporters at the vice presidential office, Jakarta, yesterday (17/1).