Indonesian Political, Business & Finance News

Archive: 20 October 2008

3 articles found

Tourism Industry: Ignorance is Bliss

US financial crisis has impact on Bali`s economy Denpasar (Antara News) - The US financial crisis which had developed into a global crisis has caused an unfavourable impact on Bali`s economy. "The US financial crisis also posed an disincentive to Bali`s economy as a whole," Head of the Bank Indonesia branch office in Denpasar Viraguna Bagoes Oka said in a two-day training of 35 journalists in Candidasa area, Karangasem district, Bali, on Sunday.

US financial crisis has impact on Bali`s economy

Denpasar (ANTARA News) - The US financial crisis which had developed into a global crisis has caused an unfavourable impact on Bali`s economy. "The US financial crisis also posed an disincentive to Bali`s economy as a whole," Head of the Bank Indonesia branch office in Denpasar Viraguna Bagoes Oka said in a two-day training of 35 journalists in Candidasa area, Karangasem district, Bali, on Sunday.

Legislator highlights declining price of CPO

Jakarta (ANTARA News) - A member of the House`s Commission VI dealing with trade and investment Alfridel Jinu hightlighted a drop in the price of crude palm oil (CPO) and its derivatives in the past days. Alfridel Jinu here on Sunday said the government in the near future would announce a policy on sharp drop of the prices of CPO and cooking oil. "The most fundamental that the public has to know is just about the use of cooking oil subsidy amounting to Rp600 billion," he said.