The government and central bank on Tuesday unveiled a series of measures to bolster foreign exchange reserves and market confidence as the rupiah hit a seven-year low of Rp11,900 against the US dollar, The Jakarta Post reported.

The Batam, Bintan and Karimun (BBK) Special Economic Zone Commission has ensured speedy licensing procedures free from illegal levies in a bid to attract foreign investors impacted by the global financial crisis, The Jakarta Post reported.

The Agriculture Ministry has lowered the growth target for the agricultural sector for 2009 to 4.2% from 4.6% as the exports of a number of farm commodities decline due to the current global financial crisis.

The House of Representatives on Thursday approved macroeconomic assumptions for use in calculating the 2009 state budget, Dow Jones reported."We have agreed with the government that economic growth (will be assumed at) 6% and inflation at 6.

The government took more steps last week to improve the prospects of businesses under threat from the effects of the global financial crisis, while the capital market improved at the end of the week in line with gains on Wall Street and regional markets.

Rita Sastrawan, Paris The establishment of oil-palm plantations in Kalimantan and Sumatra poses the greatest threat to orangutans today. In fact, the clearing of forest and the establishment of oil-palm plantations has a negative impact not only on orangutan populations but also on climate, the...

Jakarta, (ANTARA News) - Fruit imported from China has over the past few years taken over the dominant position of US and Australian fruit in the Indonesian market, a horticulure researcher said.Such fruits as apples, oranges or pears in the Indonesian market in the past always came from the US or...

Australian mining firm Indo Mines Limited has secured Indonesian government approval to mine iron ore deposits in Kulon Progo, Yogyakarta, with a total investment commitment of US$1.7 billion.The company's local subsidiary, PT Jogja Magasa Iron, inked a 30-year work contract with the government...

The property business in Jakarta and surrounding areas is heading for a slowdown next year due to increases in interest rates, inflation, prices of materials and rental costs, according to a property consulting company.

Erwida Maulia, The Jakarta Post, JakartaThe global economic slowdown has forced the tourism ministry to revise down its targets for numbers of foreign tourist arrivals for 2008 and 2009 by 9 percent and 20 percent, respectively.

Aditya Suharmoko, The Jakarta Post, Jakarta Having expanded by a fairly healthy 6.4 percent in the third quarter, the economy is facing a slowdown in the last quarter as it begins to feel the impacts of the global crisis, according to the central bank.

Mustaqim Adamrah, The Jakarta Post, JakartaThe Indonesian Chamber of Commerce and Industry (Kadin) has asked the government to add Rp 10 trillion (US$950 million) to the funds set aside for next year to help cushion the real sector from the impact of the global economic slowdown.

NEW DELHI: In a move that could sully India’s image in the international market, top vegetable oil supplier, Indonesia, has accused 30 Indian companies, including Nafed, of taking it for a ride.What’s worse, some of these defaulters are allegedly using public sector companies MMTC, PEC and STC...

Friday, 07 November, 2008 | 08:41 WIBTEMPO Interactive, Jakarta: The chairman of the Ceramic Industry Association Achmad Wijaya said a businessman from Taiwan is interested in the ceramics industry in Indonesia and intends to invest Rp200 billion next year.