Indonesian Political, Business & Finance News

Archive: 15 February 2008

9 articles found

Indonesian growth in 2007 fastest in 11 years

Jakarta (ANTARA News) - Indonesia's full-year growth for 2007 clocked in at 6.32 percent, the fastest rate since the country was hit by the Asian financial crisis 11 years ago, official data showed Friday.The figure was slightly higher than the government forecast of 6.

Indonesia`s United Tractors January heavy equipment sales up 60 pct

Jakarta (ANTARA News) - Indonesia's PT United Tractors said Friday its "Komatsu" heavy equipment sales rose 60 percent to 491 units in January from 306 a year earlier, led by sales to the mining and agriculture sectors.

Software giant comes to RI

On the back of higher demand for business software in Indonesia, U.S. software giant SAS is opening an office in Jakarta in efforts to better penetrate the market.Through its local unit, PT SAS Institute, SAS has planned an investment of between US$8 million and $10 million in Southeast Asia's...

Tax director general aims big this year

Aditya Suharmoko, The Jakarta Post, JakartaThe tax office said Thursday it would strive to significantly raise tax revenue this year in an attempt to increase the country's coffers.Finance Ministry Director General of Taxation Darmin Nasution told a press conference that this year his office aimed...

Government upholds deadline on Newmont's divestment process

The government is insisting PT Newmont Nusa Tenggara complete its planned divestment process by Feb. 22, threatening to terminate the U.S. company's mining contract for its gold and copper operations in West Nusa Tenggara if it fails to meet the deadline.

BlueScope invests $113m to lift output

JAKARTA (JP): Australian steel producer PT BlueScope Steel Indonesia is investing $113 million to expand its plant in response to rising local demand for steel.Attended by Industri Minister Fahmi Idris, the ground-breaking ceremony for the expansion was held Tuesday in Cilegon, Banten.

Indonesia 2007 GDP expected to grow at fastest pace in 11 years

Jakarta (ANTARA News) - The Indonesian economy is expected to have grown at its fastest pace in 2007 since the country was hit by the Asian financial crisis 11 years ago, driven mostly by private consumption.

Bengkulu to build new ports

Bengkulu (ANTARA News) - Bengkulu province which partially consists of beaches will in this year build several new ports for its plantation produce and coal.One of the ports which already has a permit for its construction will be located in Muko Muko Regency, and a further survey to be followed by...

Bengkulu develops Sigarar Utang coffee

Bengkulu (ANTARA News) - Sigarar Utang coffee, like arabica coffee of Medan, North Sumatra, is now being developed in Bengkulu on land with an altitude of about 1,000 meters avove sea level.Some 44,000 sigarar utang coffee trees in the Mangkorajo hills in Lebon regency, had been developed since...