Indonesian Political, Business & Finance News

Archive: 26 February 2008

12 articles found

Low-cost housing development to increase up to 30 percent

The Jakarta Post, JakartaA real estate association said Monday it would aim for a 25 to 30 percent increase in the development of houses for low-income people throughout the country in 2008."We will continue to develop more subsidized houses for low-income people, particularly in Greater Jakarta,...

Indonesia Strengthens Position in Palm Oil Excellence

Indonesia Strengthens Position in Palm Oil ExcellenceTuesday, 26 February, 2008 | 19:06 WIBTEMPO Interactive, Jakarta: Indonesia will strengthen its position as the country of excellence in the world's palm oil industry by holding the World Palm Oil Summit and Exhibition (WPOSE) on 20-24 May, 2008...

Indonesia`s IAA to start US$14 bln refinery project in 2009

Jakarta (ANTARA News/Asia Pulse) - PT Intanjaya Agromegah Abadi (IAA) said it will start construction of a US$14 billion oil refinery project in 2009.The company plans to build two refineries each with a processing capacity of 300,000 barrels of crude oil per day in Pare-Pare and Batam.

Too much of a good thing will be disastrous for the retail sector

The runaway development of shopping malls in Jakarta is living proof of reckless greed, a monumental disaster in the offing. It is a good example of how poor information, bad planning and a lack of common sense is already hurting, and will continue to hurt, investors and workers alike.

Japan biggest E Asian contributor to Lampung`s forex earnings

Bandarlampung (ANTARA News) - Japan was the biggest East Asian contributor to Lampung province`s foreign exchange earnings in 2007, a local trade and industry official said here on Monday.In the January - December period in 2007, Lampung exported 2,390,786 tons of non-oil/non-gas commodities worth...

Manulife insurance premiums grow by 88%

Life insurance company PT Manulife Indonesia announced Wednesday (20/2/08) its total insurance premiums grew by 88% last year to Rp767 billion from Rp 419 billion in 2006, The Jakarta Post reported. The growth was remarkable, president director David Beynon said, considering the industry as a whole...

Govt. allocates $64.7M for coastal area development

The ministry of marine and fisheries has allocated funds amounting to Rp594 billion ($64.7 million) for development programs in small islands and coastal areas in 2008, a spokesman said, Asia Pulse reported Monday (18/2/08).

Foreign cargo operators asked to work with local partners

The transport ministry suggests foreign air cargo carriers should cooperate with Indonesian counterparts if they want to provide cargo transport to Indonesian cities, Asia Pulse reported Monday (18/2/08). Local cargo carriers should have a share of at least 30%, Air Transport Director Tri S.

Kajima to step up urban development business

Kajima Corp. plans to expand its urban development project in Jakarta, starting with the construction of a large office building, Nikkei reported Tuesday (19/2/08). The general contractor completed a large office building on Monday, and already plans to begin constructing a similar-sized office...

Jakarta plans $393M rail link to airport

Jakarta plans to build a Rp3.6 trillion ($393 million) railway system linking Soekarno-Hatta Airport in Banten province with the capital to cope with growing passenger traffic, the Straits Times reported Monday (18/2/08). Targeted to be ready next year, the railway will stretch along 33.

Indosat goes all-out to expand network

JAKARTA (JP): The country's second-largest telecom company, PTIndosat, is to issue bonds worth a total of Rp 1.5 trillion(around US$163 million) to support its expansion drive.The company is also seeking another $400 million in externalfunding in the form of bank loans or global bonds.

Electricity Crisis to Last Until 2009

TEMPO Interactive, JakartaMonday, 25 February, 2008 | 15:06 WIBPT PLN (the State Electricity Company) is predicting that Indonesia will experience an electricity crisis up until next year.The state-owned company, according to Muljo Adji, PLN's Manager of Load and Distribution Center, is currently...