Archive: 26 February 2008
12 articles found
Tue, 26 Feb 2008
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,...
Tue, 26 Feb 2008
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...
Tue, 26 Feb 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.
Tue, 26 Feb 2008
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.
Tue, 26 Feb 2008
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...
Tue, 26 Feb 2008
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...
Tue, 26 Feb 2008
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).
Tue, 26 Feb 2008
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.
Tue, 26 Feb 2008
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...
Tue, 26 Feb 2008
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.
Tue, 26 Feb 2008
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.
Tue, 26 Feb 2008
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...