Indonesian Political, Business & Finance News

Archive: 27 February 2008

7 articles found

Government to speed up formation of geothermal company

Jakarta (ANTARA News) - The State Ministry of State Enterprises (BUMN) is to speed up the formation of a new geothermal mining company to explore and exploit geothermal potentials in the country, a spokesman said.

Government raises CPO benchmark export price by $44 per ton

Jakarta (ANTARA News) - The Indonesian government has raised the crude palm oil (CPO) benchmark export price for March 2008 shipments by US$44 from US$944 to US$988 per metric ton , a spokesman said.Director for agriculture and forestry product export affairs at the Trade Ministry, Erfandi...

Competition and consumers' fates

KPPU the Indonesian anti monopoly commission made big news last year for its findings in respect of alleged anti competitive behavior in the telecommunication industry. It seems again there are games going on at "the top end of town" and these have been covered exhaustively.

Bad roads slow Indonesian growth, hurt competitiveness

The state of land transportation is not only poor but seems to be getting worse, a seminar revealed, citing a global survey that put Indonesia's ranking in a worse position this year than last year.Bambang Susantono, deputy to the coordinating minister for the economy for infrastructure and...

Government approves proposal to exempt electronics from luxury sales tax

with all the smuggling that goes on with electronic items in indonesia, i'd be surprised if any tax on those items you bought ended up in govt coffers.

Government approves proposal to exempt electronics from luxury sales tax

Jakarta (ANTARA News) - The Indonesian government has approved the tariff team`s proposal to exempt electronic products from luxury sales tax (PPnBM), the team`s chief said."We have just discussed (the proposal to exempt) electronic products from PPnBM with the Finance Ministry.

We need healthy food, not halal labels

The bill on halal product assurance, being drawn up by the government, is expected to become the center of controversy in the country when deliberated in the House of Representatives.The most contentious issue in the debate is the Indonesian Ulema Council's (MUI) demand for halal certification to...