Indonesian Political, Business & Finance News

Archive: 28 February 2008

14 articles found

Eighty pct of foreign tourists coming to RI `repeat` visitors

I want my medal for tourist visits to Indo that I was promised, and KuKu, did you get my KITAS application for the post of Father Christmas sorted out or is it still at DEPNAKER?

Eighty pct of foreign tourists coming to RI `repeat` visitors

Blokes and blokesses doing visa runs more like."Indonesia earned US$5.3 billion in foreign exchange from the 5.5 million foreign tourists, the highest figure reached in the past 10 years."It would be interesting to know how much they have actually lost. The figures have been static for a decade.

Eighty pct of foreign tourists coming to RI `repeat` visitors

Jakarta (ANTARA News) - The culture and tourism ministry estimates that around 80 percent or 4.4 million of the 5.51 million foreign tourists who came to Indonesia in 2007 were 'repeat' visitors.Based on these data it was concluded that most of the tourists coming to Indonesia were "loyal" ones or...

Leave halal labeling to market: Producers

Amid controversy over a plan to make halal labeling mandatory, food producers said Wednesday the issue of halal labeling should be left to the market to decide.Sarni Ratu, a marketing manager at a fish processing company in North Jakarta, said producers would voluntarily seek halal certificates as...

Wood industry in Riau on brink of collapse

The wood processing industry in Riau, including sawmills and molding firms, is on the brink of collapse due to a scarcity of raw material supplies, said the head of Riau's Indonesian Wood Community (MPI), Hotman Butar-Butar.

Lippo boosts lending by 51% in 2007, pushing up net profit

Bank Lippo, a publicly listed bank controlled by Malaysia-based giant Khazanah Nasional Berhad, reported a 51 percent growth in lending in 2007 from the previous year."This is the third consecutive year that Lippo's lending has grown in excess of 50 percent.

Industrial machinery fair planned for May in Jakarta

Indonesia will hold the seventh industrial machinery fair in May, with around 250 local and foreign machinery producers set to participate.The annual fair will feature industrial machinery ranging from packaging and food processing machines to pharmacy and printing machines.

RI-Germany eye cooperation around renewable energy sources

Indonesia and Germany said Wednesday they want to work together in the energy sector to generate renewable, cleaner sources of energy, in efforts to curtail climate change.Germany's foreign minister and Vice-Chancellor Frank-Walter Steinmeier is on a three-day visit to build relations with...

'Efforts have been made to help prevent credit card fraud'

JAKARTA (JP): The country's credit card association said Wednesday a recent case of fraud involving thousands of counterfeit cards caused fewer losses to customers than originally thought.Earlier this month, police confiscated about 7,000 counterfeit credit cards that used stolen data.

Majority of Banks Not Yet Meet Good Corporate Governance Provisions

Wednesday, 27 February, 2008 | 18:04 WIBTEMPO Interactive, Jakarta: The majority of national banks have not yet met the provisions of good corporate governance (GCG).Bank Indonesia's evaluation result showed that around 69.3 percent of banks operating in Indonesia have not met GCG provisions.

Panasonic to expand plasm TV technology in Indonesia

Osaka (ANTARA News) - Panasonic Gobel Indonesia (PGI) President Commissioner Rahmat Gobel said his company would continue to expand flat-screen TV technology in an effort to create awareness of the importance of efficient and environment-friendly technology in Indonesia.

Indonesia`s economy to grow over 7 pct in 2010, minister says

Jakarta (ANTARA News) - Indonesia`s economic growth rate is expected to reach a pre-crisis level of over 7 percent in 2010, a senior economic minister said."In 2010, we expect the gross domestic product (GDP) will be the same as the pre-crisis level.

Incentives sought for biodiesel producers

JAKARTA (JP): A committee has asked the government for a tax cut for biodiesel producers to help encourage the eco-friendly fuel business amid high prices of palm oil.Evita H. Legowo, the first secretary of the National Biofuel Development Committee, told The Jakarta Post on Wednesday the proposed...

Incentives sought for biodiesel producers

JAKARTA (JP): A committee has asked the government for a tax cut for biodiesel producers to help encourage the eco-friendly fuel business amid high prices of palm oil.Evita H. Legowo, the first secretary of the National Biofuel Development Committee, told The Jakarta Post on Wednesday the proposed...