Indonesian Political, Business & Finance News

Archive: 5 February 2008

7 articles found

State firms to establish biodiesel plant in Medan

Novia D. Rulistia, The Jakarta Post, JakartaState-owned plantation firms have jointly set up a consortium for the construction of a biodiesel plant aimed at supporting the government program to develop alternative energy resources.

Firms prefer fresh grads as unemployment looms

While the country's unemployment rate remains high, there is a tendency among local companies to recruit fresh graduates over the longer-term unemployed who mainly prefer to open their own small businesses, the Central Statistic Agency (BPS) says."Every year, there are around 2.

Govt. to establish export financing agency

The government, in a bid to boost foreign trade, has proposed the establishment of an agency to provide financing, underwriting and insurance for exporters, Asia Pulse reported Monday (28/1/08). The agency, to be called the Indonesian Exports Financing Agency (LPEI), will replace Bank Ekspor...

Exports at record, inflation jumps

Indonesia's trade surplus surged to $4.06 billion in December from $2.27 billion the previous month on strong exports, but inflation jumped in January to its highest level for two years, the Central Statistics Agency said Friday (1/2/08). Exports rose to a record $10.86 billion from $9.

'Grand design' for regional map: Ministry

The government is finalizing a 'grand design' for Indonesia’s regional subdivisions that should be completed this year, Home Affairs Ministry spokesman Saut Situmorang said on Thursday (31/1/08). The grand design, said Situmorang, would determine the ideal number of provinces and regencies for...

Govt introduces new CPO export tax benchmarks

JAKARTA (JP): The government has issued a new progressive tax regulation on crude palm oil (CPO) and its derivative products, implementing three main benchmarks based on the Rotterdam commodity market prices on CPO.

Govt issues ruling on interconnection tariff reduction

Jakarta (ANTARA News) - The Indonesian government on Monday issued a regulation on the reduction of interconnection tariffs which is expected to lower retail telecommunication rates."Interconnection tariffs are one of the three price components in retail telecommunication rates.