Indonesian Political, Business & Finance News

Archive: 17 March 2008

10 articles found

President asks private sector of New Zealand to invest in Indonesia

The truth is that Indonesia likes foreign investment money, but doesn't like foreigners. Just a few examples: $1600 spend each year on working visa, marriage with Indonesian wife does not grant you any right to work here to support your family, if you plan to leave Indonesia even for a short trip...

Lucrative labor business sets rift between officials

In what is really about looking out for their own interests in next year's general elections, Manpower and Transmigration Minister Erman Suparno and chairman of the migrant workers' agency Jumhur Hidayat have fallen into a heated feud with no end in sight.

Sampoerno Agro to spend Rp 600b to up output amid rising CPO prices

Riding the wave of soaring prices of crude palm oil, publicly listed palm oil producer PT Sampoerna Agro is setting aside up to Rp 600 billion (US$65.2 million) this year to boost production.Finance director Eddy Kurniawan said the money would be spent on new land, factories and supporting...

RI seeks more gas for domestic market

After securing a gas supply of 1.5 million tons from the Bontang field in East Kalimantan, the government is eying another 1 million tons from the Tangguh block in Papua to meet domestic market demand, an official says.

Thai investors from small-to-medium class joining biggies in RI

Despite vast opportunities, business relations between Indonesia and Thailand are still lagging compared to relations with other major Southeast Asian countries.The Jakarta Post's Rendi Akhmad Witular interviewed the newly appointed Thai ambassador for Indonesia Akrasid Amatayakul about his...

Govt pumps export potential of the 'creativity industries'

If a variety of culture is considered the main determinant of national creative output, Indonesia would likely be one of the richest countries as home to no less than 300 ethnicities and 500 languages and dialects.

Esia aims to almost double subscriber base by end of 2008

PT Bakrie Telecom, the publicly listed telecom behind CDMA mobile phone brand Esia, saw its subscriber base increase 147 percent last year.Bakrie has 3.82 million subscribers and aims for almost twice that many by year end.At the end of 2006, it had 1.

Construction of Senoro LNG plant may be delayed: BPMigas

The construction of the US$1 billion liquefied natural gas (LNG) plant in Senoro, Central Sulawesi, may be hampered by prolonged gas price re-negotiations between the operator and gas suppliers, and official said on the weekend.

Industry minister backs idea to raise prices of fuel for industries

Pekanbaru, Riau (ANTARA) - Industry Minister Fahmi Idris has thrown his weight behind a proposal to raise further the prices of fuel for industries to anticipate the greater impact of global crude price spiral."We have no other choice," he said here Saturday.

Indonesia wanits to import soybean from Brazil

Jakarta (ANTARA News) - The Indonesian government is studying the possibility of importing soybean from Brazil in an effort to reduce its dependence on the commodity from the United States, Agriculture Minister Anton Apriyantono said here on Saturday.