Indonesian Political, Business & Finance News

Archive: 26 March 2008

6 articles found

Government to maintain conducive business climate : President

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said the government would continue to maintain a conducive business climate in the country so that business people could play a bigger role in efforts to solve problems faced by the nation.

Agriculture minister to attend first oil palm harvest in Buol

Tolitoli, Central Sulawesi (ANTARA News) - Agriculture Minister Anton Apriyantono is scheduled to attend the first harvest of Buol district`s oil palm plantations in Central Sulawesi on March 29, 2008, a local government official said.

World Bank plans to revise Indonesia`s growth rate

Jakarta (ANTARA News) - The World Bank plans to revise downward its Indonesian economic growth rate projection for 2008 to 6.0 percent from 6.4 percent due to the US economic slowdown but assures the move will not affect the government`s effort to achieve the target of reducing the poverty rate.

World Bank slams govt onerous fuel subsidy

Aditya Suharmoko, The Jakarta PostThe World Bank has criticized the government's continuing refusal to cut the onerous fuel subsidy despite evidence the allocation has only benefited wealthy people."The fuel subsidy has been poorly targeted; it only promotes consumption and does not help the poor,"...

Pontianak to have 60MW power plant

Bank Bukopin and four regional development banks pledged Tuesday to syndicate a loan to PT Equator Manunggal Power for the construction of a 60 megawatt (MW) coal-fired power plant in Pontianak, West Kalimantan.The project, which will cost Rp 545 billion (US$59.

Timor-Leste seeks trade deal with East Java

Timor Leste is hoping to establish some kind of a trade deal with East Java, as the country is in dire need of affordable farming equipment and agricultural produce, a Timor Leste minister says.The country's visiting minister for farming, fisheries and forestry Mariano Assanami Sabino told The...