Indonesian Political, Business & Finance News

Archive: 23 April 2008

7 articles found

Continuing strong growth for cement industry amid cost fears

Andhika Suryadharma, AnalystIndonesia's domestic consumption for cement rose 17 percent to 8.7 million tons in the first quarter of 2008, marking the highest first quarter growth since 2002.Evidently, this was made possible with a 25 percent growth in outer Java consumption and an 11 percent growth...

Govt to starts verifying oil palm commodities shipments

The Trade Ministry will start verifying all domestic shipments of oil palm commodities on April 24, Ardiansyah Parman, the director general of domestic trade, said Tuesday.The main purpose of the verifications is to curb the smuggling of oil palm commodities, he said, and the verification will only...

SBY asks Brunei to invest more in Indonesia

Indonesia and Brunei Darussalam agreed to enhance cooperation in culture, trade, defense and energy after a meeting between President Susilo Bambang Yudhoyono and Sultan of Brunei Hassanal Bolkiah here on Tuesday.

Inti Kapuas to buy more oil palm plantations

Jakarta (ANTARA News/Asia Pulse) - PT Inti Kapuas Arowana said it has set aside US$120 million to acquire more oil palm plantations.Earlier Inti Kapuas signed an agreement for the acquisition of the palm plantations of PT Dendymarker Indahlestari and PT Anam Koto at a price of US$80 million from...

India`s Binani in talks to buy Indonesian coal mine for $100 mln

Mumbai (ANTARA News/Thomson Financial) - India's Binani group is in advanced talks with Indonesia's largest coal producer PT Berau to buy a coal mine for more than 4 billion rupees (about $100 million), the Economic Times reported citing sources close to the development.

Krakatau to build integrated steel plant in S Kalimantan

Jakarta (ANTARA News) - State steel maker PT Krakatau Steel plans to build an integrated steel plant in South Kalimantan at a total cost of US$600 million to meet demand for ingot steel."In the first phase of the project we will build a billet plant in South Kalimantan," PT Krakatau Steel President...

RI`s economy under threat of high external inflation: economist

Jakarta (ANTARA News) - The Indonesian economy is expected to be under a threat of high external inflation this year due to a surge in the global crude and food prices, an economist said.The threat had been noticeable now following a recent increase in the prices of several food commodities in the...