Indonesian Political, Business & Finance News

Archive: 26 April 2008

9 articles found

Regional Autonomy Should Benefit People, President Says

Batulicin, S Kalimantan (ANTARA News) - President Susilo Bambang Yudhoyono said the exercising of regional autonomy (OTDA) powers and the creation of new provinces or districts should lead to clear benefits for the people and not be done only to imitate others. "We intend to accelerate national development by implementing regional autonomy which will later be beneficial for the people," he said at a function to observe the 12th anniversary of OTDA here on Friday.

Crackdown on Construction Near Uluwatu

Governor Beratha Warns Building Owners within 5 KM Radius of Uluwatu They Face Prison and Fines. (4/26/2008) Public complaints that villas have been built within a 5 kilometer "no-building" sacred zone surround Bali's Uluwatu temple, have caused Bali's Governor Made Beratha to request an urgent crackdown against all structures falling within the protected area.

Plantation, mining booms give cement market a boost

The Jakarta Post , Jakarta | Sat, 04/26/2008 12:02 PM | Business The cement market grew 17 percent in the first quarter, with eastern parts of the country recording the highest growth, a business executive says.

India Aggressive in Controlling Coal Market in Indonesia

Friday, 25 April, 2008 | 19:49 WIB TEMPO Interactive, Jakarta: Indian investors are more aggressive in searching for coal mines in Indonesia to meet the needs of the country’s energy sources. They are now competing to acquire coal producers from Indonesia. Head of the Indonesia Coal Mining Industry Jeffrey Mulyono revealed that India and China are the most persistent countries in finding coal.

Govt advised to raise fuel prices in June 2008

Finally some common sense, however, it may be unlikely as I cannot see SBY wanting to increase fuel prices for a second time in his first term of office...

Yudhoyono calls on banks to support small-scale businesses

Batulicin, South Kalimantan (ANTARA News) - President Susilo Bambang Yudhoyono called on the national banking industry to support small-scale businesses in the country with credits.

Antam to start building US$400 mln alumina plant in Tayan, W Kalimantan

Jakarta (ANTARA News/Asia Pulse) - Indonesia's state-owned mining company PT Aneka Tambang (Antam) (JSX:ANTM) is set to start construction of a US$400 million alumina factory in Tayan, West Kalimantan. Based on the feasibility study, the cost of the project will rise to to US$400 million from an earlier estimate of US$250 million.

India`s Gail, Pertamina to cooperate in oil and gas business

Jakarta (ANTARA News/Asia Pulse) - Indonesian state oil and gas company PT Pertamina said it has agreed with India's GAIL Ltd (BSE:532155) to cooperate in the oil and gas business in the upstream and downstream sectors. Under the agreement, Pertamina has been offered the option to develop oil fields in India and GAIL has been invited to invest in city gas projects in Indonesia, Pertamina vice president Iin Arifin Takhyan said.

Govt advised to raise fuel prices in June 2008

Jakarta (ANTARA News) - The government must make a decision on fuel price hike as early as June 2008 in reaction to the surging global oil prices, an economist said.