Indonesian Political, Business & Finance News

Archive: 10 May 2008

9 articles found

Arcelor Mittal to invest $10 bn in Indonesia

So how many more decent state enterprises are let for selling to meet the needs of the State Budget? They will runout soon of State companies that outside investment will want to buy. What's next Telkom, Pertamina, PLN (na no one would want to buy PLN)?

Arcelor Mittal to invest $10 bn in Indonesia

Oh boy, I know of several steel resellers in the city that will not be happy with this arrangement once it takes hold. Some have exclusivity in Krakatau to certain sizes of steel that gives them the ability to sell at their set price.

Arcelor Mittal to invest $10 bn in Indonesia

Indonesia News.NetFriday 9th May, 2008 (IANS)Jakarta, May 9 (Xinhua) Luxembourg-based steel maker ArcelorMittal has raised its investment cap for new operations in Indonesia to $10 billion from $3 billion that includes bid to acquire shares in state-owned Krakatau Steel, media reports said Friday.

Indonesia mismanaged its oil potentials, observer

What a twat. Where would it get refined!

Govt distributes funds for boosting rice, corn and soybean production

Jakarta (ANTARA News) - The Finance Ministry is taking care of the distribution of funds allocated by the Agriculture Ministry to the farmers to increase the production and productivity of rice, corn and soybean.

Indonesia mismanaged its oil potentials, observer

Jakarta (ANTARA News) - Indonesia could have reaped great profits from the current high world crude oil prices and would not have plunged into its present difficult situation if it had managed its oil potentials well, oil industry observer Dr Kurtubi said.

Govt plans scrapping subsidies for wealthy households

I'll have to give up at least one off my hobbies...

Govt plans scrapping subsidies for wealthy households

 Quote:The company has also scrapped subsidies for the 6,600-watt user group, which includes businesses and wealthy consumers.i'm in this category (no, not as a wealthy consumer!)oh well, free ride is over ...

Govt plans scrapping subsidies for wealthy households

 Quote:For households with a 2,200-watt capacity, the benchmark is set at 283 watts. These households would have to a pay nonsubsidized rates of Rp 1,092 per kilowatt hour (KwH) if their electricity usage exceeds the benchmark.Thats me fucked then....