Indonesian Political, Business & Finance News

Archive: 2 May 2008

10 articles found

Indonesia Forms Tax Legal Aid Institution

Wednesday, 30 April, 2008 | 17:51 WIBTEMPO Interactive, Jakarta: The Indonesian Tax Legal Aid institution (LBHPI) has eventually been officially launched.Eddy Mangkuprawira, the Head of LBHPI, said that the establishment of this institution had been ignited by low concern regarding tax legal issues.

Domestic coal consumption to exceed exports

Domestic coal consumption would exceed coal exports, sometime between 2015 and 2020, if the government cap on coal exports remains in place, an association said Tuesday.Indonesian Coal Mining Association president Jeffrey Mulyono said domestic coal demand would jump to 75 million tons in 2009, from...

Bata aims to resist challenge from Chinese shoe imports

Publicly listed footwear maker PT Sepatu Bata (Bata Indonesia) has allocated Rp 70 billion (US$7.46 million) for its corporate actions this year in the hopes of retaining its seven percent share in the local footwear market amid fierce competition from Chinese imports.Merchandising Director Anita R.

Food industry: Prospect in turmoil

Novri Irza Hidayattullah, Jakarta The fluctuation of international commodities prices, including food and fuel, has triggered big worries in the domestic food industry over whether the industry will able to survive and pass the turbulence.

Govt to sell half of oil stockpile to add revenue

Ika KrismantariThe government plans to sell half of its stockpile of 14 million barrels of crude oil this year to increase revenues to compensate for oil subsidy demands amid rising oil prices.Energy and mineral resources Minister Purnomo Yusgiantoro said Tuesday the government would sell 30,000...

New BPMigas chief vows efficiency, transparency

The new chairman of BPMigas, the country's upstream oil and gas regulator, pledged Tuesday to promote efficiency and transparency in the powerful agency.Speaking at his inauguration, R. Priyono said the agency would cut bureaucratic processes oil and gas companies must undergo to obtain exploration...

Indonesia must adopt new 'clean coal' to halt global warming

Sylvia Darmaji, AnalystIndonesia, the world's biggest thermal coal exporter, should adopt new technologies to overcome the threat of global warming.In the wake of emerging economies, the demand for energy sources has increased over the last few years.

S'pore exploring possibilities of cooperating with Gorontalo in agriculture

Vast opportunities exist for Singapore and Indonesia's Gorontalo province to cooperate in the agricultural sector Singapore envoy says.As city-state with no hinterland, Singapore's economy has relied on trade and port sectors, Singaporean Ambassador to Indonesia Ashok Mirpuri said Wednesday.

Indonesian exports seen bouncing back in March on stronger oil, gas prices

Jakarta (ANTARA News) - Indonesian exports probably bounced back in March, after dropping slightly in February, helped by stronger oil and gas prices, economists said.Exports stood at $10.53 billion in February, down 5 percent from the all-time high of $11.09 billion hit in January, but were up 28.

Indonesia Biofuel Not Behind Environment, Food Woes

INDONESIA: May 2, 2008JAKARTA - Indonesia's biofuel sector is not a major force destroying tropical forests or squeezing out land used for food production, a senior industry official told Reuters on Wednesday.