Indonesian Political, Business & Finance News

Archive: 23 May 2008

6 articles found

Soekarno-Hatta's Terminal 3 operational in December

Terminal 3 of the Soekarno-Hatta International Airport will be operational in December, president director of state-owned airport operator PT Angkasa Pura II Edie Haryoto said Thursday."The new terminal will be able to handle four million people, increasing the airport's capacity to 22 million...

Sorghum as alternative food staple

Indonesia is likely to cultivate sorghum as an alternative food staple to wheat as many factors hinder the latter's local production, a food expert says."Since wheat is a subtropical plant, we need to focus first on cultivating a tropical breed," said Listyani Wijayanti, from the State Ministry of...

President ready to risk popularity for the economy

Presidential spokesman Andi Mallarangeng said President Susilo Bambang Yudhoyono was ready to lose popularity over his plan to raise subsidized fuel prices to preserve the economy."The president realizes that raising fuel prices carries a political risk.

Indonesia awards five oil-and-gas contracts

Jakarta (ANTARA News) - Indonesia has awarded five oil and gas exploration and development contracts to four companies including Italy's ENI, the energy ministry said Friday.ENI Indonesia Ltd. was awarded the contract for a block in West Timor, ministry oil and gas director general Luluk Sumiarso...

PT Bakrie Indo eyes infrastructure projects valued at US$5 bln

Jakarta (ANTARA News/Asia Pulse) - PT Bakrie Indo Infrastructure said it hopes to win more infrastructure projects, mainly power generating projects, worth US$5 billion until 2013.The target does not include three projects worth US$2.

Indonesia monorail scheme `implausable`: World Bank

Jakarta (ANTARA News) - A long-delayed plan to privately fund a monorail to ease congestion in Indonesia's traffic-choked capital is "completely implausible", the World Bank said here Friday.The plan to build the 27-kilometre (17 miles) network entirely with private sector money would be...