Indonesian Political, Business & Finance News

Archive: 8 May 2008

5 articles found

Food firms may post lower profit due to soaring production costs

 Quote:Food company Siantar Top, which produces snacks, recorded an almost nine-fold drop in net profit during the first quarter of this year to Rp 744 million from Rp 3.02 billion in the same period last year. I do wish they could standardise a number system.

Food firms may post lower profit due to soaring production costs

Novia D. Rulistia and Rendi Akhmad Witular, The Jakarta Post, Jakarta While most publicly listed food processing companies have enjoyed hefty first-quarter profits, rising global food crop and energy prices are likely to squeeze earnings in the coming months.

Local shipping not yet ready for proposed 2011 cabotage

Stakeholders said the local shipping industry would not be ready for the implementation of the cabotage principle, scheduled for 2011, without more incentives and regulatory reforms.President director of PT Samudera Indonesia Tbk Randy Effendi said the local shipping industry might need more than...

Chinese investor to build thermal power plant in Padang

Padang, W Sumatra (ANTARA News) - State electricity company PT PLN will appoint China National Technical Import Corporation (CNTIC) to build a government-funded thermal power plant at Teluk Sirih in Padang, West Sumatra, at a cost of Rp2.5 trillion, a spokesman said.

Kalla Considers Indonesian Economy to be Not Too Bad

Wednesday, 07 May, 2008 | 13:03 WIBTEMPO Interactive, Jakarta: Vice president Jusuf Kalla has he considers that the government’s performance under President Susilo Bambang Yudhoyono and himself has not been too bad.