Indonesian Political, Business & Finance News

Archive: 17 June 2008

9 articles found

Thousand Islands to be marine tourism hub

The Jakarta city administration said Monday the government would assist in developing marine tourism in the Thousand Islands regency to help boost the local economy. Arie Budhiman, head of the Jakarta tourism agency, said the government would prioritize future development programs requested by the regency. "No specific budget figures have been mentioned yet, but the government will encourage the local administration to propose programs.

Wika steam power plant one of nine to solve energy crisis

Publicly listed state construction and engineering company PT Wijaya Karya (Wika) has begun construction of a steam power plant worth Rp 647 billion (US$69.47 million) in Tawaang Village, Manado, North Sulawesi. "We started the construction last Friday," operational director Slamet Maryono said Monday in a press conference, adding that the plant was expected to have a capacity of two-times 25 megawatts (MW), helping to overcome a power-supply shortage in the province.

Indonesian plan to restrict tin production may affect global market

Jakarta (ANTARA News) - Indonesia`s plan to restrict its tin production, if realized, will have an impact on the global tin market as research conducted by many institutions has shown global tin production is lower than demand, a tin mining executive said.

United Tractors Jan-May heavy equipment sales up 42 percent

Jakarta (ANTARA News/Thomson Financial) - PT United Tractors Tbk said on Friday it sold 1,987 heavy equipment units in the first five months of this year, up 42 percent from a year ago. United Tractors is Indonesia's biggest distributor of heavy equipment, with a market share of 45.2 percent in the first five months. It sells the Komatsu brand and also has interests in mine contracting and the coal business.

RI`s GDP may reach Rp5,275.9 trillion

Jakarta (ANTARA News) - The government and the House of Representatives (DPR) are looking into the possibility of raising the country`s gross domestic product (GDP) to Rp5,275.9 trillion by relying on exports and investments. "With the GDP reaching that amount, our per capita GDP has actually exceeded US$2,700.

Economic development not only aimed at achieving growth: president

Balikpapan, E Kalimantan (ANTARA News) - President Susilo Bambang Yudhoyono said national economic development was not only aimed at achieving growth. "Since the beginning our wish has been to achieve equal distribution, balance and fairness," the president said here on Monday, the second day of a three-day official visit in East Kalimantan since Sunday (June 15).

Orica approves development of Indonesian ammonium nitrate plant

Sydney (ANTARA News - Orica Ltd., the world's largest manufacturer of explosives used in mining and quarrying, said on Tuesday its board has approved the $550 million development of a 300,000 tonnes a year ammonium nitrate plant at Bontang in the Indonesian province of East Kalimantan. The project will supply Indonesia's growing mining industry, the Australian company was quoted by Thomson Financial as saying.

Northern Territory to send trade mission to Balikpapan Expo

Antara , Brisbane | Mon, 06/16/2008 6:21 PM | Business A 37-member trade and investment mission from the Australian state of Northern Territory will take part in the 4th mining and petroleum exhibition to be held in Balikpapan on June 19-21. The mission included representatives from 22 leading companies in the Northern Territory, the head of the information unit at the Indonesian consulate in Darwin, Arvinanto Soeriaatmadja, said on Monday.

BPN to Open On-line Service

Monday, 16 June, 2008 | 15:05 WIB TEMPO Interactive, Jakarta: Head of the National Land Agency (BPN), Joyo Winoto, has said that BPN has prepared on-line service programs including registration for land certificates. “This is to speed up the land certification process,” he said during a meeting with the Governance Commission at the House of Representative (DPR), today (16/6). He explained it was planned that the on-line services will be opened ln October 2008.