Indonesian Political, Business & Finance News

Archive: 23 June 2008

7 articles found

All Jakarta to be wi-fi by year end: Telkom

Publicly-listed telecommunication firm PT Telkom said June 15 it would connect all public places in Jakarta with wireless broadband by the end of this year. "We expect all strategic locations in Jakarta to be covered by our hotspots with a bandwidth capacity of 1 Mbps by the end of 2008," general manager of Telkom Region II Adeng Ahmad said, adding that the ambitious program was named Jakarta Cyber City.

Soybean production may rise 63% in 2009

Soybean production in Indonesia may increase 63% next year, more than previously expected, as planting increases, Bloomberg reported. The harvest may rise to 1.5 million metric tons, Agriculture Minister Anton Apriyantono, said. That compares with his January 21 estimate for production to reach 1.2 million tons from 920,000 tons this year. Indonesians consume about 2 million tons of soybeans annually.

Jan-May actual investment jumps 80.9%

Actual investment in the first five months to May surged 80.9% to Rp93.9 trillion ($10.4 billion) from Rp51.9 trillion a year ago, Bisnis Indonesia reported on Tuesday, citing Investment Coordinating Board (BKPM) chairman Muhammad Lutfi. Of the amount, actual foreign direct investment (FDI) jumped 164.1% to Rp88.02 trillion from Rp33.3 trillion in the same period last year, Thomson Financial reported.

Thousand Islands to improve transportation

The Jakarta administration is considering developing a transportation system in the Thousand Islands regency in an attempt to improve the mobility of residents there. Governor Fauzi Bowo said Sunday some improvements on water transportation needed to be made to support goods and service distribution on the islands.

Suryainti to invest US$111 mln to build new tourist resort in Bali

Jakarta (ANTARA News/Asia Pulse) - Listed property company PT Suryainti Permata (JSX:SIIP) has said it will build a tourist resort over a 20-hectare plot of land in the Pecatu area in Bali with a total investment of Rp1 trillion (US$111 million). The resort would have up to 500 cottages to be sold at a price of US$1 million to US$3 million per unit, an 18-hole golf course, a five-star hotel and other facilities, company president Henry J Gunawan said.

Adidas seeks friendly breakup with supplier

most of the shoe manufacturing contractors in indonesia are actually owned and operated by obsessive koreans, despite the companies being nominally owned by indonesians.

Adidas seeks friendly breakup with supplier

German-based footwear maker Adidas Group pledges to maintain communications with its Indonesian supplier, PT Prima Inreksa Industries, following its decision to terminate a contract with the company by the end of this year. Adidas and Prima have announced that both parties have agreed to find the best solution to address the current situation and the job security of some 6,500 workers.