Indonesian Political, Business & Finance News

Archive: 30 June 2008

5 articles found

Poultry businesses going bankrupt

Many Papuans of my aquiantance blame the inter-island chickens for certain health problems the province is suffering. They'd have you believe it's a plot.

Harvey Nichols, Domino's Pizza to hit Indonesia

Domino's was already here once before the crisis, had a location near Tivoli's the Italian restaurant on Kemang Raya, think they closed in the last 3 or 4 years.

Harvey Nichols, Domino's Pizza to hit Indonesia

The country's leading retail-marketer for lifestyle brands, PT Mitra Adiperkasa (MAP), will bring London's premier fashion store Harvey Nichols and U.S.-based Domino's Pizza to Jakarta. Company vice president Virendra Prakash Sharma said the two new stores were part of the company's plan to expand by 122 stores by the end of the year. MAP opened 23 new stores in the January to May period, and had 692 stores in operation as of the end of last month.

Poultry businesses going bankrupt

Scores of poultry businesses in Jayapura are on the brink of bankruptcy due to low chicken prices, high animal feed prices and competition from other regions. "We've been forced to leave our hatches empty since April due to the poor sale prices," said Julianti, owner of Bunga Tani poultry firm. "We cannot make profits as the sale price is still set at Rp 23,000 (US$2.55) each," she said.

Indonesia to post wider trade surplus in May as exports rebound - economists

Jakarta (ANTARA News) - Indonesia is expected to report a wider trade surplus in May compared to April as crude palm oil (CPO) exports recovered after falling sharply in the previous month, economists said. Six out of seven economists polled by Thomson Financial are expecting a trade surplus of from $1.88 billion to $2.74 billion, compared with a surplus of $1.59 billion in April. In March, the trade surplus was $3.99 billion.