Indonesian Political, Business & Finance News

Archive: 8 June 2008

7 articles found

RI, India to finalize talks on economic cooperation accord in August

Jakarta (ANTARA News) - Indonesia and India are expected to finalize talks for conclusion of a comprehensive economic cooperation agreement in August, an envoy said."It is being drafted. We hope in one month`s time there will be a meeting to that effect.

Wood certification ups market access

Hyginus Hardoyo, The Jakarta Post, Jakarta Indonesian wooden furniture producers verified under third-party sustainable forest or legal logging licenses are guaranteed better access to the international market, a discussion revealed Wednesday.

Govt`s tax receipts up 47.63 percent

Jakarta (ANTARA News) - Taxation Director General Darmin Nasution said the government`s tax receipts in the first five months of 2008 increased 47.63 percent to Rp217.3 trillion from Rp147.2 trillion in the same period a year earlier.

Indonesian govt to launch 2nd crash program to generate power

Jakarta (ANTARA News/Asia Pulse) - The Indonesian government plans to launch another crash program to build power plants with a total investment of Rp100 trillion (US$11 billion) after the completion of the first program.

Property developer BSD eyes Rp 1.5t sales

JAKARTA: PT Bumi Serpong Damai (BSD), developer of the popular satellite city complex southwest of Jakarta, expects to seal Rp 1.5 trillion (US$163 million) in sales revenue this year on the back of stronger property demand.

Chevron, Medco to tap RI geothermal potential

Seventeen companies, including U.S. oil giant Chevron and the nation's second largest oil producer Medco Energi Internasional, have tabled bids to develop geothermal projects in West Java, an official says.

Non-performing Loans Reach 50 percent

Friday, 06 June, 2008 | 14:29 WIBTEMPO Interactive, Jakarta: The head of the Industrial-Trading & Cooperating Agency (Disperindagkop) for Banyuwangi, I Nyoman Wirayatsa, said non-performing loans of small-to medium- sized firms and enterprises reached an average of 50 percent in 2003 to 2008.