Archive: 1 July 2008
20 articles found
Tue, 01 Jul 2008, 16:05 WIB
Faced with tough choices, consumers vote with their stomachs
A special poll was conducted in April by Roy Morgan Research to understand the views of people around Jakarta on issues relating to the increasing price of fuel, energy and commodities. As many as 2,010 respondents of 14 years of age and older were asked what would impact more greatly on the lives of their families: the rising prices of commodities, fuel or electricity. The overwhelming response was the price of commodities, with 74 percent of respondents ranking it their number one concern.
Tue, 01 Jul 2008, 16:04 WIB
Rail investors call on government to clear the way
New railway routes are key to boosting efficiency and reducing distribution costs for local developing businesses, but progress has been hampered by land-clearance issues, business players say. "With trains, we will know when our goods will arrive.
Tue, 01 Jul 2008, 16:03 WIB
Govt to limit reimbursable items under cost recovery scheme
Aditya Suharmoko , The Jakarta Post , Jakarta | Tue, 07/01/2008 10:25 AM | Headlines The government is wrapping up a new regulation that will eliminate 17 expenses that oil and gas contractors can currently claim for reimbursement under the cost recovery scheme, a minister says. Under the scheme, oil and gas operators can claim expenses related to exploration activities once their blocks are in operation.
Tue, 01 Jul 2008, 16:02 WIB
Indonesia inflation accelerates further in June, led by higher transport costs
Jakarta (ANTARA News) - Indonesia's annual inflation in June accelerated to its fastest pace since September 2006, driven by higher transportation costs after the government hiked subsidised fuel prices the month before, the Central Bureau of Statistics said Tuesday. The consumer price index (CPI) in June was up 2.46 percent from May and was up 11.03 percent from a year ago, said Ali Rosidi, a deputy chairman of the Central Bureau of Statistics.
Tue, 01 Jul 2008, 16:01 WIB
Govt. plans 10% mandatory biofuel mix by 2010
Indonesia plans to start its mandatory biofuel blending program in September with a 2.5% mix of either bioethanol or biodiesel, a senior industry executive said, Dow Jones reported. The blend will gradually be raised to 10% by 2010 in a bid to reduce reliance on fossil fuels, said Erwin Duma, biofuel business development manager of PT Molindo Raya Industrial. Many ethanol plants are being built to meet the targeted production capacity of 4 million kiloliters of bioethanol by 2010.
Tue, 01 Jul 2008, 15:59 WIB
Oil palm plantation to be turned back into forest
The government said it has decided to turn 42,000 hectares of oil palm plantation into forests in Padanglawas, North Sumatra, Asia Pulse reported. The plantation was built on a protected forest land by PT Torus Ganda, owned by Darianus Longguk Sitorus, now serving eight years in jail. The license of the company over the land has been revoked, M. Fauzi, an expert staff of the forestry minister was quoted as saying by the newspaper Bisnis Indonesia.
Tue, 01 Jul 2008, 15:59 WIB
Govt. to expand plantation forests
The government will speed up the development of plantation forests (HTI) in a bid to increase the country's export capacity for pulp, an official of the forestry ministry said, quoted by Asia Pulse Next year, the government targets expansion of HTI by 9 million hectares and by 15 million hectares in 2012, HTI Director Bejo Santosa said.
Tue, 01 Jul 2008, 15:58 WIB
Essar commissions steel service center
India's Essar Group on Wednesday said its PT Essar steel plant in Indonesia has commissioned a $15 million advanced service center at the firm's cold rolling complex near Jakarta, Asia Pulse reported. The new center, which will have an annual capacity of 300,000 tons, will process hot rolled, pickled, cold rolled and coated steel products, a statement from Essar said.
Tue, 01 Jul 2008, 15:56 WIB
Qatar interest in tire industry
A group of investors from Qatar led by Qatar Islamic Bank wants to invest in the tire industry in the country, said Alwi Shihab, the special presidential envoy for the Middle East, Asia Pulse reported. Shihab said the investors want to invest in Indonesia as 50% of the Middle East's tire requirement has been supplied by Indonesia.
Tue, 01 Jul 2008, 15:56 WIB
Energizer to relocate plant to Indonesia
US-based Energizer Holdings Inc. plans to relocate its plant from Singapore to Indonesia where demand for batteries has risen by as much as 10% a year, Investor Daily Indonesia quoted an industry ministry official and a company spokesman as saying, Bloomberg reported. Energizer will make Indonesia its production base for the Southeast Asian region, the newspaper said, citing Budi Dharmadi, the ministry's Director General for Transportation.
Tue, 01 Jul 2008, 15:55 WIB
AcelorMittal given two licenses: Lutfi
London-based AcelorMittal, the world's largest steelmaker, has been granted two licenses for operations, says M. Lutfi, the head of Indonesia's Investment Coordination Board (BKPM). He told a luncheon hosted by foreign journalists on Wednesday that the company had been granted licenses for operations in East Java and Batam.
Tue, 01 Jul 2008, 15:20 WIB
Govt. proposes to cut tax rate on dividends
The government plans to lower the tax rate on dividends to 15% from 20% in an effort to improve the investment climate and encourage the development of financial markets, the tax chief said, reported Reuters. The government is keen to develop the country's young financial market by improving regulations and providing tax incentives for people still wary of investing in the stock market.
Tue, 01 Jul 2008, 15:19 WIB
Govt. sets deadline for tax evaders
The government will fine unregistered taxpayers 20% of their total taxes if they fail to register by the end of this year, as part of efforts to increase tax collections, a legislator said, quoted by Reuters Indonesia has a population of 230 million, but only four million people are on the tax register and just one third of those actually pay tax.
Tue, 01 Jul 2008, 15:18 WIB
Credit expands despite slowdown
An economic slowdown has not put a brake on credit expansion, according to a central banker, with total outstanding credits up by 33%. In the year ending June 30, banks disbursed Rp284.29 trillion ($31 billion), increasing the total figure for disbursements to Rp1,145.7 trillion, Asia Pulse reported Bank Indonesia deputy governor Muliaman D Hadad as telling Investor Daily. Hadad attributed the increase to active development of the infrastructure, plantation and manufacturing sectors.
Tue, 01 Jul 2008, 13:29 WIB
Harvey Nichols, Domino's Pizza to hit Indonesia
PaHe Gourmet Wrap yang tidak pedas, baby!
Tue, 01 Jul 2008, 12:59 WIB
Harvey Nichols, Domino's Pizza to hit Indonesia
Try a 'pizza hut' pizza from papa cafe jalan jaksa...other 'bad' pizza will quickly be put into perspective. If you have a little room left, drop by McDs for a gourmet wrap
Tue, 01 Jul 2008, 12:45 WIB
Harvey Nichols, Domino's Pizza to hit Indonesia
Death to Dominos! Horrible, raw-dough gummy shite... Looks like a round patch of menses.
Tue, 01 Jul 2008, 12:09 WIB
Poultry businesses going bankrupt
Originally Posted By: kenyeung Originally Posted By: Polisi Cepek Many Papuans of my aquiantance blame the inter-island chickens for certain health problems the province is suffering. Sounds like a form of "Canareal Disease" called Chirpies. It is tweetable. NFOMPL = Nearly fell off my perch laughing
Tue, 01 Jul 2008, 04:25 WIB
Poultry businesses going bankrupt
Originally Posted By: Polisi Cepek Many Papuans of my aquiantance blame the inter-island chickens for certain health problems the province is suffering. Sounds like a form of "Canareal Disease" called Chirpies. It is tweetable.
Tue, 01 Jul 2008, 00:25 WIB
Poultry businesses going bankrupt
Originally Posted By: Polisi Cepek 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. clearly foul play