Indonesian Political, Business & Finance News

Archive: 12 July 2008

2 articles found

Bio-Fuel Capacity Only 600,000 liters per Year

Friday, 11 July, 2008 | 19:19 WIB TEMPO Interactive, Jakarta:The Indonesian Bio-Fuel Association secretary-general, Paulus Tjakrawan said increasing the capacity will depend on how the bio-fuel market develops. Hence, the government will start requiring industries to use 2.5 percent bio-fuel in their production process. The producers prefer exporting bio-fuel raw material, such as crude palm oil (CPO). “The price of CPO is very attractiveinteresting,” said Paulus.

Industries asked to shift part of operation time to Saturdays, Sundays

Jakarta (ANTARA News) - Industries in Java and Bali are expected to switch part of their weekly operation time to Saturdays and Sundays to make more efficient use of electricity amid a temporary reduction in the national power supply starting next July 21, Industry Minister Fahmi Idris said. A joint decree of five ministers on the switch would be signed next week for enforcement effective July 21, he said at a function to announce the planned measure at the Industry Ministry here Friday.