Indonesian Political, Business & Finance News

Archive: 15 July 2008

13 articles found

Indonesia to launch palm-biodiesel in September

There go the Orang Utans. Poor bleeders.

Climate, demand boost coffee exports

The Jakarta Post, Takengon, Nangroe Aceh Darussalam Abundant harvests and soaring demand from non-traditional coffee importers propelled Indonesia's coffee bean exports during the first half of the year, allowing the country to cash in on the high global price of the commodity.

Tax office intensifying tax collection Aditya Suharmoko , The Jakarta Post , Jakarta | Tue, 07/15/2008 10:36 AM

Aditya Suharmoko, The Jakarta Post, JakartaThe tax office remains confident of achieving its full-year tax target, despite collecting only 42 percent of the figure in the first half of the year, or Rp 265.18 trillion (US$28.82 billion).

Tax office intensifying tax collection

Aditya Suharmoko, The Jakarta Post, JakartaThe tax office remains confident of achieving its full-year tax target, despite collecting only 42 percent of the figure in the first half of the year, or Rp 265.18 trillion (US$28.82 billion).

Semester 1 investment grows 56.2 percent Novia D. Rulistia , The Jakarta Post , Jakarta | Tue, 07/15/2008 10:3

Novia D. Rulistia, The Jakarta Post, JakartaRealized investment in Indonesia grew 56.2 percent in the year's first half compared to in the same period last year, with robust foreign investments offsetting a domestic decline, the Investment Coordinating Board (BKPM) says.

Semester 1 investment grows 56.2 percent

Novia D. Rulistia, The Jakarta Post, JakartaRealized investment in Indonesia grew 56.2 percent in the year's first half compared to in the same period last year, with robust foreign investments offsetting a domestic decline, the Investment Coordinating Board (BKPM) says.

Local govts may levy environment tax on businesses

Local governments may soon tax industries found to be causing environmental damage, a ministry official says.Budi Sitepu, Finance Ministry director of regional tax and retribution, said the tax would amount to 0.

Indonesia to launch palm-biodiesel in September

The world's biggest palm oil producer is aiming to make mandatory the use of a 2.5% blend of biodiesel by September this year, the chairman of the National Biodiesel Development Team said, Reuters reported.

Shell plans to build storage tanks by 1Q 2009

Royal Dutch Shell Plc plans to build its first terminal and six tanks in Indonesia to store fuels imported to meet the country's rising demand, a company spokeswoman said, Dow Jones reported.Three of the 5,000-kilolitre tanks in Gresik, East Java, are expected to be ready by the first quarter of...

Kawan Lama sells 10% stake in Ace Hardware

PT Kawan Lama Sejahtera, the majority shareholder of PT Ace Hardware, said it has sold a 10% stake in the company to the investing public, Asia Pulse reported.Kawan Lama Director Hartanto Djasman said his company retains 59.97% in Ace Hardware. This year Ace Hardware is set to chalk up Rp1.

Hexindo posts 120% jump in H1 heavy equipment sales

Sales by heavy equipment sales agent PT Hexindo Adiperkasa shot up 120% to 1,100 units in the first half of 2008 from the same period last year, Asia Pulse reported.Excavators of 10-30 tons contributed 90% of sales with big machines of 120-800 tons accounting for the rest; Investor Daily quoted a...

Aceh Hopes growth triangle can bring investment

A business forum of the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) will be meaningful for the people of Nanggroe Aceh Darussalam (NAD) if the initiators of the forum can persuade businessmen to invest in the province, Asia Pulse reported.

Indonesian new car sales could revisit record levels this year

From what I understand there is a gentlemen or 2 well connected with the D P R that get cash from unexplained sources, buy expensive CBU cars and then 1 or 2 months later put them back up for sale thus washing said funds, am told funds invested in these cars reach 17 to 20 billion IDR each month....