Indonesian Political, Business & Finance News

Archive: 18 August 2008

8 articles found

McDermott Indonesia completes massive CPP project in Batam

PT McDermott Indonesia, a Batam-based engineering and construction company in the offshore oil and gas industry, has completed construction of a massive central processing platform (CPP) worth US$450 million.

Govt aims to expand tax net, cut evasion, boost revenue

Aditya Suharmoko and Alfian , The Jakarta Post , Jakarta | Mon, 08/18/2008 11:51 AM | BusinessThe government plans to be aggressive in its hunt for more taxpayers among businesses to help finance the expansive state budget proposed for next year.

CPO price hikes boost Jambi`s gross regional domestic product

Jambi (ANTARA News) - Jambi province`s gross regional domestic product in the second quarter of 2008 rose 2.8 percent to Rp9,217 billion, driven by a rise in global crude palm oil (CPO) prices.The rise in CPO prices caused the local economy particularly the processing industry to grow 5.

Govt targets unruly coal miners

Aditya Suharmoko & Nurni Sulaiman, The Jakarta Post, Jakarta, BalikpapanThe government is gearing up to punish three coal producers found to have been evading royalty payments and income tax over a six-year period, an official says.

Entrepreneurs: gov infrastructure spending not enough

The Jakarta PostThe country's business community and entrepreneurs deem the President's state address a disappointment as the state budget allocation for infrastructure is lower than expected."The allocated budget for infrastructure is only 3 percent, when the country actually needs at least 6...

Google eyes RI SMEs to boost expansion in Asia

Google is targeting Indonesia's small and medium enterprises to boost its expansion in the region.The Silicon Valley giant is providing an opportunity for Indonesian SMEs to develop their businesses and find new customers by advertising on Google Adwords, a Google product aimed at businesses with...

Govt sets lofty plans for '09 budget

Aditya Suharmoko, The Jakarta Post, JakartaThe government has set an expansive state budget for next year, calling for a higher deficit with increased spending to boost growth and reduce unemployment.President Susilo Bambang Yudhoyono on Friday presented the 2009 state budget draft to the House of...

111 Illegal Villas Facing Closure on August 29, 2008

Badung Tourism Office Promises to Enforce Closure Rule on Villas Who Fail to Meet Regulatory Requirements for Commercial Villas.(8/16/2008) The Regional Tourism office of Badung, acting on the Governor's August 29, 2008 deadline for the legalization of all commercial villas, is preparing two team...