Indonesian Political, Business & Finance News

Archive: 5 August 2008

6 articles found

BP-MIGAS warns oil output to finish in 10 years' time

Oil watchdog BPMIGAS warned that the country's dwindling oil reserves could be exhausted in 10 years' time if no new reserves are found, Reuters reported.Indonesia has struggled to develop its rich energy resources, turning into a net importer of crude oil in recent years.

Telkomsel's customer base increases to 55 million

Indonesia's largest cellular operator PT Telkomsel disclosed that its customer base had increased to a total of 55 million numbers as of end of July from 48 million by the end of last year, Antara reported.

Govt. to streamline regional taxation

The central government and the House of Representatives are amending the 2000 Law on Regional Tax and Retribution in an effort to prevent regions from enacting selfish bylaws, The Jakarta Post reported.

Better inflation on July

Although inflation rate in July showed an improvement against the June’s inflation, analyst says that inflation could be further down if the government works harder to improve some factors that affect the supply and demand process.

RI, Malaysia discussing CPO pricing scheme

Sukabumi, W Java (ANTARA News) - Indonesia and Malaysia are holding talks to set up a crude palm oil (CPO) pricing scheme as means to prevent prices from fluctuating in the world market, Indonesian Minister of Agriculture Anton Apriantono said.

Sugar Palm to be Gasoline

If I remember correctly I believe 85% of the cars in Brazil run on ethanol made from sugar cane and it is not like corn where the States spends more energy through the process to make ethanol from corn than what they receive back from the finished product.