Indonesian Political, Business & Finance News

Archive: 9 January 2009

5 articles found

Govt to implement new mining law within 6 months

The government plans to speed up the drafting of implementing regulations of the new mining law and to simplify its content.The director for mineral, coal and geothermal resources at the Energy and Mineral Resources Ministry, Bambang Setiawan, said in Jakarta on Friday the implementing regulations...

WIKA signs contract to build Rp 225 billion dam in Batam

The Jakarta Post, Jakarta State construction firm PT Wijaya Karya (WIKA) has signed a contract to build a large dam in Batam worth Rp 225 billion (around US$21 million)."We signed the contract Wednesday," finance director of the publicly listed company, Ganda Kusuma, said at the office of...

Government to Repossess Poorly Used Mining Concessions

Under regulations expected to be attached to the recently passed mining law, holders of mining rights, or KPs, including state-owned companies, may lose some of their concessions if they fail to properly develop the sites, a senior government official said on Wednesday.

Electronics Retailers Signal 20% Price Hike

Retail prices of consumer goods such as televisions and home appliances could rise by as much as 20 percent this year, as manufacturers squeezed by the weak rupiah pass higher production costs on to retailers, said the head of an organization representing the retail electronics sector.

Bakrie Bounce Back

A well-connected conglomerate avoids collapse - but exactly how is unclearBakrie pulls it offGIVEN its size and political connections, the recent turmoil surrounding Indonesia’s Bakrie group has provided a test case for whether the country can escape its crony-capitalist past and become a safer...