Indonesian Political, Business & Finance News

Archive: 9 October 2009

5 articles found

Indonesia consumer confidence slips on price worries

JAKARTA, Oct 8 (Reuters) - Indonesian consumer confidence slipped in September, on concerns over rises in key prices including toll road fees and electricity tariffs, a central bank survey showed on Thursday.

Peabody Energy opens office in Indonesia

ST. LOUIS -- Coal company Peabody Energy Corp. said Thursday that it opened an Indonesian office to take advantage of coal sourcing opportunities and expand its presence in the marketplace."The Pacific markets are driving global demand for coal and are expected to achieve 5 to 10 percent...

Businesses Clamor for Currency Stability As Rupiah Continues Its Recent Surge

The recent rapid rise of the rupiah against the US dollar has drawn a mixed bag of responses from industrial players, but most of them agreed that currency stability was of paramount concern.Hidayat Triseputro, the executive director of the Indonesian Iron and Steel Industry Association, said the...

PLN Reveals $2.2b Power Plan to Link Sumatra and Java

State utility PT Perusahaan Listrik Negara plans to invest $2.2 billion in an electricity-transmission network in Sumatra, including an underwater link connecting the Sumatra and Java grids for the first time, a company official said on Thursday.

Investment in Indonesia’s Papua Province a Hard Sell

Despite the presence of heavyweight investors, many of those attending “Papua Investment Day” at the Four Seasons Hotel in Jakarta on Thursday said they didn’t expect too much to come out of the conference.