Indonesian Political, Business & Finance News

Archive: 23 December 2009

3 articles found

Business Competition Commission Regret Yudhoyono-Carrefour Meeting

From Jakarta Globe ‘Carrefour Did Not Lobby Yudhoyono’ by Dian Ariffahmi President Susilo Bambang Yudhoyono did not hold a special meeting with Carrefour’s chief executive during his visit to France last week, a presidential spokesman said on Tuesday. However, the Carrefour chief executive, Lars Olofsson, was among those in attendance at a meeting between the president and the French Chamber of Commerce, the spokesman said.

Indonesia to Impose 3% Export Tax On Crude Palm Oil Starting in January

Indonesia, the world’s biggest producer of crude palm oil, will impose a 3 percent tax on exports of the commodity starting in January to ensure domestic supplies. The increase, the first in six months, lifts the tax rate from zero and was based on the average price in Rotterdam exceeding $769.17 a metric ton over a four-week period, Diah Maulida, director general for foreign trade at the Trade Ministry, said on Tuesday.

Bakrie Plantation Doubles Target

TEMPO Interactive, Jakarta:PT Bakrie Sumatera Plantation has targeted next year’s revenue to double, given its plan to acquire PT Domba Mas Agro Inti. "The result of acquiring Domba Mas can contribute more to revenues,” Bakrie Plantation financial director, Harry M. Nadir, said in Jakarta yesterday. Harry expected the acquisition to be carried out in January 2010. Domba Mas is a plantation and an oleo-chemical processing company, producing 140.000 tons of fatty alcohol per year.