Indonesian Political, Business & Finance News

Archive: 29 December 2009

5 articles found

Trade opens new opportunities

EditorialWe find it hard to understand why Indonesian manufacturers raised great concerns over the probable adverse impact of the ASEAN-China Free Trade Agreement only a few weeks before the accord is supposed to come into force early next month.

Regulations on free trade finalized

Ministerial regulations on full implementation of the free trade agreement between ASEAN and China (ACFTA) have been finalized, becoming effective Jan. 1 next year, the Finance Ministry said.“Several Finance Ministry regulations will be completed today,” Finance Minister Sri Mulyani Indrawati...

VP: North Sulawesi on fast track of development

Manado, N Sulawesi (ANTARA News) - Vice President Boediono said North Sulawesi province was now in the fast track of development in line with its increasing annual economic growth."North Sulawesi has made significant achievements in development in line with its geographic excellence and...

Tourist arrivals in Bali exceed target

Denpasar (ANTARA News) - The number of tourist arrivals in Bali is likely to hit a record high of 2.1 million in 2009, well above the target of 1.8 million for the year, a tourism official said."The number of tourist arrivals in the January-October 2009 period already reached 1.9 million.

Pertamina Monopoly to End Next Year

State oil and gas company PT Pertamina will for the first time lose its monopoly on the distribution of subsidized fuel after downstream oil and gas regulator BPH Migas announced on Monday that it had awarded distribution rights to two private companies, including one from Malaysia.