Indonesian Political, Business & Finance News

Archive: 31 December 2009

8 articles found

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

Silky smooth as always. Now button it.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

You just haven't cottoned on to bespoke humour.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

Mercy./me slits wrists.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

Ruining the very fabric of society.

Indonesia's Textile Industry Ripped by Global Crisis and China Free-Trade Deal

The nation’s textile industry has been dealt a double blow by the global economic slowdown and the imminent Asean free-trade agreement with China, with more than half of the manufacturers here turning into mere trading houses and 155 producers going out of business in 2009.

Cepu’s Promise Buried in Bureaucracy

Cepu, Indonesia’s largest oil block, is the nation’s best hope for lifting its sagging crude production, which has fallen to less than one million barrels per day. But the ongoing drive to reach peak output of 165,000 bpd at Cepu had been anything but smooth this year, with bureaucratic tangles...

Deal Seems Unlikely for Emaar Lombok Project

Government officials on Wednesday appeared to distance themselves from Dubai-based Emaar Properties’ $600 million mega-resort project in Lombok, ahead of today’s deadline to finalize the deal.“It’s better to call Emaar directly, I’m sorry,” Alwi Shihab, the special presidential envoy to...

Indonesian Energy Sector Investment Hamstrung by Crisis in 2009

Indonesia, Southeast Asia’s biggest oil producer, has failed to meet its investment target for the oil and gas sector because contractors cut spending as the economic slowdown brought record-high crude prices crashing down and reduced energy demand, upstream energy regulator BPMigas announced on...