Indonesian Political, Business & Finance News

Archive: 10 February 2009

11 articles found

Seminar in Taipei to focus on investment opportunities in Indonesia

Taipei, Feb. 10 (CNA) The Taipei-based Chinese National Association of Industry and Commerce will hold a seminar Wednesday to allow Taiwanese entrepreneurs to familiarize themselves with investment opportunities in Indonesia.The seminar is scheduled to take place from 2 p.m. to 4:30 p.m.

RI may prefer lead role in oil, gas: Kalla

Aditya Suharmoko , THE JAKARTA POST , THE HAGUE Indonesia will gradually improve the roles of local energy companies and will not let foreign firms control the country’s energy resources, Vice President Jusuf Kalla says.

Singapore Temasek loses $39 billion in 8 months

The Jakarta Post | Tue, 02/10/2009 5:11 PM | BusinessSingapore state investment company Temasek says it lost about US$39 billion, or 31 percent of its holdings, in eight months last year as big bets in the financial sector went sour.

Loan defaults ring alarm bells

Soaring loan defaults in some economic sectors has raised questions over the severity of the impact of the global economic crisis on Indonesia.While Bank Indonesia insists that last year's nonperforming loans (NPL) were still manageable at 4 percent - less than the BI tolerance level of 5 percent -...

Indonesia Wants Fair International Trade: VP

The Hague (ANTARA News) - Vice President Jusuf Kalla said Indonesia wanted that international trade would not be a mere free trade but also a fair one."Indonesia wants not only a free trade in the world but also a fair one because otherwise it would lead to protectionism where all countries...

Japanese tourists top list of tourist arrivals to Bali

Denpasar, Bali (ANTARA News) - A total of 359,827 Japanese tourists visited Bali in 2008, accounting for 18.06 percent of the total number of foreign tourists coming to the resort island that year.The number of Japanese tourists visiting Bali last year represented a 2.

President calls for speedy completion of new power plants

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono called on state-owned electricity company PLN to speed up the construction of new power plants to reduce the number of regions facing electricity shortages and to overcome outages.

Ports Wallow In Dry Dock as Exporters Suffer

The country’s notoriously inefficient and corrupt ports, and their grossly inadequate infrastructure, are further exacerbating the problems of exporters struggling to cope with the effects of the economic crisis, the head of the country’s association of exporters said.

Kadin Says US Stimulus Plan Will Have Minor Impact on Indonesian Exports

The proposed US government stimulus package, which includes some measures that may limit trade, is not expected to have a major impact on Indonesian exports, Sofyan Wanandi, deputy advisory chairman of the Indonesian Chamber of Commerce and Industry, or Kadin, said on Monday.

SMBs set to dominate Indonesia Growing

SMBs set to dominate IndonesiaGrowing number of private enterprises and SMBs due to the collaboration of financial institution, governmentDUBLIN, IRELAND: Research and Markets has announced the addition of the "IT Market in Indonesia" report to their offering.

House Rejects Demand to Raise Biofuel Subsidies

The House of Representatives on Monday rejected a government proposal to raise subsidies for the development of biofuels from an initial plan of Rp 774.47 billion ($66.6 million) to Rp 831.42 billion, arguing that it was irrational.