Indonesian Political, Business & Finance News

Archive: 28 May 2009

11 articles found

Japan remains Indonesia's top export destination

Japan absorbs the largest non-oil and gas exports from Indonesia in the first three months of this year, according to the Indonesian Statistics Bureau.The bureau reported that Indonesia's exports to Japan totaled US$2.4 billion in the period of January through March, or 12.

Govt invites private sector to invest in urban gas projects

The government is inviting the private sector to invest in the development of urban gas infrastructure projects, saying that the government has a limited budget to develop the projects."We are inviting private investors to invest in the projects, because the government budget is from the state...

Indonesia sees crisis as momentum

Aditya Suharmoko, The Jakarta Post, Jakarta Indonesia can use the global economic downturn as momentum to gain world recognition as its economy keeps on expanding while others are tumbling down, the finance ministry says.

Taiwan`s investment in Indonesia reaches US$13 billion

Jakarta (ANTARA News) - Taiwan`s investment in Indonesia until 2008 reached US$13.837 billion and the amount is still to increase in line with the country`s economic development.Director of Economic Division of Taipei Economic and Trade Office (TETO) Bennet Wen-bin Chen said here on Wednesday...

Indonesia container volumes drop, but show signs of recovery

JAKARTA, May 27 (Reuters) - Indonesia's container volumes for exports for January-May fell an estimated 10-12 percent from a year ago, while imports dropped 30 percent, an official said on Wednesday, as the economy shows signs of a turnaround.

Lawmakers urge govt to finish regulation on biofuel subsidies

The government proposes to the House of Representatives to allocate Rp 1.55 trillion (US$150.52 million) for biofuel subsidies in 2010, but lawmakers are concerned the needed regulation is not finished.The director general for oil and gas at the Energy and Mineral Resources Ministry Evita H.

Indonesia to double palm oil production by 2020

JAKARTA (AFP) - Indonesia aims to more than double its crude palm oil output to 40 million tonnes by 2020 through increased yields and more plantations, officials said Wednesday.Average oil palm plantation yields would increase from 3.5 tonnes to 4.

Biofuel Program Stalls on Poor Planning, Low Prices

The government program to blend bioethanol and biodiesel with subsidized fossil fuels has floundered on lack of preparation and falling biofuel prices and won’t meet its target production level before at least 2011, an official said.

Trade Ministry Plan Would Require CPO Producers to Supply Local Market

On the heels of the recent announcement of a controversial tax on palm oil exports from the Trade Ministry comes another plan. This time, Fahmi Idris, head of the Industry Ministry, is proposing that the government implement a domestic market obligation (DMO) on crude palm oil producers to force...

Jakarta Container Terminal Launches New Facility

TEMPO Interactive, Jakarta: Jakarta International Container Terminal launched its new facilities on Wednesday (27/5) worth around US 30 million. The Indonesia's largest container facility in North Jakarta operates new container loading equipments, new control tower and technology, and expanded its...

Government Scrambles to Fill Excel’s Palapa Ring Gap

Fill Excel’s Palapa Ring