Indonesian Political, Business & Finance News

Archive: 11 June 2009

6 articles found

BHP Billiton to Terminate 25-Year Presence in Indonesia

It does speak volumes. Billiton got its name from Billiton island off Sumatra, since renamed Belitung. Known for tin mining, those wanker brothers Yusril and 'ron (who got voted out of the House hahahahaha), its northern beaches (owned by Tommy and a bunch of Suharto cronies) and Laskar Pelangi, a nicely made but rather simple film.

Bojonegara International Port Soon to be Operational

TEMPO Interactive, Serang:Bojonegara Trade Industrial Area and Port Project (KIPP) leader, Mulyadi announced that the Bojonegara International Port (PIB) will soon be operational. According to Mulyadi, his office has requested a special permit to the Transportation Department. “The port was tested last February for medium-size ships. An application for an operating license has been submitted,” he said yesterday.

Basofi Calls For No Malls in Madura

sounds like a business opportunity in madura. if the bureaucrats say don't do it, means it must be prospective!

Basofi Calls For No Malls in Madura

TEMPO Interactive, Surabaya:East Java’s former governor Basofi Sudirman has requested that no shopping centers be constructed in Madura Island after the launch of the Suramadu Bridge. “Malls would put traditional markets out of business,” Basofi said, attending the declaration of the East Java Community Coalition yesterday. According to Basofi, Madura must be different from other regions where many malls can be found.

Moody's raises outlook on Indonesia's sov ratings

HONG KONG, June 11 (Reuters) - Moody's changed its outlook on Indonesia's sovereign rating to 'positive' from 'stable' on Thursday, citing the country's 'strong' growth prospects given its reliance on domestic demand and its 'effective' economic policies. The outlook change for Indonesia's 'Ba3' ratings marks a rare upgrade of views for the region from a credit agency, and comes ahead of the country's presidential elections in July.

Indonesia bridge marks rare infrastructure progress

BANGKALAN, Indonesia (Reuters) - Indonesia officially opened on Wednesday its longest bridge, one of the few major infrastructure projects to be completed in Southeast Asia's biggest economy since the crisis of the late 1990s. The government of President Susilo Bambang Yudhoyono, who is seeking a second term in elections in July, has been struggling to push forward plans to overhaul Indonesia's poor network of roads, ports, airports, power supply and other infrastructure.