Indonesian Political, Business & Finance News

Archive: 28 June 2009

6 articles found

Gresik forecasts poor year, upturn by 2011

Despite the government stimulus program and some signs of recovery on the horizon, the state-owned cement company PT Semen Gresik says that the cement industry would continue to suffer a decline this year, with full recovery by 2011. "Semen Gresik predicted that this year the national sales volume of cement would be less than last year's sales volume, said President Director Dwi Soetjipto on Friday.

Bali Artistic Leader Calls for a Stop on Condotels

Quote: I have getting tired of having to pay for my sex. One way of putting it.

Bali Artistic Leader Calls for a Stop on Condotels

"creating an environment conducive to the excesses of modern life, such as free-sex and the use of narcotics." Where d i sign up? I have getting tired of having to pay for my sex.

Bali Artistic Leader Calls for a Stop on Condotels

Nyoman Gunarsa Says Condotels Threaten Balinese Culture. Bali News: Bali Artistic Leader Calls for a Stop on Condotels (6/27/2009) One of Bali's most famous artists and art curators, Nyoman Gunarsa, views the recent surge of "Condominium Hotels (Condotels)" as a detriment that does more harm than good for Bali. According to Gunarsa quoted in Denpost, tourist staying in fully equipped apartments will adopt a lifestyle of a local, providing minimum economic benefit to Bali.

Film makers to get tax break

The local film industry will soon benefit from new tax exemptions, now proposed by the culture and tourism ministry, to help local film production. Minister Jero Wacik told reporters at the Indonesian Creative Products Week on Friday that he had received verbal approval on help for the local film industry from finance minister Sri Mulyani Indrawati. "We've presented her with our ministry's proposal to free the film producers from the tax.

Big shift in export destinations on horizon

Government plans to shift exports from faltering traditional markets to new non-traditional markets to sustain export growth despite weakening global demand may be on track, a senior official says. Deputy to coordinating minister for the economy, in charge of industry and trade, Edy Putra Irawady, said the latest export figures indicate that half of the country's exports would shift to new markets by the end of the year.