Indonesian Political, Business & Finance News

Archive: 23 July 2009

6 articles found

Bombings, business and the future of Indonesia

I think this time, it's gonna take much a long time for Jkt, Indonesia to recover from this. I mean, the image in foreigners' eyes.I hope no more terrors happen

Govt. hopes to produce cheap cars in 2012

The government will launch a program to produce low-cost cars in the next two years, the Industry Ministry said, Asia Pulse reported.The national cars will come in two levels - one with prices from Rp60 million ($6,000) to Rp70 million and another at Rp40 million to Rp50 million, said Director...

US explores Indonesia train revitalization project

The US government is exploring chances to assist in the revitalization of Indonesia's trains with a $20 billion 10-year loan to run from 2010 to 2020, an official was quoted as saying on Tuesday, Xinhua reported.

Direct investment forecast to grow 7.1% in 2010

The government predicted the country's direct investments would grow 7.1% next year, lower than this year's prediction of 7.4% and 11.8% in 2008, Asia Pulse reported on Friday.The value of direct investment should be able to expand by at least 10% but it would be difficult with the global economic...

Bombings have little impact on economy: Analysts

The latest bombings at the Ritz Carlton and JW Marriott hotels in Jakarta that killed at least nine people will have little impact on the country's economic recovery, analysts said on Friday, Channel News Asia reported.

Attacks rattle expats, foreign firms heighten security

Most foreign businesses in Jakarta will step up security measures following Friday's twin blasts, but few will consider quitting Indonesia's growing economy, business chiefs say, The Age reported."This country is powering ahead.