Indonesian Political, Business & Finance News

Archive: 21 November 2010

6 articles found

Airlines Want Government to Limit Air Deregulation

TEMPO Interactive, Jakarta:Domestic airline operators are demanding that the government limit air liberalization, which will be in line with ASEAN Open Sky in 2015. The concern is that liberalization will have a negative impact on the national aviation industry. According to PT Sriwijaya Air Commercial Director, Toto Nursatyo, limits must be applied, for example, in the exchange of traffic rights.

Electronic good imports increase sharply

Jakarta (ANTARA News) - Indonesia`s imports of electronic goods in the January - October 2010 period sharply increased to US$3.2 billion compared with that in the same period in 2009 which stood at US$1.8 billion, a deputy minister said. Deputy Minister of Trade Mahendra Siregar said here on Friday that the good economic growth and increase in per capita income of the people had impact on the increasing demand for electronic goods.

Indonesia govt hopes capital inflows to help country`s economy

Jakarta (ANTARA News) - Indonesia hopes the current foreign capital inflows could be used to help the country`s economy. "The government welcomes the capital inflows to Indonesia and we will direct them to productive sectors to help grow the economy," Finance Minister Agus Martowardoyo said here on Friday. He said the government hoped the funds that came into the country were not speculative but mid-and long-term funds.

Lippo Group exploring investment possibilities in Maluku

Ambon, Maluku (ANTARA News) - One of Indonesia`s conglomerates, Lippo Group, is exploring investment possibilities in various fields in Maluku, a provincial investment official said.

Mt Merapi eruptions cause huge economic losses

Yogyakarta (ANTARA News) - The fatal eruptions of Mount Merapi have claimed several hundreds of lives and crippled the people`s economy in the volcanic disaster-hit areas. The Mount Merapi`s deadly eruptions that occurred on October 26 and November 5 were expected to have caused economic losses with total worth of Rp3.4 trillion in Sleman district, Yogyakarta Province.

Russian investment in RI projected to reach US$7 billion

Jakarta (ANTARA News) - Russian investment in Indonesia may increase to five to seven billion US dollars in the years to come, Russian ambassador to Indonesia Alexander Ivanov said here on Friday. He said Russia`s total investment in Indonesia was at present recorded at more than US$1 billion. "Our investment value in Indonesia has the potential to increase to five to seven billion US dollars," he said.