Indonesian Political, Business & Finance News

Archive: 16 December 2010

7 articles found

RI’s economy to grow by 6.5% in 2011

Bank Indonesia has projected Indonesia’s economy to expand by up to 6.5 percent next year, an increase from this year’s expected 6 percent or more.The deputy governor of the central bank, Hartadi A.

Labor Law not a priority: Lawmaker

The House of Representatives has dropped the plan to revise the 2003 law on labor since the government had failed to involve workers in forming the draft of revisions.The House decided to drop the bill from the priority list of the 2011 national legislative program.

Trade minister to boost bilateral trade with India

Trade Minister Mari Elka Pangestu led Wednesday a trade and business delegation to New Delhi as Indonesia and India are seeking to take their trade partnership to a new level."The goals of the mission are to follow up on a number of bilateral issues as part of efforts to improve trade between...

Indonesia's Nov motorcycle sales up 20 pct y/y

JAKARTA Dec 15 (Reuters) - Indonesia's domestic motorcycle sales, an indicator of consumer demand in Southeast Asia's biggest economy, rose 19.7 percent from a year ago to 653,842 units in November, industry data showed on Wednesday.

Target of Teakwood Production to Increase Tenfold

TEMPO Interactive, Bandung:The state-owned forestry company Perhutani has projected teakwood production coming from a 1,8 million hectare area to 10 times the size within 20 years. “We do this by replacing the existing teakwood gradually along with the Perhutani plus variety” said Haryono...

Indonesian and Taiwan Businesses Urged to Have Closer Relations

TEMPO Interactive, Jakarta:A political expert from the National Taiwan University, Chen Dong Tso, said that Indonesia does not have to fear cooperating with Taiwan. “We already signed an Economic Cooperation Framework Agreement (ECFA) with China,” he said, during the closing of a seminar on...

Business, industry welcome additional 1,000 MW power supply

Jakarta (ANTARA News) - Domestic business and industrial communities have welcomed state electricity company PLN`s ability to supply 1,000 additional Megawatts of power starting Dec 15 but said it was still not enough to meet their needs.