Indonesian Political, Business & Finance News

Archive: 28 December 2010

5 articles found

Domestic, Foreign Investors Bullish on Indonesian Property Market

Jakarta’s fast-changing skyline is a testament to the re-emergence of the property sector. Across the board, it is poised to continue its strong showing in 2011. Property analysts such as Anton Sitorus, senior manager at Jones Lang LaSalle, are bullish the sector will be among the 10 fastest-growing sectors of the economy in the coming year on the back of growing consumer demand and low interest rates.

Indonesia`s 2010 economic conditions sound: minister

Jakarta (ANTARA News) - The sound investment and export climates have contributed substantially to improving Indonesia`s economic conditions in 2010 as a whole, according to Coordinating Minister for the Economy Hatta Rajasa. "As a whole, we have done very well in the investment and export sectors. They are above all the growth targets. Our trade balance has also been quite positive," Rajasa told the media at his office here on Monday.

VP asks provincial governors to support geothermal projects

Jakarta (ANTARA News) - Vice President Boediono has called on all provincial governors to smoothen licensing for development of geothermal power plants in their regions which need to be promoted as sources of green energy. "Geothermal energy is a green energy that needs to be promoted," his spokesman, Yopie Hidayat, said quoting the vice president here on Monday after a meeting on geothermal energy led by the vice president.

2010 Review: Gayus Affair Highlights Indonesia’s Floundering Fight vs Corruption

Corruption, as it always has, dominated headlines throughout the year. But one particular case stood out among the rest, simultaneously fixating and disgusting the entire nation, as an illustration of how widely and deeply graft is ingrained into the country’s social fabric: that of 31-year-old Gayus Tambunan.

2010 in Review: Expanding Lending Drives Indonesia's Healthy Economy

Two years after the tumultuous global financial crisis, the Indonesian banking system is back on solid footing to spur lending and help boost economic growth in Southeast Asia’s largest economy. Domestic banks, including Bank Mandiri and Bank Rakyat Indonesia, are targeting the country’s infrastructure and consumer sectors to boost their earnings.