Indonesian Political, Business & Finance News

Archive: 12 February 2010

11 articles found

Indonesia Issues Regulations To Allow Mining Licensing -Official

JAKARTA -(Dow Jones)- Indonesia has issued two regulations that will allow investors to start applying for mining permits and for the government to tender mining areas under the Mining Law passed in December 2008, a government official said Friday.

Indonesia Gives Tax Incentives For Renewable Energy Investment

JAKARTA -(Dow Jones)- Indonesia introduced tax incentives to attract investment in renewable energy as the former member of the Organization of Petroleum Exporting Countries seeks to reduce reliance on fossil fuels, the Finance Ministry said Friday.

Sriboga threatens to relocate to Australia

Flour producer PT Sriboga Raturaya has threatened the government that it may relocate to Australia because of a prolonged decision to impose punitive tariffs on Turkey flour despite the completion of dumping investigations.

Indonesia’s old guard stalls Yudhoyono’s reforms

Susilo Bambang Yudhoyono, the Indonesian leader, should be riding high after victories for himself and his party in last year’s presidential and legislative elections and sustained economic growth through the global financial crisis.

‘Bureaucracy’ Behind Indonesian Police Closure ITM Coal Mine in Kalimantan

Indonesian police have temporarily shut down the Jorong coal mine in South Kalimantan, which is owned by PT Indo Tambangraya Megah, the country’s fourth-biggest coal miner, since late last week because it does not have a valid permit.

PT Subsea Services Indonesia Open for Business in SE Asia

The parent company of Offshore Joint Services (OJS), Subsea Services International, has formed a new Indonesian subsidiary. The new company, PT Subsea Services Indonesia will house OJS's operations in Indonesia as well as those of other future group companies.

Turkey is Potential Export Market

TEMPO Interactive, Jakarta:Aip Syarifudin, the Turkish Indonesian Trade Associations (TITA) co-chairman, said the export potential for Indonesia’s oil and gas as well as non-oil and gas industry to Turkey is open wide.

The half-baked policies

The promulgation of government regulations on the security of coal and natural gas supplies for domestic needs was one of the programs on the agenda for the administration’s first 100 days in office - which ended late last month. The program was carried out well.

Jamsostek Plans to Give Indonesia ‘Workers Bank’ With New Unit

Social security provider PT Jaminan Sosial Tenaga Kerja said on Thursday that it plans to transform a Shariah unit of PT Bank Bukopin into a bank catering to its 8.4 million members after its acquisition of a majority stake in the bank is completed this year.

External Factors Seen as Threats to Indonesia's GDP Growth

External factors still pose a threat to growth despite the country’s robust economic performance through the global downturn, Finance Minister Sri Mulyani Indrawati warned on Thursday. Sri Mulyani said the government had no immediate plans to revise its 5.5 percent growth forecast for this year.

Stop-Gap Measure to Provide Indonesia With Electricity

State electricity company PT Perusahaan Listrik Negara will rent hundreds of diesel and oil-powered electricity generators to alleviate power shortages in some outlying provinces. Renting the generators was an “emergency measure” to help quickly resolve the shortages, PLN president director...