Indonesian Political, Business & Finance News

Archive: 12 March 2010

9 articles found

Experts Cast Doubt on Indonesia’s Targets for Geothermal Power

:soundoftheothershoedropping:

Govt may grant duty-free facility to four other industries

Jakarta (ANTARA News) - The government is looking into the possibility of granting government-borne import duties to four other industries. The industries were in the film, fishery, mining and transportation sectors, Head of the Fiscal Policy Board at the Finance Ministry Anggito Abimanyu said here...

No free trade agreement with Indonesia for now

The South-East Asian country has expressed its inability to resolve domestic opposition to the trade pact New Delhi: A proposed bilateral trade agreement between India and Indonesia has been put in cold storage as the Southeast Asian nation expressed its inability to resolve domestic opposition to...

Banks’ Plans Reveal Bullish Outlooks on Indonesian Economy, Lending Growth in 2010

In a reflection of growing optimism about the economy, domestic lenders are targeting an average increase in 2010 loan growth of 24 percent, higher than the central bank’s forecast of 17 percent to 20 percent.

Higher Power Bills Called a Threat to Indonesian Industries

Business groups on Thursday came out against the government’s plan to raise electricity rates by an average of 15 percent, arguing that the increase would hurt manufacturers as they try to cope with the recently implemented Asean-China Free Trade Agreement.

Experts Cast Doubt on Indonesia’s Targets for Geothermal Power

As Indonesia prepares to host an international conference on geothermal energy next month, experts are questioning whether the government will be able to meet its ambitious target to boost the amount of electricity generated from geothermal sources.

Chinese construction firms looking for Indonesian partners

Over 60 major Chinese firms will seek out potential Indonesian partners in the field of construction and mining through a four-day exhibition in Jakarta at the end of May. Vice chairman of China Council for the Promotion of International Trade (CCPIT) Zhang Xiaolin told reporters on Wednesday that...

DHL opens direct flight on S’pore, Balikpapan route

BALIKPAPAN: DHL Express has launched a direct flight from Singapore to Balikpapan to meet the surge in cargo transportation from the city state to East Kalimantan, a company executive said. Ahmad Mohamad, the senior technical advisor PT Birotika Semesta/DHL, said in Balikpapan on Wednesday that the...

Oil and Gas Investment Target Increased

TEMPO Interactive, Jakarta:The government is targeting investment in the oil and gas industry this year to increase US$ 15.98 trillion to reach a production target of 965,000 barrels per day. The Financial Note and draft 2010 State Budget, which have been proposed by the government to the House of...