Indonesian Political, Business & Finance News

Archive: 11 June 2010

4 articles found

IMF Puts Indonesian Growth at 6 Percent in 2010, 2011

The International Monetary Fund on Thursday forecast Indonesia’s economic growth will accelerate this year amid improving investment and said the central bank may need to adjust its monetary policy if price pressures rise. The Fund also said after meetings in Jakarta with Indonesia’s central bank and other officials that recent capital outflows from Indonesia were likely to be temporary and it saw small downside risk from the euro zone debt woes.

Foreign Hospitals to Hold Foreign Currencies

TEMPO Interactive, Jakarta:The Coordinating Minister for the Economy, Hatta Rajasa, has said that the government’s plan to let foreign investors build hospitals in Indonesia is to prevent the foreign exchange of currencies abroad. He said he hoped that Indonesians would no longer go abroad for medical treatment. The government has issued Presidential Decree 36/2010, in which there are larger opportunities for foreign investment in the health sector.

Kerinci district to build geothermal power plant

Jambi (ANTARA News) - The Kerinci district government plans to build a geothermal power plant with a capacity of 2x55 megawatts to meet rising power needs in Jambi province. "Jambi province will need 275 MW of electrical power in the next five years, almost a two-fold increase from the current peak load of 150 MW," Irmansyah Herman, the head of the Jambi provincial mining and energy office, said here on Thursday.

President: Creative economy brings in two advantages

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that creative economy could bring in two advantages at the same time, namely pro-people economic growth and reinforcement of cultural identity which would enrich concrete national identity.