Indonesian Political, Business & Finance News

Archive: 17 June 2010

12 articles found

Finance minister: first semester growth looking good

Jakarta (ANTARA News) - Finance Minister Agus Martowardojo said the national economy was showing steady growth in the first semester this year and this was reinforcing confidence the annual growth target of 6.1 to 6.4 percent will be achieved.

Australia to explore salt farming in NTT

Jakarta (ANTARA News) - PT Cheetam Salt Ltd of Australia is exploring the possibility of opening a salt farming on a 2,100 hectare-site in Nagekeo district, East Nusa Tenggara (NTT), the company`s of chief executive officer said.

Saudi Arabia ready to invest on rice development in Indonesia

Jakarta (ANTARA News) - The Saudi government has expressed its interest in investing in the rice development sector in Indonesia, a cabinet minister said.Minister of Agriculture Suswono said here on Thursday that in order to meet its domestic need, Saudi Arabia imported one million tons of rice per...

Saudi Arabia to purchase 180 thousand tons of cooking oil

Jakarta (ANTARA News) - Saudi Arabia has agreed to purchase 180 tons of cooking oil worth Rp1.17 trillion from Indonesia, a cabinet minister said.Agriculture Minister Suswono said here on Thursday that the agreement was reached in a business matching between businesses of both nations in Jeddah...

Indonesia's business chamber to pick new chief JAKARTA

i've been a member of KADIN for years. never once have i been allowed to vote. neither do i know anyone who has ever voted for the head of the chamber of commerce. i am also still trying to figure out the function of this association.

Indonesia's business chamber to pick new chief JAKARTA

JAKARTA June 17 (Reuters) - The Indonesian Chamber of Commerce and Industry (Kadin), a vocal lobbying group that represents some of Indonesia's most powerful tycoons, will hold a leadership ballot in August.

Arab Investors Missing Indonesia's Economic Boom, Bosowa CEO Says

June 17, 2010 (Gulf Intelligence): Indonesia, which is forecast to achieve 6 percent economic growth this year, offers Middle East investors access to the biggest Islamic market and possibly greater returns than are currently available in the Gulf region, the chairman of the south-east Asian...

Indonesia Draws Fresh Looks, But Old Problems Still Remain

Foreign manufacturers are increasingly looking at setting up shop in Indonesia after sharp wage increases and labor unrest in China and political instability in Thailand. However, Indonesia’s perennial bugbears - a lack of infrastructure, too much red tape and pervasive corruption - are putting...

House Accept Additional Budget Request From Investment Board

TEMPO Interactive, Jakarta: The House of Representatives accepted additional budget request from Investment Coordinating Board for next year, which will put the new proposed budget at Rp535.7 billion or Rp100 billion higher than the previous projection.

RI, EU to boost exports and investment in five sectors

Jakarta (ANTARA News) - Indonesia and the European Union will increase communication between their businessmen to boost exports and investment to and from the two parties in five priority sectors."We wish to identify opportunities available to increase exports and attract investment,"...

Fresh water fish production value rp2.6 trillion per year

Padang, West Sumatra (ANTARA News) - Indonesia`s fresh water fish production valued Rp2.6 trillion per year, with a production area of 0.32 pct compared to sea fishery.The value is not included fresh water ornamentally fish like arwana and botia, Profressor in Fisheries Faculty of Bung Hatta...

Trade Minister: Energy problems could hurt exports

Jakarta (ANTARA News) - Trade Minister Mari Elka Pangestu said assuring energy supplies such as gas and electricity was important with regard to maintaining the competitiveness of the country`s exports.