Indonesian Political, Business & Finance News

Archive: 13 July 2010

8 articles found

U.S. eyes geothermal for Exim Bank's $1 bln Indonesia credit

JAKARTA (Reuters) - Part of a $1 billion credit facility backed by the Export-Import Bank of the United States (Exim Bank) for Indonesia should be used to help develop clean energy projects such as geothermal power, a senior U.S. official said on Monday. The U.S.

Indonesia Wants to Be Biggest Seaweed Producer

TEMPO Interactive, Jakarta:Indonesia is determined to become the world’s biggest seaweed producer with a production projected at 10 million tons by 2014. According to the Indonesian Seaweed Commission chairman, Farid Ma'ruf, seaweed has the potential to become a select commodity.

Immigration to summon sponsor of seven problematic expatriates

Palu, C Sulawesi (ANTARA News) - Immigration authorities will summon the sponsor of seven problematic expatriates arrested in a raid in the Central Sulawesi provincial capital of Palu last Sunday. "Their fate will largely depend on the sponsor," Head of the Palu Immigration Quarantine Office Yusuf...

Target of 5.8% economic growth realistic

Jakarta (ANTARA News) - The government is of the opinion that the target of 5.8 percent economic growth is realistic, although several parties say it can be higher. "We set it at 5.8 percent as realistic figure because in the first quarter of this year realization reached 5.

Investment board to handle all public-private partnership projects

Jakarta (ANTARA News) - Coordinating Minister for Economic Affairs Hatta Rajasa said all public-private partnership (PPP) invesment projects would be handled by the Capital Investment Coordinating Board (BKPM).

New Financing to Help Meet Growing Electricity Demands of Indonesian Economy

Washington DC, July 8, 2010 – The World Bank is set to help Indonesia meet its growing electricity demand and make electricity supplies in Java and south-central Sumatra more reliable, through a newly approved financing package worth US$ 225 million.

LG Eyeing Indonesia as Regional Hub?

South Korean electronics giant LG Electronics is considering making Indonesia its manufacturing hub for Southeast Asia, according to Gita Wirjawan, chairman of the Investment Coordinating Board. In an interview late on Sunday after meeting LG executives in Seoul, Gita told the Jakarta Globe that...

Industries Shocked by Steep Electricity Hikes

Manufacturers are up in arms over the recent electricity rate hikes, with some saying their rates have doubled and accusing the Energy Ministry and state utility PT Perusahaan Listrik Negara of deceiving them about the true extent of the increase.