Indonesian Political, Business & Finance News

Archive: 2 September 2010

8 articles found

General Motors May Reopen Indonesia Plant, Asia Chief Lee Says

Sept. 2 (Bloomberg) -- General Motors Co., the largest U.S. automaker may spend $150 million to restart a plant in Indonesia that has been closed for about five years, said Tim Lee, the company’s president for international operations. A decision on whether to reopen the plant, which could initially produce 50,000 vehicles a year, will be made within 90 days, Lee said today at a briefing in Bangkok. The plant would make multi-purpose vehicles, he said.

Is Bali overexploited?

The answer to the above question is a resounding yes. Yes, Bali is definitely, and badly, overexploited. One has only to glance at the data below to be convinced that this is the current state of affairs there: Bali last year had 5.75 million foreign and domestic tourists, which is almost twice the island’s population of 3.9 million (the ideal population based on the environmental support capacity is 1.5 million).

Spend-Mad Indonesians Don’t Save Enough, Survey Says

Jakarta. Indonesian consumers, who are fueling the country’s powerful economy, are spending too much and not saving enough, according to a Citibank survey released on Wednesday. Citibank concluded that workers were not saving enough of their salaries to provide for themselves if they lost their jobs, much less for their retirement. Analysts and economists blamed “live for today” consumerism and a lack of education about financial planning.

Indonesia to Build Largest Nitrate Factory

VIVAnews - Indonesia next year will build a factory of Ammonium Nitrate Prill Plant having the largest capacity in the globe. Ammonium Nitrate Prill Plant Project Manager, Gito Waluyo, said the factory development has completed by 50 percent. "The development of Ammonium Nitrate Prill Plant is now already at 50 percent of completion," said Gito through an SMS sent to VIVAnews yesterday, September 2. The project is located in Bontang, East Kalimantan, with an area of 10 hectares.

Electricity Rate to Rise Four Years in A Row

VIVAnews - The Indonesian government will be increasing the electricity tariff within the next four years as an attempt to reduce the amount of subsidy being disbursed to the electricity sector. Finance Minister Agus Martowardojo said the rise will also be applied to fertilizer and fuel. "In line with the roadmap, we'll be handling subsidies for fertilizer in three years, electricity in four years, and fuel in five years," said Agus today, September 2.

Number of Internet users in Indonesia increases rapidly

JAKARTA, Sept. 1 (Xinhua) -- The increase of Internet users in Indonesia triggers growth of technology companies as the users need Asymmetric Digital Subscriber Line (ADSL), 3G, computers and wireless equipments to access Internet, an official told Xinhua in exclusive interview on Wednesday. Estella Tan, sales director of D-Link International Pte.

RI's imports up 7.32 pct in July

Jakarta (ANTARA News) - Indonesia`s imports in July reached US$12.62 billion, up 7.32 percent from a month earlier, helped chiefly by a rise in non-oil/non-gas imports, the Central Statistics Agency (BPS) said. Non-oil/non-gas imports rose 12.2 percent to US$10.51 billion from the month before, BPS Deputy Chief for Statistics Subagio Dwijosumono said here on Wednesday.

China largest supplier of non-oil imported products

Jakarta (ANTARA News) - China was the largest supplier of non-oil/gas imported products to Indonesia in July, the Central Bureau of Statistics (BPS) said. "The biggest non-oil/gas imports are from China worth US$1.92 billion or 18.28 percent of the country`s total imports," BPS`s head of statistics, Subagio Dwijosumono, said when presenting official statistical data here on Wednesday. China has also been the country`s main supplier of non-oil/gas products from January to July, he said.