Indonesian Political, Business & Finance News

Archive: 29 September 2010

6 articles found

World Bank: Indonesia`s economic fundamentals strong

Jakarta (ANTARA News) - Indonesia`s economic fundementals are now strong enabling the government to shift its policy focus from short-term uncertainty to investment achievement, especially in the infrastructure sector, a World Bank economist said. "Indonesia has recorded strong economic growth against a backdrop of the world`s economic uncertainty and volatility," the bank`s senior economist for Indonesia, Enrique Blanco Armas, said in a quarterly economic development exposure here on Tuesday.

China offers soft loans for railway infrastructure development

Makassar, South Sulawesi (ANTARA News) - The Chinese government through Tangsahan Railway Vehicle Co. Ltd. has offered a soft loan to the provincial government of South Sulawesi for the development of railway infrastructure in the region. Vice General Manager of Tangsahan Railway Vehicle Co. Ltd.

Govt asks Kadin to help revitalize industry

Jakarta (ANTARA News) - Chief Economic Minister Hatta Rajasa asked the Indonesian Chamber of Commerce and Industry (Kadin) to help revitalize the manufacturing industry in the country. "I hope that we can work together to revitalize the country`s manufacturing industries," the minister said at his office here on Monday. On the occasion, the chief economic minister also congratulated new Kadin leader Suryo Bambang Sulisto who was elected chairman of the chamber last Saturday.

Fiber Optic Network Installation Hindered

TEMPO Interactive, Bandung:The Minister of Communication and Information Technology has said that fiber optic installation faces administrative problems, especially since a letter from the Department of Home Affairs demanding to stop the project temporarily has been issued. “Around 40 percent of installation in Eastern Indonesia is not completed because of field administrative problems. The problem is nobody knows about fiber optic installation at the sub district level.

Indonesia Key to DBS Plan to Expand in Southeast Asia

Singapore’s DBS Group, one of Asia’s largest financial services providers, is planning to ramp up its business in Indonesia and the rest of Southeast Asia, its executives said on Tuesday.

Indonesia’s near-term risks have diminished but policy challenges remain

Jakarta, September 28, 2010 – The latest Indonesia Economic Quarterly released today by the World Bank reports that Indonesia’s economy continues to record robust growth, unlike many of the world’s major economies. This growth has allowed the policy focus to shift from near-term uncertainty towards laying the foundations for longer-term growth to allow the government to better support investment and stronger social outcomes for all Indonesians.