Indonesian Political, Business & Finance News

Archive: 18 January 2011

6 articles found

Java Island Not Leading Nation In Personal Income, Survey Says

Where do they get their numbers from. They should try wandering into a few villages where 70% of the population earn a max of Rp400,000/month with a good few on Rp200,000/month. Houses with dirt floors, people unable to eat properly and sod all chance of school for the kids. Credit Suisse Indonesia seem to have done half a job.

Indonesian leader orders corruption probes

President Susilo Bambang Yudhoyono sought to bolster his anti-corruption credentials by ordering Indonesia authorities to look into dozens of companies allegedly linked to a tax official who amassed millions of dollars in bribes. The dealings of Gayus Tambunan, infamously photographed at a tennis tournament on the resort island of Bali after bribing his way out of a Jakarta jail, have enraged Indonesians and sent Mr Yudhoyono’s support plummeting.

Singapore Eyes More Investment in Indonesia: Report

The Government of Singapore Investment Corp (GIC) wants to step up its investment in fast-growing Indonesia, particularly in infrastructure, a top executive said in remarks published Monday. The state investment agency will work with its Indonesian partners to study the various infrastructure projects available, executive director and deputy chairman Tony Tan told the Straits Times newspaper.

Singapore Eyes More Investment in Indonesia: Report

The Government of Singapore Investment Corp (GIC) wants to step up its investment in fast-growing Indonesia, particularly in infrastructure, a top executive said in remarks published Monday. The state investment agency will work with its Indonesian partners to study the various infrastructure projects available, executive director and deputy chairman Tony Tan told the Straits Times newspaper.

Java Island Not Leading Nation In Personal Income, Survey Says

A survey released on Monday included a finding that may come as a surprise to the financial movers and shakers in Jakarta. Credit Suisse issued its first Emerging Consumer Survey on spending profiles in seven emerging economies, including Indonesia. Its findings showed people here were not only confident about their future, but that those outside of Java earn and save more than those on the island.

Pulp, paper industry attracts US$16 bln investment

Jakarta (ANTARA News) - The pulp and paper industry in Indonesia has developed vastly and attracted an investment worth US$16 billion, Forestry Minister Zulkifli Hasan told a seminar here on Monday. He said that pulp and paper industry at home was able to absorb 242,822 workers and contribute US$4 billion of foreign exchange to the state, or about 6.1 percent of the total production in the manufacturing sector.