Indonesian Political, Business & Finance News

Archive: 4 January 2011

7 articles found

Plant closure threatens 1,200 jobs

Up to 1,200 people could lose their jobs following the announcement that a Japan-based electronics manufacturer plans to close its plant in Batam, Riau Islands, in April.The management of PT Panasonic Shikoku Electronics Batam said it would close down the plant because production costs there were...

Bali Underpass Project Bogged Down by Land Issues

Bali Land Owners Unprepared to Surrender Land Needed for Simpang Siur Underpass Project.The Regent of Badung A.A. Gde Agung has admitted to the Bali Post that the planned underpass at the Simpang Siur intersection in Kuta is being held up by disagreements with local land owners refusing to...

135-Room Hotel Under Construction in Kuta, Bali

In the midst of calls for a moratorium on new hotel construction in Bali, PT Intiwhiz has commenced construction of a 135-room hotel on Jalan Kartika Plaza in Kuta.The property will operate under the brand Grand Whiz.

President says he prefers pragmatism

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said he agreed and liked pragmatism in dealing with economic affairs based on principles of nationalism."We are called on to be pragmatic.

China interested in building ports in Papua

Jakarta (ANTARA News) - China has been reported to become interested in making an investment in ports in Papua."On January 5, 2011, a Chinese representative mission will meet the Papua administration in Jayapura," Transportation Minister Freddy Numberi told the press prior to an economic...

International port project canceled

Samarinda, E Kalimantan (ANTARA News) - The Maloy International Port project in East Kutai district needs to be canceled in view of the many reefs which have to be removed, a member of the local Legislative Council (DPRD), Syaifuddin said.

Trade Minister visiting Jakarta for discussions

MINISTER for Trade and Industry Lim Hng Kiang, will be in Jakarta from Monday to Tuesday.He will be attending a ministerial meeting with Indonesian Coordinating Minister for Economic Affairs Hatta Rajasa and other senior officials to discuss the progress of the six joint Economic Working Groups...