Indonesian Political, Business & Finance News

Archive: 14 February 2011

8 articles found

Argentina emerges as a key supplier of soybeans to RI

Quoting: Kitty so that's why now the soybean it's too expensive! that's right, which means its time to get into the soybean growing business! i can set you up in no time! well, not actually no time, but 8 weeks.

Argentina emerges as a key supplier of soybeans to RI

so that's why now the soybean it's too expensive!

Argentina emerges as a key supplier of soybeans to RI

Most Indonesians generally know Argentina for its soccer and tango. But they don’t know that the main ingredient - soybean - in staple foods such as tempe, tofu and soy sauce comes mostly from Argentina. In recent years, Indonesia has become one of the Asia’s biggest soybean importers - buying the food commodity mainly from Argentina, the US and Brazil - due to a rapid increase in consumption and sharp decline in domestic production.

Reshaping regional autonomy

The draft revision of Law No. 32/2004 on local government has finally been submitted to the President for his review and approval before being sent to the House of Representatives. The House has already allocated a 2011 deliberation agenda on the revision of Law No. 32/2004. Once it is approved by the government and the House, it will be Indonesia’s sixth local government law since the promulgation of Law No. 1/1945 on Local Government. Different from its predecessor, revision of Law No.

Shell to Build Lubricant Factory in Indonesia

VIVAnews - PT Shell Indonesia prepares US$90-100 million of investment to build lubricant factory in Indonesia. The factory is of the capacity of 100 thousand tonnes and is expected to operate by 2013. Shell Indonesia President Director Darwin Silalahi said the factory will be used to meet the demand from domestic and regional markets in Asia.

Sarinah to begin exporting cassava

Jakarta (ANTARA News) - State-owned company PT Sarinah is increasing the number of its trade commodities by purchasing cassava from farmers and exporting it for cattle fodder to China. PT Sarinah President Director Jimmy M Rifai Gani said here on Sunday that his company was buying cassava from farmers in Central Java`s Cilacap district to meet the need for the commodity from China. "So far, we have actually planned to export it to South Korea which will re-export the commodity to China.

Indonesia`s exports of textile products to China up 30 pct

Jakarta (ANTARA News) - The Free Trade Agreement (FTA) with China has increased Indonesia`s exports of textile and textile products to that country by more than 30 percent last year securing Indonesia`s position as an exporter of the products to China, the Indonesian Textile Association (API)said. API chairman Ade Sudrajat said on Sunday that textile exports to China increased by 70 percent, fibers 65 percent and yarn 65 percent in 2010.

Textile industry agrees to lift ceiling on electricity tariff hike

Jakarta (ANTARA News) - State electricity corporation PT PLN and the Indonesian textile association (API) have reached agreement to cancel the 18 percent capping of power price hike. PLN business and risk management director Murtaqi Syamsuddin said here on Sunday that the agreement on the matter had been reached between PT PLN and API, and that API would pay by difference between the ceiling and non-ceiling payments this year.