Indonesian Political, Business & Finance News

Archive: 2 August 2011

8 articles found

First Stop for Bali Entrepreneurs

American Business Community Support for Entrepreneurs in BaliBalidiscovery.com met Peter Meyer, a Governor of AmCham Indonesia – the American Chamber of Commerce - for a quick interview regarding the Regional Entrepreneurship Summit (RES) held in Nusa Dua in July 2011.

Plans Are Under Way for Two Coal Upgrade Plants

From: The Jakarta GlobeBy:Muhamad Al Azhari Arutmin Indonesia, a subsidiary of coal miner Bumi Resources, and Japanese steel manufacturer Kobe Steel are jointly constructing a smelter that will transform brown coal into higher-quality coal.“Low-rank coal is in abundance in Indonesia.

Indonesia Set to Cut Palm Oil Export Tax Rate Amid Lobbying

By:Niluksi Koswanage Indonesia, the world’s largest palm oil producer and exporter, could lower the maximum export tax rate by this month, a small concession by Jakarta to a powerful industry lobby that says the duty structure hurts trade.

Wheels in Motion for Deals on Kalimantan Resources

From: The Jakarta GlobeBy :Ririn Radiawati Kusuma The government listed for sale on Monday nine resource blocks in Kalimantan, including eight with coal-bed methane gas, in the latest effort by the country to boost development of alternative energy.

Malaysia plans green palm oil certification scheme- paper

Malaysia plans green palm oil certification scheme- paper(Reuters) - Malaysia, the word's No.2 palm oil producer, will come up with a certification scheme to ensure the tropical oil is grown without clearing forests and destroying wildlife, a newspaper reported on Monday.

Indonesia foreign tourist arrivals grow 9.9 pct in June

(Reuters) - Indonesia's foreign tourist arrivals grew 9.9 percent in June to 674,400 people, the statistics bureau said on Monday.The main destinations were the resort island of Bali and capital Jakarta, it said.

Audits Reveal Over US$100M in Outstanding Taxes From Oil & Gas Firms

TEMPO Interactive, Jakarta:Audits conducted by the Supreme Audit Agency and the Development and Finance Comptroller, or BPKP, have revealed massive unpaid taxes incurred by oil and gas firms. It is hoped that these findings will give the government an opportunity to resolve matters, possibly by...

Investment in oil and gas to increase US$68.43 mln

Jakarta (ANTARA News) - Investment in oil and gas explorations in Indonesia will increase by US$68.43 million in the next three years, the director general of oil/gas of the ministry energy and mineral resources ministry, Evita Legowo, said.