Indonesian Political, Business & Finance News

Archive: 4 January 2007

11 articles found

Food and beverage exports may break $2 billion mark in 2006

Exports of food and beverages will grow by between 10 and 15 percent this year from the US$2 billion in earnings estimated for 2006, the Indonesian Food and Beverage Producers Associations (GAPMI) says."It is only an interim estimation as we haven't completed all the calculations for last year.

Exports hit $8.02b in November, highest level in history

The country's exports broke yet another record in November at US$8.92 billion, the Central Statistics Agency (BPS) reported Tuesday, adding weight to predictions that full-year exports will hit $100 billion for the first time."According to our records, the $8.

Mining investment may reach over US$1.5 bln in 2007

Jakarta (ANTARA News)- The government has predicted that investment in general and geothermal mining may reach over US$1.5 billion in 2007, while that in 2006 reached only $1.307 billion, a spokesman said.

Duri-Medan Pipeline for Tender

State-owned gas distributor PT Perusahaan Gas Negara (PGN) will invite bids next year for the construction of a $600 million pipeline linking Riau and North Sumatra, The Jakarta Post reported. PGN president director Sutikno said that the 360-km pipeline, which will transmit between 200 million and...

Pertamina Retains Distribution Rights

Pertamina Retains Distribution Rights State oil firm Pertamina will retain its exclusive rights to supply and distribute subsidized oil products in 2007 in the domestic market, an official at the country's downstream oil regulator (BPH MIGAS) said on Thursday, Reuters reported.

$41 Billion Needed in Investment: Report

State power utility PT Perusahaan Listrik Negara (PLN), says the country needs $41 billion to develop new power plants between 2006 and 2015, Bisnis Indonesia reported on Tuesday (26/12/06). PLN President Eddie Widiono said the amounts of investment required were $26.

Expansion, for Retailers

Retailers say they are looking at a quieter year for sales in 2007, amid strong expansion programs by major domestic and international operators.Retailers expect 17% growth this year compared to an estimated 20% last year, in which they made an estimated Rp50 trillion.

President Approves Capital Injections

President Susilo Bambang Yudhoyono on Thursday (28/12/06) signed a government regulation ordering the government to inject funds into 12 state-owned enterprises, State Secretary Yusril Ihza Mahendra told reporters.

Indonesia Ready for ‘Single Window’ Licensing

Indonesia is ready to support the realization of ASEAN's electronic export-import system called the ASEAN Single Window (ASW), scheduled to become operational in 2008, a senior official said on Tuesday (26/12/06), Antara reported.

Govt. Guarantees Investor Security

Property developer PT Ciputra Development plans to build Rp1.2 trillion ($132.2 million) worth of projects that were delayed by the Asian economic crisis, Investor Daily reported on Wednesday (27/12/06).

Govt. Guarantees Investor Security

The government guaranteed the security of foreign investment in Indonesia, needed to help boost the country’s economic growth, Coordinating Minister for Political, Legal and Security Affairs Widodo AS said."Security is a matter of perception. The important thing is how to manage problems well.