Indonesian Political, Business & Finance News

Archive: 9 September 2006

9 articles found

Company offers malls help to compete

Company offers malls help to compete The Jakarta Post, Jakarta Jakarta has seen an explosion of shopping malls in recent months amid signs of an improvement in the country's economy. Developers and owners are counting on being able to draw in more shoppers and boost sales. The question is, how many of them will survive the tight shopping center market? "We have noticed that more shopping centers have been built here.

Government will inject more than Rp 2 trillion into ailing state firms

Government will inject more than Rp 2 trillion into ailing state firms The Jakarta Post, Jakarta The government plans to provide Rp 2.19 trillion (US$241 million) from this year's state budget for several troubled state-owned enterprises (SOEs), but officials insist they are not handing out blank checks. Muhammad Said Didu, secretary to the State Minister for State Enterprises, said the SOEs must provide concrete business plans for the use of the funds.

Economists Question Government's Macroeconomics’ Assumption

Economists Question Government's Macroeconomics’ Assumption Friday, 08 September, 2006 | 16:40 WIB TEMPO Interactive, Jakarta: Economists are questioning an assumption concerning macroeconomics in the Revised State Budget (RAPBN) of 2007. This has reflected the government's attitude which is not yet democratic.

'Bureaucracy, parties striving for recentralization'

'Bureaucracy, parties striving for recentralization' A survey by the Civil Society Alliance for Democracy (Yappika) discovered that the implementation of regional autonomy between 2001 and 2005 gave rise to ethnocentrism and tribalism. One of the key researchers in the survey,Eko Prasodjo of the University of Indonesia, recently talked to The Jakarta Post's M. Taufiqurrahman on the pitfalls and fallacies of decentralization.

Indonesia's CPO exports until last May 4.5 million tons

Indonesia's CPO exports until last May 4.5 million tons Medan, North Sumatra (ANTARA News) - Indonesia`s crude palm oil (CPO) exports up to May this year reached 4.5 million tons, less than half of the target for this year set at 11.3 million tons, CPO producers` association chairman Derom Bangun said here on Friday. He said demand for CPO abroad this year was good, particularly in the European market. "The good demand for CPO has boosted the export volumes and raised the CPO price," he added.

M`sia promotes SME`s products to Indonesia

M`sia promotes SME`s products to Indonesia Jakarta (ANTARA News) - Malaysia promotes its products mostly processed food in the "Taste of Malaysia exhibition" held from September 8 through 21 at 16 Giant hypermarket outlets here. "Being neighboring countries, Indonesia and Malaysia have established close trade relations for many years," Malaysia`s minister of internal trade and consumer affairs Dato Hj Mohd. Shafie bin Hj Apdal, said when he opened the exhibition here Friday.

Indonesia to use IMF/World Bank meetings to woo international investors

Indonesia to use IMF/World Bank meetings to woo international investors By Channel NewsAsia's Indonesia Bureau Chief Sujadi Siswo | Posted: 08 September 2006 2334 hrs JAKARTA : Indonesia plans to use the high profile IMF/World Bank meetings in Singapore next week to woo international investors.

Jakarta malls 'the perfect hangout'

Jakarta malls 'the perfect hangout' Anissa S. Febrina, The Jakarta Post, Jakarta What is it that people actually do when they head out for a day in the city's teeming malls? If your immediate assumption is shell out some hard cash for a new all-that handbag or the latest gadget, then it may be time to get out of the house a bit more. For a recent survey shows that 93 percent of respondents here do not have shopping on their mind when they go to the mall.

When antigraft officers get involved in extortion

When antigraft officers get involved in extortion Dwi Atmanta, The Jakarta Post, Jakarta Police officer Suparman and comic action hero Superman had one responsibility in common: to uphold justice. An abuse of power, however, has turned Suparman into an infamous villain. The Anticorruption Court recently convicted the former Corruption Eradication Commission (KPK) investigator of graft and extortion and sentenced him to eight years' jail. The court found Adj. Comr.