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Thu, 06 Jan 2011
RI to boost non-oil, non-gas exports to cover trade deficit
Jakarta (ANTARA News) - Indonesia intends to export more non-oil/non-gas commodities in 2011 to cover its swelling trade deficit with China, a trade official said."The deficit can be lowered by increasing exports, coupled with efforts to improve the quality and added value of the...
Thu, 06 Jan 2011
Pertamina needs new exploration technology to meet 2011 production target
Jakarta (ANTARA News) - To boost its production in 2011, PT Pertamina EP, a subsidiary of state oil and gas firm PT Pertamina, needs not only to find new reserves but also a new exploration concept and technology, an analyst said.
Wed, 05 Jan 2011
BPS reports sea freight decline
Domestic sea freight from January to November 2010 reached 9.9 million tons, a 27.2 percent decrease compared to the same period last year, the Central Statistics Agency (BPS) reports.According to BPS data, Panjang, Lampung and Surabaya’s Tanjung Perak ports saw a 14.4 percent and 5.
Wed, 05 Jan 2011
Minister : Capital inflow for direct investment to rise
Jakarta (ANTARA News) - Chief economic minister Hatta Rajasa said he believed foreign capital inflow for direct investment would rise this year."In 2011 it will increase by more than US$12 billion," he said here on Tuesday.
Wed, 05 Jan 2011
Indonesia hopes Singapore`s investment to rise 50 percent
Jakarta (ANTARA News) - Indonesia hopes Singapore`s investment in Indonesia will rise by up to 50 percent in 2011, chief economic minister Hatta Rajasa said here on Tuesday."Singapore`s investment in Indonesia in 2010 was recorded at around five billion US dollars.
Tue, 04 Jan 2011
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...
Tue, 04 Jan 2011
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...
Tue, 04 Jan 2011
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.
Tue, 04 Jan 2011
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.
Tue, 04 Jan 2011
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...
Tue, 04 Jan 2011
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.
Tue, 04 Jan 2011
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...
Sat, 01 Jan 2011
A Softening of Bali's Domestic Market?
Bali Hoteliers in Sanur, Ubud and Nusa Dua Say Christmas-New Year 'Fully-Booked' Situation Did not Materialize.The State news agency Antara reports that an anticipated downturn in domestic tourists to Bali over the Christmas and New Years holiday 2010-2011 has resulted in lower occupancy rates in...
Sat, 01 Jan 2011
Indonesia to Offer Geothermal Drilling Rights in Block Tender Next Year
Indonesia will seek bids for 50 new oil and gas blocks next year through tenders and direct offers to help boost output, said Evita Legowo, director general of oil and gas at the Energy and Minerals Resources Ministry.
Sat, 01 Jan 2011
Government Eager to Achieve 7 Percent Economic Growth
TEMPO Interactive, Bogor:President Susilo Bambang Yudhoyono is eager for Indonesia to achieve a 7-8 percent economic growth by 2014. The rate is above this year’s economic growth, which is expected to reach 6 percent.