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Wed, 18 Oct 2006
Bank Jabar to Hold Public Offering Next Year
Bank Jabar to Hold Public Offering Next YearTuesday, 17 October, 2006 | 15:54 WIBTEMPO Interactive, Jakarta: PT Bank Pembangunan Daerah of West Java (Bank Jabar) is planning to hold an initial public offering (IPO) next year.
Wed, 18 Oct 2006
Gas Cylinder Manufacturers Complain about Pertamina
Gas Cylinder Manufacturers Complain about PertaminaTuesday, 17 October, 2006 | 16:00 WIBTEMPO Interactive, Jakarta: The Indonesian Gas Cylinder Manufacturers Association (Asitab) will complain to Vice President Jusuf Kalla because Pertamina will import gas tubes for the conversion of kerosene to...
Tue, 17 Oct 2006
Ministry proposes concerted agricultural subsidy
Ministry proposes concerted agricultural subsidyJakarta (ANTARA News) - The Research and Development Agency of the Ministry of Agriculture has proposed to the government the launching of an integrated agricultural subsidy in order to regain Indonesia`s past success in food self-sufficiency such as...
Tue, 17 Oct 2006
Indofood to acquire 3 oil palm plantation firms
Indofood to acquire 3 oil palm plantation firmsJakarta (ANTARA News) - Publicly-listed Indofood Sukses Makmur (INDF) will acquire three oil palm plantation companies with a total value of Rp125 billion (US$12.5 million), a spokesperson said.
Tue, 17 Oct 2006
Govt hints to privatize PT PGN in November
Govt hints to privatize PT PGN in NovemberJakarta (ANTARA News) - The government hints that it will begin privatizing state gas distribution firm PT Perusahaan Gas Negara (PGN) probably in November this year.
Tue, 17 Oct 2006
World Bank to Join Toll Road Project
World Bank to Join Toll Road ProjectMonday, 16 October, 2006 | 14:01 WIBTEMPO Interactive, Jakarta: The World Bank will join financing the construction of the trans-Java toll road project that the government is offering.
Tue, 17 Oct 2006
Astra planning to expand business electricity sector
Astra planning to expand business electricity sectorJakarta (ANTARA News) - Largest automotive company PT Astra International (ASII) through its subsidiary is studying a new offer made by the Indonesian government to make investment in the private electricity sector, a spokesperson has said.
Tue, 17 Oct 2006
PermataBank's net profit increases 21.6 percent in Q3
PermataBank's net profit increases 21.6 percent in Q3The Jakarta Post, JakartaPermataBank reported an unaudited net profit of Rp 223.4 billion (about US$24.2 million) in the first nine months ending on Sept. 30, representing an increase of 21.6 percent from Rp 183.
Tue, 17 Oct 2006
National shrimp output projected at 350,000 tons to be achie
interesting fact is that Indonesia are the world biggest supplier of Shrimps ... I have visited Lampung and the shrimp farm and factory are bloody massive!
Tue, 17 Oct 2006
National shrimp output projected at 350,000 tons to be achie
National shrimp output projected at 350,000 tons to be achievedJakarta (ANTARA News) - The Ministry of Marine Resources and Fisheries believed that the 2006 national shrimp production projected at 350,000 tons, would be achieved.Made L.
Tue, 17 Oct 2006
Astra leads as vehicle sales up 21.5% in Sept.
Astra leads as vehicle sales up 21.5% in Sept.Andi Haswidi, The Jakarta PostThe Association of Indonesian Automotive Manufacturers (Gaikindo) has reported a 21.5 percent rise in vehicle sales, excluding motorcycles, in September to 34,100 units from 28,000 units in August.
Tue, 17 Oct 2006
Govt to put shares in 14 SOEs up for grabs
Govt to put shares in 14 SOEs up for grabsThe Jakarta Post, JakartaA minister has announced that the state will sell stakes in 14 state-owned enterprises (SOEs) next year to help improve their performances and finance the budget deficit.
Tue, 17 Oct 2006
Incentives for Investors Not Ready
Incentives for Investors Not ReadyFriday, 13 October, 2006 | 12:50 WIBTEMPO Interactive, Jakarta: The Department of Public Works has not yet settled on incentives that can be granted to investors in its bid on a number of projects for the second infrastructure meeting in early November of this year.
Tue, 17 Oct 2006
Pertamina and PLN Must Pay Karaha Bodas
Pertamina and PLN Must Pay Karaha BodasFriday, 13 October, 2006 | 15:00 WIBTEMPO Interactive, Jakarta: he Deputy Minister of State Enterprises, Roes Aryawijaya, stressed that PT Pertamina and PT PLN must pay the fine and interest to Karaha Bodas Company.
Tue, 17 Oct 2006
Trials and travails of Indonesia's richest man
Trials and travails of Indonesia's richest manBy Bill GuerinJAKARTA - Publicity-shy paper and plantation magnate Sukanto Tanoto is in Indonesia's national headlines after topping two high-profile lists.
Tue, 17 Oct 2006
Batam to be elected as RI-Singapore tourist gate
Batam to be elected as RI-Singapore tourist gateJakarta (ANTARA News) - The city of Batam will become a bridge of tourism and tourist destination between Indonesia and Singapore under a strategic partnership between Citilink, the low-cost based airlines and Singapore Tourism Board (STB).
Fri, 13 Oct 2006
Astra International Aiming at Electricity Power Genera
Astra International Aiming at Electricity Power Generating Plant ProjectsThursday, 12 October, 2006 | 15:26 WIBTEMPO Interactive, Jakarta: PT Astra International Tbk is targeting several of electricity generating plant and toll road projects that the government is going to offer.
Fri, 13 Oct 2006
Flexi BTS Tender Participants to be Announced
Flexi BTS Tender Participants to be Announced Next WeekThursday, 12 October, 2006 | 16:07 WIBTEMPO Interactive, Jakarta: PT Telekomunikasi Indonesia (Telkom) Tbk. will announce the telecommunication vendors that passed the selection for the Flexi base transceiver station (BTS) construction tender...
Fri, 13 Oct 2006
Supreme Court cannot be above the law
Supreme Court cannot be above the lawT.Sima Gunawan, JakartaMirror, mirror on the wall, who is the mightiest of them all?If the mirror could speak, it might say: The judge.A police officer has a pistol, a soldier has a machine gun and a journalist has a pen, which can be mightier than a firearm.
Fri, 13 Oct 2006
Epson to raise investment in Indonesia
Epson to raise investment in IndonesiaJakarta (ANTARA News/Asia Pulse) - PT Indonesia Epson Industry said it will increase its investment in the country by US$20 million next year to expand its printer production capacity by 10 per cent.
Fri, 13 Oct 2006
SBY: Domestic capital should invest in Indonesia first
SBY: 'I APPEAL TO DOMESTIC INVESTORS TO DO BUSINESS IN OUR OWN COUNTRY' President appeals to domestic investors to invest their capital in home country. “I read in many mass media that Indonesian entrepreneurs also invest in many countries.
Fri, 13 Oct 2006
President Requests Increase in Export of Services
President Requests Increase in Export of ServicesThursday, 12 October, 2006 | 13:25 WIBTEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono has stated that it is high time for Indonesia to change its export focus from goods to services.
Fri, 13 Oct 2006
Funds Parked in Singapore Belongs Mainly to Embezzlers
Funds Parked in Singapore Belongs Mainly to EmbezzlersThursday, 12 October, 2006 | 13:29 WIBTEMPO Interactive, Jakarta: Indonesian Corruption Watch (ICW) suspects that a large part of the Rp506.8 trillion in funds parked in Singapore is owned by former embezzlers of state and private national banks.
Fri, 13 Oct 2006
Bumi resources to buy back shares
Bumi resources to buy back sharesJakarta (ANTARA News) - Publicly-listed coal mining company PT Bumi Resources (BUMI) is planning to buy back its share from October 11, 2006 to November 17, 2007, a spokesman said here Wednesday.BUMI would buy back 1,940.
Fri, 13 Oct 2006
SBY orders trade ministry to address services export
President orders trade ministry to begin addressing services export sectorJakarta (ANTARA News) - President Susilo Bambang Yudhoyono has ordered Trade Ministry officials to begin seriously handling the services export ssctor so that the country weuld not remain an exporter of goods only.
Fri, 13 Oct 2006
Top traders get SBY's seal of approval
Top traders get SBY's seal of approvalThe Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono presented the Primaniyarta Awards to 23 companies assessed as the best performing exporters this year, and praised them as economic heroes during a ceremony Wednesday.
Fri, 13 Oct 2006
Fight the haze or choke investors, Lee warns RI
Fight the haze or choke investors, Lee warns RIThe Jakarta Post, JakartaSingapore Prime Minister Lee Hsien Loong has written to President Susilo Bambang Yudhoyono to express his disappointment over smog from land-clearing fires in Indonesia that have blanketed parts of Southeast Asia.
Fri, 13 Oct 2006
Production at Cepu Block Delayed until 2009
Production at Cepu Block Delayed until 2009Thursday, 12 October, 2006 | 08:57 WIBTEMPO Interactive, Surabaya: The work program and budgeting (WP&B) for the management of the Cepu Block at Bojonegoro has been delayed.
Thu, 12 Oct 2006
'Agricultural development must intensify': SBY
PRESIDENT DIALOGUED WITH FARMER IN JEMBER: AGRICULTURE DEVELOPMENT HAS TO BE MORE INTENSIVE Food demand is an absolute need, hence it is an important priority in the national development, said President at an interview with farmers and Small and Medium Enterprises (UKM) in Rejo Agung Village,...
Thu, 12 Oct 2006
'Electrics for a better life': SBY
PRESIDENT IN PLTU PAITON: ELECTRICS FOR A BETTER LIFE Electrics for a better life. With sufficient electrics, progress of a nation will be totally able to be reached better, said President when he evaluated Electrics Generator of Steam Power/ PLTU Paiton, in Probolinggo, on Monday (9/10) noon.
Thu, 12 Oct 2006
Smuggled textiles dominating Jakarta’s retail market
Smuggled textiles dominating in Jakarta’s retail marketJAKARTA: Smuggled textiles and garments are dominating in Jakarta’s Tanah Abang and Mangga Dua retail market; sources said here on October 10.Illegally imported textiles and garments have been flooding the retail markets either through...
Thu, 12 Oct 2006
JSX again warns Texmaco Jaya of possible delisting
JSX again warns Texmaco Jaya of possible delistingJakarta (ANTARA News) - The Jakarta Stock Exchange (JSX) has once again threatened to delist the shares of publicly-listed textile company PT Texmaco Jaya (TEJA) if it fails to table a corporate plan to the bourse in one month, a spokesperson said.
Thu, 12 Oct 2006
Pertamina Asks Lapindo to Finance Relocation of Gas Pi
Pertamina Asks Lapindo to Finance Relocation of Gas PipelinesWednesday, 11 October, 2006 | 14:31 WIBTEMPO Interactive, Jakarta: PT Pertamina (Persero) is asking that Lapindo Brantas Inc cover all costs for relocating pipelines that channel gas to hundreds of industries in Surabaya, Sidoarjo and...
Thu, 12 Oct 2006
Government Offers Projects Worth US$4.5 Billion
Government Offers Projects Worth US$4.5 BillionWednesday, 11 October, 2006 | 16:00 WIBTEMPO Interactive, Jakarta: The government will offer 10 infrastructure projects at the Indonesia Infrastructure Summit II in November.The total of the project value reach US$4.5 billion or around Rp40.5 trillion.
Thu, 12 Oct 2006
Foreign Exchange from Sale of Wild Animals Very Low
Foreign Exchange from Sale of Wild Animals Very LowWednesday, 11 October, 2006 | 16:15 WIBTEMPO Interactive, Jakarta: The state's revenue from the sale of wild animal is very low, last year only reaching US$16.7 million.
Thu, 12 Oct 2006
Australian Company to Build Explosives Factory
Australian Company to Build Explosives Factory in BontangWednesday, 11 October, 2006 | 13:45 WIBTEMPO Interactive, Jakarta: Orica Ltd, an Australian chemical company, will build an ammonium nitrate explosives factory with an investment value of US$200 billion.
Thu, 12 Oct 2006
Govt says Exxon's Natuna D-Alpha contract has expired
Govt says Exxon's Natuna D-Alpha contract has expiredJakarta (ANTARA News) - Exxon Mobil Corp's contract at the Natuna D-Alpha oil and gas block has expired, Energy and Mineral Resources Minister Purnomo Yusgiantoro said.
Thu, 12 Oct 2006
Consumer confidence up: Danareksa
Consumer confidence up: DanareksaUrip Hudiono, The Jakarta Post, JakartaConsumer confidence dipped in September as the seasonal drought and Ramadhan fasting month nudged up food prices and affected the job market, the latest survey from Danareksa Research Institute (DRI) shows.
Thu, 12 Oct 2006
Chinese products dominate Indonesia's electronic market
Chinese products dominate Indonesia's electronic marketJakarta (ANTARA News) - Some 45 different brands of electronic products made in China dominate Indonesian market, along with those of Japanese and Korean brands."Many Chinese products are available in Indonesia.
Thu, 12 Oct 2006
Indonesia optimistic Taiwanese investment to increase
Indonesia optimistic Taiwanese investment to increaseJakarta (ANTARA News) - Indonesia intensified its luring Taiwanese investors to come to Indonesia, because their number has been decreasing since they preferred operating in China.
Thu, 12 Oct 2006
Foreign Property Ownership Proposed to Be 70 Years
Foreign Property Ownership Proposed to Be 70 YearsWednesday, 11 October, 2006 | 12:33 WIBTEMPO Interactive, Jakarta: The Public Housing Ministry has proposed that foreign parties’ right of use on properties in Indonesia be extended from the current 25 years to 70 years.
Thu, 12 Oct 2006
BPK Still Cannot Audit Data of Taxpayers
BPK Still Cannot Audit Data of TaxpayersWednesday, 11 October, 2006 | 11:40 WIBTEMPO Interactive, Jakarta: The Directorate General of Taxes has refused the request of the Supreme Audit Agency (BPK) to provide access to data of taxpayers.
Wed, 11 Oct 2006
Dutch bizman to invest in Aloe Vera Plantation in Bali
Dutch bizman to invest in Aloe Vera Plantation in BaliDenpasar, Bali (ANTARA News) - A Dutch businessman, Henk Swanberg, said he was planning to invest in an Aloe Vera plantation in Bali Island.Bali Island was a suitable place to develop and cultivate Aloe Vera, Swanberg said here on Tuesday.
Wed, 11 Oct 2006
State Gas Company to Manage Coal Bed Methane
State Gas Company to Manage Coal Bed Methane at BanyuasinTuesday, 10 October, 2006 | 16:29 WIBTEMPO Interactive, Jakarta: PT Perusahaan Gas Negara (PGN), a state gas company, and the government of the Banyuasin Regency will organize a coal bed methane site at the Banyuasin Regency, South Sumatera.
Wed, 11 Oct 2006
Pertamina's Plan to Import LPG Tubes Denied
Pertamina's Plan to Import LPG Tubes DeniedTuesday, 10 October, 2006 | 13:17 WIBTEMPO Interactive, Jakarta: The Department of Industry has rejected the plan of PT Pertamina (Persero) to import 200 thousand LPG tubes from China due to the conversion program of kerosene to LPG this year.
Wed, 11 Oct 2006
American investors ask government to lower tax hurdles
American investors ask government to lower tax hurdlesUrip Hudiono, The Jakarta Post, JakartaThe government could do more to improve Indonesia's tax system in order to attract more investment from the U.S., a business delegation from that country says.
Wed, 11 Oct 2006
Garuda Indonesia’s Debt Restructuring Delayed
i dont care kuku, garuda got a very bad reputation anyway. i'm glad that they are in a deep shit! and dont fly into LA anymore! its very "malu-maluin".
Wed, 11 Oct 2006
Garuda Indonesia’s Debt Restructuring Delayed
Garuda Indonesia’s Debt Restructuring DelayedMonday, 09 October, 2006 | 20:38 WIBTEMPO Interactive, Jakarta: The restructuring of PT Garuda Indonesia’s debt amounting to US$794 million, or Rp7.3 trillion, to several domestic and foreign creditors has been delayed.
Wed, 11 Oct 2006
Car Sales Rise 30 Percent
Car Sales Rise 30 PercentTuesday, 10 October, 2006 | 09:17 WIBTEMPO Interactive, Jakarta: Approaching the Eid holiday, leading car producers in Indonesia have recorded sales rises pf 30 percent compared to previous months.