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Tue, 01 Mar 2011
Indonesia’s Largest Palm Oil Producer Sees Profits Double on Rising Prices
Golden Agri-Resources, the world’s second-largest palm oil producer, said fourth-quarter profits more than doubled as prices for its main product jumped to record highs and its assets gained in value.Net income increased to $1.17 billion for the quarter ending on Dec.
Tue, 01 Mar 2011
Industrial Electricity Rate to be Discounted
TEMPO Interactive, Jakarta:State-run electricity company PT PLN has offered a 20-percent discount to industries if they use electricity outside peak hours between 23.00 – 07.00.The electricity rate for off-peak usage will be Rp550 per kilowatt per hour (kWh) from the previous Rp730 per kWh.
Tue, 01 Mar 2011
France confirms plan to invest in Bandung railway project
Jakarta (ANTARA News) - France has confirmed its intention to invest 175 million US dollars in Bandung`s Metropolitan Railway project that will connect Padalarang and Cicalengka districts, West Java, a minister said.
Tue, 01 Mar 2011
President warns Riau islands against building gambling den
Tanjungpinang, Riau Islands (ANTARA News) - President Susilo Bambang Yudhoyono has warned the Riau Islands provincial government against building a gambling den in the region."Don`t ever think of building, don`t ever have any intention and don`t ever have any plan to build such a place,"...
Tue, 01 Mar 2011
Only 5 pct of RI graduates want to be entrepreneurs
Jakarta (ANTARA News) - Manpower and Transmigration Minister Muhaimin Iskandar said only around 5 percent of the country`s university graduates want to be entrepreneurs."The results of a survey conducted by our office show only 5 percent of university graduates want to be entrepreneurs and 95...
Tue, 01 Mar 2011
Fadel: RI produces around 3 million tons of seaweed
Palu, Central Sulawesi (ANTARA News) - Indonesia`s seaweed production is still around 3.082 million tons while world demand reaches 10 million tons a year, Marine Resources and Fisheries Minister Fadel Muhammad said."We have been overwhelmed by seaweed demand from many places.
Tue, 01 Mar 2011
Ministry targets U$80 billion investment in manufacturing sector
Anyer, Banten (ANTARA News) - The Ministry of Industry has set itself a target of U$80 billion foreign and domestic investment in the manufacturing sector for the coming the five years, a ministry official said.
Tue, 01 Mar 2011
President: Riau islands to become new economic center
Tanjungpinang, Riau Islands (ANTARA News) - President Susilo Bambang Yudhoyono believed that Riau Islands province will some day become a new economic center competing with Singapore."This place of ours is a satellite of Singapore, and will become a new economic center," the President...
Tue, 01 Mar 2011
Sinar Mas Group to build two CPO plants
Semitau, W Kalimantan (ANTARA News) - PT Sinar Mas Group plans to build two crude palm oil processing plants in West Kalimantan with a combined capacity of 50 tons per hour.The construction of the two plants scheduled for completion in October 2011 was aimed at anticipating the maiden harvest of...
Tue, 01 Mar 2011
Peabody energy enters into coal sourcing agreement accessing Indonesian coal for export
St. Louis (ANTARA/PRNewswire-AsiaNet) - Peabody Energy today said it has entered into an agreement with Indonesia`s PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asian export through Peabody COALTRADE`s international trading hub in Singapore.