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Tue, 01 Apr 2008
Saipem may spend $390M on Karimun port
Saipem SpA may spend $390 million to build a port on Karimun Island, says Kontan newspaper, citing Karimun regional secretary Taufiq Ilyas, Bloomberg reported Thursday (27/3/08).The Indonesian unit of the oil-drilling services company plans to sign an agreement on April 3 with the Karimun...
Tue, 01 Apr 2008
Budget deficit to be set at 2.1%
A parliamentary committee and the government agreed to raise the budget deficit target to 2.1% of GDP from 1.7% due to soaring fuel subsidies, according to a committee member, while spending on fuel subsidies may have to nearly triple to around Rp130 trillion ($14.