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Mon, 03 Aug 2009
Indonesia Export Falls 28 Percent
TEMPO Interactive, Jakarta: Indonesia exports sank US$20.38 billion in the first semester this year from a year earlier led by slowing demand in foreign market, the statistics agency reported on Monday.Oil and gas exports saw the largest drop of 55.42 percent to US$16.
Mon, 03 Aug 2009
A P Solvex plans to set up oil extraction plant in Indonesia
Press Trust of India / Chandigarh Having positioned itself as a leading rice bran oil brand in the country, A P Solvex Limited now plans to venture into overseas market by setting up its first oil extraction and refining plant in Indonesia with an estimated investment of Rs 30 crore.
Mon, 03 Aug 2009
Indonesia expects faster growth next year
Susilo Bambang Yudhoyono, Indonesia’s president, on Monday forecast faster growth net year and a narrowing of the country’s fiscal deficit, alongside a likely increase in inflation.In his 2010 budget announcement, Mr Yudhoyono said Indonesia was targeting growth of 5 per cent in 2010.
Sat, 01 Aug 2009
Transactions at local banks reach $1.8b
Following a requirement to use domestic banks for their banking transactions, oil and gas contractors have so far made US$1.8 billion worth of transaction commitments through local banks, or 64.29 percent of the companies’ total expenses in the first half of the year.
Sat, 01 Aug 2009
Oil Firms' Spending in Indonesia Set to Reach $15B in 2009
Spending by 60 oil and gas contractors already producing in Indonesia is estimated to reach US $15 billion this year, an official predicted.Around 65 percent or US $9.75 billion will be spent on goods and services, Hardiono, a deputy at the upstream oil and gas regulator BP Migas said.
Sat, 01 Aug 2009
Indonesia Must Prepare for Free Trade: Commerce Chamber
Notwithstanding regular complaints from local firms about disguised protectionism overseas, the country’s most influential business association appears to want the government to resort to similar tactics to stem a predicted flood of Chinese imports riding on the back of the Asean-China Free Trade...
Sat, 01 Aug 2009
Indonesian Rupiah Surges for Fifth Straight Month on Investor Optimism
The rupiah completed a fifth month of gains, its longest winning streak in three years, as overseas investors added to holdings of the nation’s stocks due to the outlook for economic growth.The rupiah is Asia’s top-performing currency so far this year, with a 9.