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Tue, 14 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
If it breaks 11,000 there will be a lot of serious money moved - shame about the interest rates though , at the moment I am making two grand a month interest in the UK and I have to weigh up any gain against the loss of interest.Nice to know that Okusi is worth robbing........
Mon, 13 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
Originally Posted By: Capt. Mainwaring Originally Posted By: KuKuKaChui'm doing the opposite i've shifted USD20,000 into IDR since last week. Too early 'kan? not at all. just a minor hedging move. if it breaks through 11000, however, i'll start moving serious money.
Mon, 13 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
Originally Posted By: KuKuKaChui'm doing the opposite i've shifted USD20,000 into IDR since last week. Too early 'kan?
Mon, 13 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
Originally Posted By: chewwyUKso you think it could get bad kuku?? depends on the US more than Indonesia at the moment. foreign money is retreating mainly because of external factors.however, be ready with your USDs and EURs to cash in on the crash!
Mon, 13 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
so you think it could get bad kuku??
Mon, 13 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
i'm doing the opposite i've shifted USD20,000 into IDR since last week.
Mon, 13 Aug 2007
BRI getting serious about apartment mortgages
The country's fourth largest bank by assets, Bank Rakyat Indonesia (BRI), signed a memorandum of understanding Friday on apartment mortgages with property developer Pikko Group so as to boost the bank's consumer lending.BRI director for consumer banking A.
Mon, 13 Aug 2007
Rupiah plunges in early trade on dollar buying by local traders
Jakarta (ANTARA News) - Rupiah at the Jakarta interbank spot market on Monday morning plunged to Rp9,350 against US dollar as market agents bought the US currency on the domestic money market.The Indonesian unit dropped by 65 points to Rp9,345/9,350 against US dollar compared to Rp9,280/9,300 to...
Mon, 13 Aug 2007
Foreign debts of Indonesia`s private firms alarming
Jakarta (ANTARA News) - Economic affairs observer Aviliani said the foreign debts of Indonesia`s private sector had now become cause for alarm as they may have reached 20 percent of the gross domestic product (GNP).
Sat, 11 Aug 2007
Bali restored in world renown tourist destination map
Jakarta (ANTARA News) - Foreign tourists have restored Bali, Indonesia`s most popular tourist destination, on their world renown tourist destination map, after canceling trips to the island paradise for some time following the terrorist bombings which not only claimed the lives of hundreds of...
Fri, 10 Aug 2007
Bali’s forex from handicraft exports reaches US$118.4 million
DENPASAR (Antara): Bali’s foreign exchange from exports of various handicraft products in the first semester of 2007 reached US$118.4 million or increased by 14.3 percent compared to US$103.5 million in the same period of 2006, a local official has said.
Thu, 09 Aug 2007
IFC to help promote Yogyakarta`s investment opportunities
Yogyakarta (ANTARA News) - The International Finance Corporation (IFC), the World Bank`s private sector division, will help promote investment opportunities and create fields of employment in Yogyakarta, an IFC official said.
Thu, 09 Aug 2007
Chinese businesses interested in building Aceh-Medan highway
Banda Aceh (ANTARA News) - A Chinese company, "Cina Sfeco Representatif", is studying the possibility of building a 460-km highway between Banda Aceh city and Aceh Tamiang in the eastern part of Nanggroe Aceh Darussalam province.
Tue, 07 Aug 2007
RI, China War!
This is just getting bizarre. This will achieve nothing positive for the Chinese or the Indonesians and will only serve to create more problems and suspicion. At what point does someone like SBY just say to the ministers and the VP to sit down and shut...
Tue, 07 Aug 2007
House urges govt to renegotiate oil, gas contracts
Jakarta (ANTARA News) - The House of Repreentatives (DPR)`s Budget Committee has asked the government to renegotiate the terms in its cooperation contracts with oil and gas exploration contractors following the discovery of cost-recovery markups committed by the contrators, a spokesman said.
Tue, 07 Aug 2007
Indonesia 3rd quarter GDP seen up 6.2 percent yoy led by exports - BI
Jakarta (ANTARA News) - Indonesia's gross domestic product (GDP) in the three months to September is predicted to grow 6.2 percent year-on-year driven by stronger exports, Bank Indonesia (BI) said Tuesday.
Tue, 07 Aug 2007
Medco to start building US$600 mln geothermal power plant next month
Jakarta (ANTARA News/Asia Pulse) - The consortium of PT Medco Energi Internasional (JSX:MEDC), Ormat International Inc and Itochu Corp is set to start construction of the US$600 million Sarulla geothermal power project in North Sumatra next month.
Tue, 07 Aug 2007
In Indonesia, take customer satisfaction with a pinch of salt
That leaders are elected to office by the people is a humbling fact that's often forgotten by the elected, as well as those who put them in power.In Asia, certainly in Indonesia, leaders enjoy an unusual degree of almost unquestioned respect until they self-destruct. Or become insufferable.
Tue, 07 Aug 2007
RI plans tax incentives to lure Korean investors
A package of incentives including easier licensing procedures and breaks is being formulated by Indonesia, already host to some 1,100 Korean businesses, to help lure more Koreans to the country, an investment forum here was told Monday.M.
Tue, 07 Aug 2007
Govt to guarantee power plant projects
The government has agreed to fully guarantee the financing of new power plant projects that state power company PT PLN has offered to investors, in an attempt to put the delayed projects back on track.Finance Minister Sri Mulyani Indrawati, however, asserted said the blanket guarantee would only...
Mon, 06 Aug 2007
Monorail Financing Reviewed
TEMPO Interactive, Jakarta: The plan of the banking sector to finance the monorail development project apparently has been delayed again.Sudaryanto Sudargo, PT Bank Rakyat Indonesia Tbk.'s Director, said that so far banks are still awaiting the commitment of the Jakarta Provincial Government.
Mon, 06 Aug 2007
Rabobank set to expand into Indonesian retail banking
Antonio was actually having lunch with him at the time of the blast. I can't imagine how you cope with something like that.
Mon, 06 Aug 2007
Rabobank set to expand into Indonesian retail banking
Antonio da Silva Costa's predecessor Hans Winkelmolen was killed in the Marriott blast.
Mon, 06 Aug 2007
Rabobank set to expand into Indonesian retail banking
Hmmm -- as they are one of the few banks (if not the only bank) to have a AAA rating I would imagine that your money would be safer here than anywhere else.They have some very talented people in Indonesia at the moment and are going to become one of the people to watch.
Mon, 06 Aug 2007
Rabobank set to expand into Indonesian retail banking
Rabobank's cycling team is tatters. They were forced to fire their best cyclist while he was leading the Tour De France due to serious doping allegations. Then the team manager quit/was fired. Then the team director quit/got fired.
Mon, 06 Aug 2007
Rabobank set to expand into Indonesian retail banking
Urip Hudiono, The Jakarta Post, JakartaRabobank Group of the Netherlands is a global financial services provider with particular strength in banking in the food and agrobusiness sectors.Founded in 1898 through the merger of Utrecht's Co”peratieve Centrale Raiffeisen-Bank and Eindhoven's...
Sun, 05 Aug 2007
WOOD BOAT BUILDING IN EAST JAVA
English-born marine anthropologist and architect Michael Johnson spends a lot of time at Probolinggo harbor on the north coast of East Java, just messing about in boats – or to be more technical, studying their construction.
Sat, 04 Aug 2007
An Island Losing its Cultural Character
Does Bali's Sunset Road Signal the Setting Sun on Efforts to Preserve "Bali Style" in Local Architectural Values?(8/4/2007) The Indonesian language daily newspaper NusaBali has questioned in the rapid development of businesses along Kuta's Sunset Road and the lack of Balinese architectural elements...
Sat, 04 Aug 2007
US$800 Tourism Investment for Lombok
Dubai Business Group Pledges to Build Resorts and a Giant Mosque to Lure Middle East Passengers to Lombok.(8/4/2007) Taj Hamaad, an Advisor to the Dubai-based Group Emaar International Properties, have confirmed that they will invest US$800 million in a new tourism resort development in Lombok, an...
Sat, 04 Aug 2007
Strong Tourism Arrivals Nationally, But are They Enough?
Despite a Strong First Semester for National Tourism Arrivals, Will Indonesia Achieve 6 Million Visitors in 2007?(8/4/2007) The national Bureau of Statistics (BPS) reports that 2.14 million foreign visitors came to Indonesia in the first semester of 2007, an improvement of 12.
Sat, 04 Aug 2007
Govt wants to combine business incentives into single regulation
The government will combine a number of incentives to be extended to the business sector into a single regulation so as to reduce bureaucracy and prevent overlapping, a senior official says.M. Ikhsan, an assistant to the Coordinating Minister for the Economy, said Thursday that the issuance of a...
Sat, 04 Aug 2007
Country Report No. 07/272: Indonesia
Country Report No. 07/272: Indonesia: 2007 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia Full text at http://www.imf.org/external/pubs/cat/longres.cfm?sk=21250.
Sat, 04 Aug 2007
A fight for Indonesia's economic soul
JAKARTA - After nearly a decade of economic restructuring and financial de-leveraging, Indonesia has finally returned to a position of fiscal strength from the 1997-98 Asian financial crisis. Much of the credit for the turnaround lies with Coordinating Minister for the Economy Boediono, who has...
Fri, 03 Aug 2007
More tourists head to Bali
Posted Thu Aug 2, 2007 11:36am AESTNew figures released by Indonesia's Statistics Bureau show that a big jump in the number of tourists visiting the resort island of Bali is leading a revival in tourism for the whole country.
Fri, 03 Aug 2007
Temasek not running monopoly: Study
Debunking an allegation currently being investigated by the Business Competition Supervisory Commission (KPPU), a new study concludes that Singapore's Temasek Holdings does not have a monopoly over Indonesia's mobile telecoms market.
Fri, 03 Aug 2007
No Indonesian island owned by foreigners: minister
Originally Posted By: doremiIf I owned the island, don't I have the right to keep any unwanted people out of my private island? apparently not. the level of paranoia in indonesia over foreigners buying islands is ridiculous. it's not as if they can tow them away!
Fri, 03 Aug 2007
No Indonesian island owned by foreigners: minister
Batam (ANTARA News) - Maritime Affairs and Fisheries Minister Freddy Numberi said no island in Indonesia was owned by foreigners although a number were under foreign management."They only cooperate with us in developing the islands` economic potentials.
Fri, 03 Aug 2007
Challenges facing the CPO Industry in Indonesia
http://www.inusantara.com.sgAddress: 9 Raffles Place, #57-22 Republic Plaza, Singapore 048619Office: +65 6823 1525 Fax: +65 6823 1377 Mobile: +65 8183 540027th July 2007Crude Palm Oil (CPO) is presently the prime commodity in Indonesia, with the government aspiring to rival Malaysia as the...
Thu, 02 Aug 2007
368 Provincial Regulations in East Java Delay Investment
TEMPO Interactive, Surabaya: As many as 368 provincial regulations in the Province of East Java are in fact hampering business development, especially concerning investment in the region.“This is BI's (Bank Indonesia) finding.
Thu, 02 Aug 2007
Consumer finance firms expecting solid growth
After suffering financial setbacks over the past few years, the country's consumer finance firms expect significant growth in this year on the back of lower lending rates.The Indonesian Consumer Finance Association (APPI) said that the industry recorded a 20 percent increase in the amount of loans...
Thu, 02 Aug 2007
Indonesia`s PLN needs US$15.7 bln to avert power supply crisis
Jakarta (ANTARA News/Asia Pulse) - State-owned electricity company PLN will need at least US$15.7 billion to increase its power supplying capacity to keep pace with growing demand, and to ward off a power supply crisis in 2010."Around US$8.
Thu, 02 Aug 2007
Ericsson wins network expansion order from Indonesian operator Indosat
Stockholm (ANTARA News) - LM Ericsson AB said it has won a contract extension from Indonesian operator Indosat to expand its WCDMA/HSPA network in the greater Jakarta area.No financial details were disclosed.
Thu, 02 Aug 2007
Indonesia crude palm oil exports up 19.23 percent in June
Jakarta (ANTARA News) - Indonesia`s crude palm oil exports in June rose 19.23 percent to US$798.4 million from US$669.6 million in May, according to the Central Bureau of Statistics (BPS)."The exports mainly went to China and Singapore," BPS chief Rusman Heriawan said here on Wednesday.
Thu, 02 Aug 2007
Tourism arrivals to Indonesia jump 12 percent in 1st semester
Jakarta (ANTARA News) - More holiday-makers heading to Indonesia's resort island of Bali boosted overall tourist arrivals by 12.22 percent in the first half of 2007 compared to last year, according to data released Wednesday.The number of foreign tourists heading to Indonesia climbed to 2.
Thu, 02 Aug 2007
EU welcomes ASEAN plan for single market
Manila (ANTARA News) - The European Union's foreign policy chief Javier Solana on Wednesday welcomed Southeast Asia's plans to create a single market by 2015.Speaking at an Asian security summit in the Philippines, Solana said Europe was following "with the greatest interest" the plans of the...
Wed, 01 Aug 2007
Indonesian Manpower Laws
I agree 100% with you chewwy, and what's so strange is that everyone knows this is a problem, everyone vows to change it and yet nothing but lip service actually gets done. At the end of the day, those involved in the ministry and other MPs use it as a cash cow and play politics with it to keep the...
Wed, 01 Aug 2007
Indonesian Manpower Laws
someone should start an employers union to counter-lobby the other union.. ha.ha.
Wed, 01 Aug 2007
Indonesian Manpower Laws
Shame isn't it ?For the 967th time I find myself wondering why it is so difficult for me to throw money at Indonesia.∆I have never posted a delta before.
Wed, 01 Aug 2007
Indonesian Manpower Laws
A topic close to my heart and probably very little interest to anybody else is the current situation with Indonesia’s manpower regulations. You would think a country that enjoys such a large population and an abundance of natural resources would be a world leader.
Wed, 01 Aug 2007
Govt to keep CPO export tax rate at 6.5 percent
Medan, N Sumatra (ANTARA News) - The government will maintain the crude palm oil (CPO) export tax at the average rate of 6.5 percent as it is considered already ideal, Industry Minister Fahmi Idris said.