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Wed, 17 May 2006
Govt to boost investment to accelerate growth
Govt to boost investment to accelerate growthThe Jakarta Post, JakartaThe government will work hard to try to boost investment in the second quarter of this year in order to accelerate economic growth following a dismal first quarter performance, Finance Minister Sri Mulyani Indrawati has said.
Wed, 17 May 2006
Tripatra got Cirebon power plant
yes, and especially at the moment, they are up to all sorts of tricky dealings.
Tue, 16 May 2006
Tripatra got Cirebon power plant
Tuesday, May 16, 2006Tripatra got Cirebon power plantIt's just another friend. Bakrie Power lost the bidding to build 600 MW power plant in Cirebon, but it paves the way for Tripatra Engineering-Marubeni-Samtan-Komipo.
Tue, 16 May 2006
Rupiah weakens significantly on Tuesday
May 16 15:25Rupiah weakens significantly on TuesdayJakarta (ANTARA News) - The rupiah exchange rate against the US dollar decreased to Rp9,200/9,210 in the spot market here Tuesday morning, dwindling by 205 points from Rp8,895/8.900 when the Indonesian currency was traded on Monday.
Mon, 15 May 2006
Government to Build International Internet Backbone
Government to Build International Internet BackboneMonday, 15 May, 2006 | 16:34 WIBTEMPO Interactive, Jakarta: The government will build an international Internet backbone in Indonesia which will mean cheaper bandwidth prices for the general public.
Mon, 15 May 2006
Electricity Tariff for Industry
Electricity Tariff for IndustryMonday, 15 May, 2006 | 17:01 WIBTEMPO Interactive, Jakarta: The State Electricity Company (PT PLN) will still put into effect a disincentive rate or Dayamax Program for industry using electricity at peak loads between 5pm and 10pm.
Mon, 15 May 2006
Rupiah lower vs dollar on technical rebound factor
Considering for the highly depreciation economic pressure which could obstruction of macro economic stabilization, BI take some steps including of trying to make the rate of exchange value being stabilized.
Mon, 15 May 2006
Rupiah lower vs dollar on technical rebound factor
May 15 10:11Rupiah lower vs dollar on technical rebound factorJakarta (ANTARA News) - The rupiah fell against the dollar in early deals as the US unit saw a technical rebound after recent falls, dealers said. At 9:35 am, the rupiah was at 8,845/8,855 to the dollar compared to 8,730/8,735 on Friday.
Mon, 15 May 2006
Minister says draft law will drive investment
Minister says draft law will drive investmentBenget Simbolon Tnb., The Jakarta Post, JakartaIndonesia is banking on an investment draft law recently submitted to the House of Representatives to improve the business climate and the flow of investment into the country.
Mon, 15 May 2006
Hefty dividend rumored for Bumi Resources investors
Hefty dividend rumored for Bumi Resources investorsThe Jakarta Post, JakartaObservers expect publicly listed mining concern PT Bumi Resources, the country's largest coal producer, to provide a hefty annual and interim dividend of Rp 200 per share to investors.
Mon, 15 May 2006
Surf's up for Australian business in Indonesia
Surf's up for Australian business in IndonesiaDuncan Graham, ContributorHaving surfing as a major interest on your resume probably wouldn't endear you to most bosses.Surfers don't have a great public image, despite SurfAid International programs in isolated areas of the archipelago where...
Sat, 13 May 2006
Govt to shorten process to obtain import-export permits
May 13 01:10Govt to shorten process to obtain import-export permitsJakarta (ANTARA News) - The Indonesian government plans to shorten the process to obtain export-import permits from about 10-30 days to only 30 minutes as part of the implementation of the National Single Window (NSW) program, an...
Fri, 12 May 2006
BPS: Economic Census Requires Rp400 Billion
BPS: Economic Census Requires Rp400 BillionFriday, 12 May, 2006 | 16:03 WIBTEMPO Interactive, Jakarta: The Central Statistics Bureau (BPS) will begin the economic census 2006 on Monday. A Rp400 billion fund is estimated for this. According to the Deputy of Economic Statistics Department at BPS, R.
Fri, 12 May 2006
Indonesia's state firms start using biodiesel fuel
i'm getting a lot of enqiries at the moment relating to biofuels ... people wanting to set up plantations, oil processing plants, and the like ... but i'm not sure the economics are there yet: subsidised deisel is Rp4300 a litre, CPO is Rp6500 on the world market ...
Fri, 12 May 2006
Indonesia's state firms start using biodiesel fuel
Hmm good prospect of business, I will get more money coz I am living in the jungle of palm oil
Fri, 12 May 2006
Indonesia's state firms start using biodiesel fuel
May 12 11:20Indonesia's state firms start using biodiesel fuelJakarta (ANTARA News) - A number of major state companies have reportedly agreed to use biodiesel to substitute oil fuel.Bisnis Indonesia daily reported that electricity company PLN, plantation company PT PN VII and railway company PT...
Fri, 12 May 2006
Govt told not to meddle in Cemex, Rajawali affair
Govt told not to meddle in Cemex, Rajawali affairThe Jakarta Post, JakartaThe government's reluctance to approve Mexican cement giant Cemex SA's sale of its stake in PT Semen Gresik to Rajawali Group has drawn criticism for possibly sabotaging a solution to the embarrassing four-year-old saga of...
Fri, 12 May 2006
Increase investment in pharmaceutical sector: minister
May 12 01:27RI should increase investment in pharmaceutical sector: ministerNusa Dua, Bali (ANTARA News) - Industry Minister Fahmi Idris said Indonesia must increase investment in the pharmaceutical sector to obtain cheap medical drugs.
Thu, 11 May 2006
BRR Uncovers 32 Corruption Cases
Yeah...just imagine from 7 milion dollars just 2 milion dollars, which given to Aceh then where is the other??? It's like an old song!
Thu, 11 May 2006
BRR Uncovers 32 Corruption Cases
BRR Uncovers 32 Corruption CasesThursday, 11 May, 2006 | 13:25 WIBTEMPO Interactive, Jakarta: Kuntoro Mangkusubroto, Head of the Aceh-Nias Reconstruction and Rehabilitation (BRR), has said that the BRR has uncovered 32 corruption cases in the development of Aceh following the tsunami disaster.
Thu, 11 May 2006
Indonesia's Debt Ranking Rises
In my view, standard minimum wage has to be increased dramatically both in the private and public sectors. And pay the employees a decent wage. This has to be governed and policed rigorously. That in turn will increase spending and increase consumption.
Thu, 11 May 2006
Indonesia's Debt Ranking Rises
Reformation in the inside of the goverment itself from corruptions (specially), and yes political statement or situation makes had great influence to INA economics but remember with global development, there was economic "fix up" from progressists country,and reducing price for non-oil and gas...
Wed, 10 May 2006
Indonesia's Debt Ranking Rises
in my view, the vast majority of the problems in indonesia are not economic, but political. until now successive governments have shied away from dealing with problems that impact upon economic development head-on, always preferring to defer dealing with them, or only dealing with them when it's...
Wed, 10 May 2006
Indonesia's Debt Ranking Rises
What Indonesian government need is to spent money wisely and spent it well in the area that increase INVESTORS CONFIDENCE. Projects are short term economic generetors, but, spending in the areas of Corporate Governance and Compliances, reducing red tapes, reducing (REALLY2 REDUCING) corruptions...
Wed, 10 May 2006
Indonesia's Debt Ranking Rises
The authority of economics will consistently fix up the economic structure and investment situation to make continue as a condition for economic raise., protecting for domestic industry production with bring out import garment’s policy formulation giving export-import tax inspective for capital...
Wed, 10 May 2006
Car sales in Indonesia plunge more than 50%
May 10 11:30Car sales in Indonesia plunge more than 50%Jakarta (ANTARA News) - Car sales dropped from 26,837 units in March to 22,578 units in April, the lowest monthly sales so far this year and less than 50% of sales in the same month last year.
Wed, 10 May 2006
Jakarta hopes to clean up with biodiesel fuel
Jakarta hopes to clean up with biodiesel fuelThe Jakarta Post, JakartaVehicle owners in Jakarta will have the choice of buying a more environmentally friendly alternative to diesel fuel when state oil and gas company Pertamina starts selling biodiesel fuel in its gas stations in mid-May.
Tue, 09 May 2006
Indonesia's Debt Ranking Rises
Indonesia's Debt Ranking RisesTuesday, 09 May, 2006 | 15:35 WIBTEMPO Interactive, Jakarta: Moody's Investors Service believes Indonesia's economic performance this year is becoming better. That is why this international rating organization will raise Indonesia's foreign debt ranking next week.
Tue, 09 May 2006
Govt forecasts sees weaker rupiah next year
Govt forecasts sees weaker rupiah next yearRendi Akhmad Witular, The Jakarta Post, JakartaThe government, while expecting a higher inflow of investment and export revenues, remains conservative in predicting the exchange rate of the rupiah to the greenback next year.
Mon, 08 May 2006
Activists weigh in on Oxfam graft case
Activists weigh in on Oxfam graft caseTb. Arie Rukmantara, The Jakarta Post, JakartaTo maintain the integrity of Aceh reconstruction, aid agency Oxfam International should press charges against its staff members allegedly involved in graft worth US$22,000 in its Aceh Besar office, activists said.
Mon, 08 May 2006
'Transparency reforms the key to controlling corruption'
'Transparency reforms the key to controlling corruption'Jail sentences are becoming more and more common for those judged guilty of corruption, but according Daniel Kaufmann of the World Bank, prison is not going to be enough to wipe out graft.
Mon, 08 May 2006
Rupiah likely to stay stable even if rate cut
Rupiah likely to stay stable even if rate cutUrip Hudiono, The Jakarta Post, JakartaThe country's high-yielding capital markets and strong foreign exchange reserves should help the rupiah withstand the central bank's expected cutting of its key interest rate this week, analysts say.
Sat, 06 May 2006
Govt mulling incentive package to back biofuel-related projects
Govt mulling incentive package to back biofuel-related projectsThe Jakarta Post, JakartaThe government is considering offering fiscal and administrative incentives to investors planning to produce biofuel as part of an alternative energy program designed to reduce the use of fossil-based fuels.
Sat, 06 May 2006
Regions told to streamline investment regulations
Regions told to streamline investment regulationsBenget Simbolon Tnb., The Jakarta Post, JakartaFive years after rolling out local autonomy in a bid to pave the way for better governance, regencies and municipalities should have had sufficient time by now to improve their business climates.
Sat, 06 May 2006
Rajawali aims to up SG stake after buying out Cemex
Rajawali aims to up SG stake after buying out CemexThe Jakarta Post, JakartaLocal investor, the Rajawali Group, which has agreed to purchase Mexican cement giant Cemex SA's stake in PT Semen Gresik (SG) for US$337 million, said it was interested in increasing its holding in the country's largest...
Sat, 06 May 2006
LG chooses RI for ASEAN refrigerator production base
LG chooses RI for ASEAN refrigerator production baseThe Jakarta Post, TangerangLG Electronics Indonesia opened its second Indonesian refrigerator plant Wednesday at a cost of US$16 million in Tangerang, Banten, targeting a 160 percent increase in production to 1.5 million refrigerators this year.
Sat, 06 May 2006
Cemex to sell SG stake to Rajawali
Cemex to sell SG stake to RajawaliThe Jakarta Post, JakartaCemex SA, the world's third-largest cementmaker, announced Thursday it would sell its stake in Indonesia's largest cement company PT Semen Gresik SG to local investor Rajawali Group.The Mexican-based company would sell the 24.
Sat, 06 May 2006
Microsoft exec says lack of English obstacle to IT industry
Microsoft exec says lack of English obstacle to IT industryArya Dipa, The Jakarta Post, BandungThe poor English skills of local information technology businesspeople is a main obstacle to the development of IT-based applications in Indonesia, an executive with PT Microsoft Indonesia said Thursday.
Fri, 05 May 2006
APBI urges govt to lift export duty
APBI urges govt to lift export dutyThe Jakarta Post, JakartaThe Indonesian Coal Mining Association (APBI) urged the government to drop the 5 percent duty on coal exports as it had placed a "huge burden" on the country's coal producers.
Fri, 05 May 2006
International Finance Company Aims at 20 Thousand Businesses
International Finance Company Aims at 20 Thousand BusinessesFriday, 05 May, 2006 | 16:20 WIBTEMPO Interactive, Jakarta: The International Finance Corporation (IFC-PENSA), a World Bank group company, is coupled with PT Nusantara Bona Pasogit (NBP), a holding company of thirty three People's Credit...
Fri, 05 May 2006
State Saves Rp30 Trillion From LPG Subsidy
State Saves Rp30 Trillion From LPG SubsidyFriday, 05 May, 2006 | 16:15 WIBTEMPO Interactive, Jakarta: The government estimates there will be Rp30 trillion economizing, if the oil subsidy is transferred to liquefied petroleum gas (LPG).
Fri, 05 May 2006
Saudi Arabia, Kuwait to help build oil refineries in Indonesia
May 05 10:46Saudi Arabia, Kuwait to help build oil refineries in IndonesiaJakarta (ANTARA News) - President Susilo Bambang Yudhoyono said on Thursday Pertamina and oil companies from Saudi Arabia and Kuwait will build two oil refineries in Indonesia.
Fri, 05 May 2006
Oxfam to sack Aceh staff over fraud
Friday, May 5, 2006. 6:48pm (AEST)Oxfam to sack Aceh staff over fraudThe aid group, Oxfam International, says it will take disciplinary action against 22 staff in Indonesia, after an investigation revealed fraud at one of its offices in Aceh.The organisation has since recovered $26,000 in losses.
Thu, 04 May 2006
Use of rupiah to be mandatory under new law
Use of rupiah to be mandatory under new lawThe Jakarta Post, JakartaThe government is drafting a new legal tender bill that will require individuals and businesses to use rupiah when conducting transactions within the country.
Thu, 04 May 2006
Additional regulations needed for cellular phone businesses
Additional regulations needed for cellular phone businessesThe Jakarta Post, JakartaIndonesia's cellular telecommunication business needs additional rules to assure healthy competition, a committee member of the Indonesian Telecommunications Regulatory Body (BRTI) has said.Bambang P.
Thu, 04 May 2006
Shell: Pertamina acting unfairly if dumping fuel
May 04 10:21Shell: Pertamina acting unfairly if dumping fuelJakarta (ANTARA News) - The Indonesian unit of Royal Dutch Shell Group said it does not oppose PT Pertamina's decision to sell non-subsidized fuels at lower prices near its stations, so long as it does not constitute dumping.
Wed, 03 May 2006
CPO producers seek government support
correction, Indonesia this year produce 15.4 million tonne of CPO. Indonesia government still trying our the biodiesel but you were right about the subsidy.
Wed, 03 May 2006
CPO producers seek government support
CPO producers seek government supportRendi Akhmad Witular, The Jakarta Post, JakartaPalm oil producers urged the government Tuesday to help the industry expand by providing more land, as well as help prevent environmental disputes with non-governmental organizations.
Wed, 03 May 2006
Supreme Court Chief Retained Despite Scandals
May, 03 2006 @ 10:09 amSupreme Court Chief Retained Despite ScandalsRoy TupaiDon’t expect criticism of Indonesia’s notoriously corrupt judiciary to end any time soon. Supreme Court chief justice Bagir Manan, who is embroiled in a bribery scandal and has a history of highly questionable...