Search Archive
Search Tips
You can use boolean operators in your search:
pugilist AND basketball- Both words must appearjakarta OR surabaya- Either word can appearjakarta NOT politics- Must have jakarta but not politics+jakarta -politics- Must have jakarta, must not have politics"exact phrase"- Search for exact phrasebasket*- Wildcard (matches basketball, basket, etc.)
Thu, 01 Mar 2007
PT Telkom plans to lower Internet Speedy access rate
Can I also suggest they change the name for Slowy? Lower the price is just making it fair, right now it's so expensive for a crapy connection like that.
Thu, 01 Mar 2007
PT Telkom plans to lower Internet Speedy access rate
Nusa Dua, Bali (ANTARA News) - State telecommunications firm PT Telkom is trying to reduce the rate of Internet broadband access called Speedy by 30 percent in 2007 and by another 20 to 30 percent in 2008, the company`s director Arwin Rasyid said here.
Thu, 01 Mar 2007
Investment in construction industry to grow 10%, says industry executive
Total investment in the national construction industry is likely to increase by 10 percent to Rp 250 trillion (US$27.5 billion) this year, according to an industry executive."The investment will be used to finance both government and private-sector projects," Sulistijo Sidarto Mulyo, the president...
Thu, 01 Mar 2007
New bill offers more protection for rupiah
A House special committee was established Tuesday tasked with deliberating the new legal tender bill, which will replace provisions governing the national currency that are currently found in the Bank Indonesia Law, the Criminal Code, the 1981 Currency Counterfeiting Law and the 2003 State Finances...
Thu, 01 Mar 2007
Let us cheer, not fear, the arrival of foreign banks
The dilution of the deposit insurance scheme to a maximum of Rp 100 million (US$10,500) per account next month will unleash stronger market forces to screen banks, as depositors will have to be more careful about choosing the financial institutions they deal with.
Wed, 28 Feb 2007
Total, Chevron to Open Fuel Outlets
Oil giants Total and Chevron Corp. plan to build and operate retail fuel outlets in Indonesia this year, to heat up competition after the government ended retail fuel monopoly by state-run oil firm Pertamina in 2005, an official said Tuesday (20/2/07).
Wed, 28 Feb 2007
Motorcycle Sales Stay High
Domestic sales of motorcycles rose to 342,773 bikes last month from 266,618 a year earlier, a report by the Indonesian Motorcycle Industry Association (AISI) showed, although last month's total was below the 442,961 sold in December.
Wed, 28 Feb 2007
S. Korea’s SK Telecom Eyes Bakrie Telecom
SK Telecom Co is looking at investing in Indonesia's PT Bakrie Telecom as South Korea's top mobile operator seeks growth outside its saturated home market, the companies said on Tuesday (20/2/07)."We have been interested in the Indonesian market and studied several options," SK Telecom spokeswoman...
Wed, 28 Feb 2007
Licensing Procedures in 50 Days: President
President Susilo Bambang Yudhoyono has promised to further ease licensing procedures to ensure that businesses obtain permits within 50 working days."Business licensing is still a complicated issue. Previously, it took 151 days, but then we cut it to 97 days.
Wed, 28 Feb 2007
Indonesia on Road to Recovery – WB
Indonesia is well on the road to economic recovery from the turmoil of the 1997 Asian financial crisis, outgoing World Bank (WB) country director Andrew Steer said Thursday (22/2/07).The challenges and radical changes Indonesia has faced since the 1997 crisis and the fall of President Suharto the...
Wed, 28 Feb 2007
Indonesia's SGC to invest US$700 mln in agriculture sector
Jakarta (ANTARA News/Asia Pulse) - Agribusiness firm, the Sugar Groups Company (SGC), plans to invest US$700 million in Indonesia's farming sector."The company wants to build a sugar factory and expand its sugarcane plantations by 60,000-100,000 hectares over a period of two years," president...
Wed, 28 Feb 2007
Banks plan for credit growth of 22 pct in 2007
Jakarta (ANTARA News) - National banking sector is planning for a credit growth of 22 percent in 2007 or higher than the realization of banking credit growth of 14.1 percent in 2006, an official said."Report on the bank credit growth has already been conveyed to Bank Indonesia.
Wed, 28 Feb 2007
Kalla sticking to his guns on 20% export target
The government is insisting on a 20 percent growth target for exports this year despite a weakening global economy and internal problems, including the high cost of doing business here."We will stick by the target set by the President despite the slowing down of the world economy and some internal...
Wed, 28 Feb 2007
Controversial mine paid Indonesia US$1.6 bln in 2006
Originally Posted By: chewwyUKWow -- if they are paying that much in tax just how much money are they making from this place. The mind boggles at the figures of this operation the mind also boggles at the impact that losing this income and investment would have on the entire indonesian...
Wed, 28 Feb 2007
Yudhoyono test-drives ethanol-fuelled car
"After visiting the Sugar Group Company the president and entourage returned to the province`s capital Bandar Lampung by helicopter where he would spend a night before returning to Jakarta on Tuesday."So let me get this right ...
Wed, 28 Feb 2007
Yudhoyono test-drives ethanol-fuelled car
Seputih Mataram, Central Lampung (ANTARA News)- President Susilo Bambang Yudhoyono test-drove a car running on ethanol produced by PT Indo Lampung Distillery here on Monday.President Yudhoyono drove the green car around the test arena, flanked by Lampung governor Sjachroedin ZP, after visiting the...
Wed, 28 Feb 2007
Controversial mine paid Indonesia US$1.6 bln in 2006
Jakarta (ANTARA News) - US mining giant Freeport-McMoRan Copper and Gold Inc. paid the Indonesian government 1.6 billion dollars last year from its vast mining operation in Papua province, mostly in taxes, the company said Monday.
Wed, 28 Feb 2007
What's changing in the texture of Indonesian society?
How time flies. Indonesia will soon be celebrating a decade of democracy. Three out of four people from around the country continue to believe that "democracy is working".With democracy came freedom of expression and freedom of the individual, and media and political freedoms.
Wed, 28 Feb 2007
BI sees stable rupiah for rest of 2007
The central bank is confident that the rupiah will remain within a trading band of between Rp 9,000 and Rp 9,500 against the U.S. dollar this year, despite a likely nudging up of consumer prices ahead."The chance for the rupiah to trade at below Rp 9,000 per dollar remains, but a comfortable level...
Wed, 28 Feb 2007
Kontan takes on Bisnis Indonesia, Investor Daily
kontan.jpgKontan, a weekly business tabloid, has taken the plunge into the daily wars by becoming a broadsheet daily. The paper, a subsidiary of the Kompas Gramedia Group, launched its first daily edition today bringing it into direct competition with Bisnis Indonesia, Investor Daily.
Tue, 27 Feb 2007
Indonesia Plans to Tender Geothermal Areas This Year
JAKARTA - Indonesia plans to tender seven geothermal areas this year to generate around 575 megawatts of electricity, a senior energy ministry official said on Friday.Indonesia, Asia Pacific's only OPEC member, is tapping alternative sources of energy to meet rising power demand and cut consumption...
Tue, 27 Feb 2007
Pertamina Agrees to Joint Venture for CPP Management
TEMPO Interactive, Jakarta: PT Pertamina has stated its willingness to set up a joint venture company to manage the Coastal Plain Pekanbaru (CPP) oil block in Riau.So far there has not been any official discussion between PT Bumi Siak Pusako, a Regional-Owned Enterprise in Siak, and PT Pertamina...
Tue, 27 Feb 2007
Take risks, expand coverage: Nokia Siemens tell 3G operators
Following market liberalization and reform in the international telecommunications industry, Nokia and Siemens announced plans to join forces in a 50:50 joint venture under the banner of Nokia Siemens Networks (NSN), during the recent 3GSM (Global System for Mobiles) World Congress in Barcelona.
Fri, 23 Feb 2007
SBY tells local leaders not to scare off investment
President Susilo Bambang Yudhoyono has promised to further ease licensing procedures to ensure that businesses will be able to obtain permits within 50 working days."Business licensing is still a complicated issue. Previously, it took 151 days, but then we cut it to 97 days.
Thu, 22 Feb 2007
Mortgage lending in Indonesia: Potential and obstacles
Declining interest rates, rising purchasing power and a favorable demographic structure all would seem to be highly supportive of growth in mortgage lending.Data on Bank Indonesia's website shows that outstanding mortgage loans amounted to nearly Rp 73 trillion as of December 2006.
Wed, 21 Feb 2007
Don't crowd bond market: IMF
The International Monetary Fund (IMF) said Monday that Indonesia's plan to increase sales of government bonds on the domestic market would be positive for the economy, but warned that excessive resort to the debt market could lead to crowding-out.
Tue, 20 Feb 2007
Renewable Energy to Power Villages
Indonesia aims to have 2,000 energy self-sufficient villages powered by hydro, solar or bio-fuel resources by 2009, according to Energy and Mineral Resources Minister Purnomo Yusgiantoro.The country currently has 140 villages capable of meeting all their own energy needs, Antara news agency quoted...
Tue, 20 Feb 2007
Warehouse Receipts to be Used to Secure Loans
Bank Indonesia (BI) is set to issue a directive providing a legal basis for the country's banks to accept warehouse receipts as collateral, Trade Minister Mari Pangestu said Tuesday (13/2/07)."For a warehouse receipt to be used as collateral, there needs to be an intermediary bank.
Tue, 20 Feb 2007
Shoe Orders Increase
Six major international footwear companies increased their orders from Indonesia to a combined $51.8 million this year, from $47.8 million last year, after the European Union (EU) extended anti-dumping duties on shoes made in China and Vietnam for another five years, the Investor Daily reported.
Tue, 20 Feb 2007
Foreign Retailers Not Restricted
A presidential regulation on modern retail market, to be issued in March, will not restrict the operation of foreign retail chains, which have been criticized by some for the massive inroads they are making into the market.
Tue, 20 Feb 2007
Investment Incentives to be Offered
Indonesia plans to offer new incentives in a bid to attract $5 billion of domestic and foreign investment into its raw materials sector, the state investment agency (BKPM) said on Tuesday (13/2/07).The government is considering offering tax breaks and guarantees for supplies as it seeks to draw...
Tue, 20 Feb 2007
FDI Expected to Improve
Actual foreign direct investment (FDI) in Indonesia dipped in January from the same period last year, data showed on Thursday (15/2/07), but the state investment agency (BKPM) said full-year investment is likely to pick up.The agency said actual FDI last month fell to Rp2.7 trillion ($298.
Tue, 20 Feb 2007
2006 GDP Growth at 5.5%
The economy put on a spurt in the fourth quarter last year, with gross domestic product growing 6.1% year-on-year, according to Rusman Heriwan, head of the Central Bureau of Statistics (BPS).The World Bank called for more government spending, say it had reaped a windfall of $15 billion and should...
Tue, 20 Feb 2007
VEEP: govt to reduce number of state companies from 139 to 69 by 2009
Jakarta (ANTARA News) - Vice President M Jusuf Kalla said the government in the next years will have to reduce the number of state owned companies from 139 to 60 through privatization, mergers or liquidation."The target in 2009 is set at 69 state owned companies.
Tue, 20 Feb 2007
Government Guarantees Infrastructure Financing
TEMPO Interactive, Jakarta: The government will guarantee the development of infrastructure projects that are financed by national banks.This statement was made by the Coordinating Minister for the Economy Boediono.
Tue, 20 Feb 2007
GE eyes Indonesian energy, water treatment projects
General Electric, the widely diversified U.S.-based global conglomerate, is upbeat about the global business environment, saying that 2007 will be the first year that businesses outside the U.S. will account for a higher proportion of its revenues than that of its base.
Mon, 19 Feb 2007
Biofuel to power Indonesia's anti-poverty drive
Indonesia is embarking on an ambitious biofuel programme which has already attracted more than 17 billion dollars in foreign and domestic investment and criticism from conservationists worried about the country's forests.
Mon, 19 Feb 2007
RI`s economic growth in 2006 down 0.1 percent
Jakarta (ANTARA News) - The Indonesian economy grew by 5.5 percent last year, down by 0.1 percent from a year earlier due to lower-than-expected investment, the Central Bureau of Statistics (BPS) said on Friday.Investment grew by 2.9 percent last year against 10.8 percent in 2005 and 14.
Mon, 19 Feb 2007
Major oil companies in race for 12 oil and gas blocks
The government is in the process of selecting the winners of last August's tender for the development of 12 oil and gas blocks with potential reserves of between 30 and 400 million barrels of oil equivalent, according to a senior official.
Mon, 19 Feb 2007
Mobile-8 gears up for major expansion
Strengthened by its unique market positioning, PT Mobile-8 Telecom Tbk will see off growing competition from existing operators and foreign entrants to the Indonesian market through a massive network expansion, a senior company executive says.
Sun, 18 Feb 2007
Intellectual-property rights still not secure in RI
The government still has a lot of work to do as regards the protection of intellectual property, despite a pat on the back last year when the U.S. upgraded Indonesia's status in the fight against piracy.The U.S.
Wed, 14 Feb 2007
RI has funds to spur growth, says World Bank
As a result of prudent macroeconomic policies, the Indonesian government now has sufficient resources to finance the country's infrastructure development and reduce poverty, according to a World Bank report.
Wed, 14 Feb 2007
Flood-loss estimate almost doubled to Rp 8 trillion
The losses caused by the massive flooding in Greater Jakarta last week may reach up to Rp 8 trillion (US$879 million), almost double the earlier estimate of about Rp 4.3 trillion, a senior official at the National Development Planning Agency (Bappenas) says.
Wed, 14 Feb 2007
Official assures foreign retailers new regulation will not restrict operations
The presidential regulation on the modern retail market scheduled to be issued in March will not restrict the operation of foreign retail chains, which have been criticized by some for the massive inroads they are making into the Indonesian market.
Wed, 14 Feb 2007
Government to Distribute 20,000 Units of Software
TEMPO Interactive, Jakarta: The Research and Technology Ministry will distribute 20,000 compact discs of Indonesia’s software Go Open Source (IGOS) 2006.This software will be distributed to all governmental institutions; universities, open sources communities and Islamic boarding schools...
Wed, 14 Feb 2007
Indonesia's BSP to build four more CPO processing plants
Jakarta (ANTARA News/Asia Pulse) - Publicly listed plantation company PT Bakrie Sumatera Plantations (BSP) (JSX:UNSP) said it plans to build four more crude palm oil processing plants in Sumatra at a total estimated cost of US$22 million, BSP Development Director M. Iqbal Zainuddin said.
Wed, 14 Feb 2007
Singaporean firm to acquire over 25 % of Trimegah shares
Jakarta (ANTARA News) - Singaporean investment company Excel Holdings Private Limited which is fully owned by Oversea-Chinese Bank Corporation Ltd (OCBC Bank) will acquire more than 25 percent of the paid-up shares of PT Trimegah Securities (TRIM) from some of the latter`s stakeholdders, an Excel...
Wed, 14 Feb 2007
RI`s palm oil badly needs certification for export purposes
Medan, North Sumatra (ANTARA News) - Indonesia`s palm oil badly needed certification for export following allegations from non-governmental organizations and many other quarters in Europe that the use of the product was not friendly to the environment, a businessman has said.
Wed, 14 Feb 2007
Gayo dedicates revitalized coffee industry in Gayo highlands
Jakarta (ANTARA News) - Dignitaries gathered in the Gayo highlands outside Takengon on February 10 to celebrate the dedication of a coffee plantation project that will revitalize the premium coffee industry of Central Aceh, Nanggroe Aceh Darussalam province, a statement said.