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Wed, 07 Feb 2007
Govt. Debt Down at 42% of GDP
The government reduced its debt to 42% of gross domestic product in 2006 from 48% in 2005, President Susilo Bambang Yudhoyono said in a speech Wednesday (31/1/07)."We will continue to reduce the level to 35% this year," Dr. Yudhoyono said, according Dow Jones Newswires.
Wed, 07 Feb 2007
Economy Grew 6.5% in Q4 2006
Indonesia's economy expanded 6.5% in the fourth quarter of 2006 from a year earlier on rising consumer spending, Bank Indonesia (BI) said Tuesday (30/1/07), according to Bloomberg News.It was the fastest growth since December 2004, the central bank said in a report published on its website.
Wed, 07 Feb 2007
Global Bill to Launch, Fitch and Moody’s Raise Rating
Indonesia began marketing an international bond on Friday (2/2/07), while Fitch and Moody’s ratings agencies revised its outlook for the country's foreign and local-currency rating to positive from stable.
Wed, 07 Feb 2007
Call to Arms on Corruption
President Susilo Bambang Yudhoyono on Wednesday (31/1/07) called on Indonesians to join the fight against rampant corruption."I call on all the people of Indonesia not to be dizzied and not to be pessimistic about efforts to eradicate corruption," Dr. Yudhoyono said in his annual New Year speech.
Wed, 07 Feb 2007
Indonesia insurance claims from floods may top rp500 bln
Jakarta (ANTARA News) - Insurance claims for losses from floods that inundated Jakarta and nearly towns over the past four days could reach over 500 bln rupiah, an industry official said."Judging from the size of the area that was inundated by the flood, I estimate that the total insurance claim...
Wed, 07 Feb 2007
PLN suffering rp17 b loss per day due to Jakarta floods
Jakarta (ANTARA News) - State electricity firm PT PLN has been suffering a loss of Rp17 billion a day due to a temporary cut in power supply to around 1 million subscribers in flood-affected areas in Jakarta and environs since last Friday.
Wed, 07 Feb 2007
Who stopped the tech revolution in Indonesia?
Look around you. Words, pictures and sounds vying for your attention as you go to work every day. Many more when you get back home. While you may subconsciously witness a thousand messages in Metro Indonesia today, rural Indonesians maybe see a hundred.
Wed, 07 Feb 2007
Govt lifts VAT from primary products
In order to boost the farm sector, the government has lifted value-added tax (VAT) on a variety of goods and commodities, including agricultural machinery and primary agricultural products.Under a new government regulation, there are six categories of goods that will be exempted from VAT.
Wed, 07 Feb 2007
Auto dealers to provide special deals for flood-damaged cars
To assist customers whose cars have been damaged by the worst Jakarta floods in living memory, carmakers and dealers are preparing special "repair packages", and will also extend workshop hours."Based on our experiences in 2002, we are now preparing service packages for the repair of flood-damaged...
Wed, 07 Feb 2007
Massive biofuel program to go ahead despite int'l concerns
International criticism of Indonesia's massive biofuel development program will not affect the project, which is expected to turn the country into one of the biggest biofuel producers in the world, says an official.
Wed, 07 Feb 2007
Tax Intensification to be Started
TEMPO Interactive, Jakarta: The Taxation Directorate General has started to increase the number of registered taxpayers.As a project pilot, the government has appointed Jakarta, where tax intensification will be specially aimed at individuals through a property-based approach.
Tue, 06 Feb 2007
Panorama to build apartments in Bali
I'll heed your advice.Thanks for the link (will check it out later).
Tue, 06 Feb 2007
Panorama to build apartments in Bali
Originally posted by: nwgirlIf I paid $200,000 wasn't the apartment mine, Kuku? I'm not clear on your last stmt. ask them, what sort of title will i get? the answer will be a lot of mumbo jumbo about Hak Milik and nominees.
Tue, 06 Feb 2007
Indosat seeking double-digit growth amid tough competition
financial reports -- or more correctly, annual reports -- should be available directly from Indosat public relations, or from the BEJ.Stock DetailStock Market JSXCode ISATCompany Indosat TbkLast 6,000 Change -100Bid 6,000 Ask 6,050High 6,000 Low 5,950Open 5,950 % Change -1.
Tue, 06 Feb 2007
Panorama to build apartments in Bali
If I paid $200,000 wasn't the apartment mine, Kuku? I'm not clear on your last stmt.
Tue, 06 Feb 2007
Indosat seeking double-digit growth amid tough competition
Kuku,How do I get a hold of the financial reports of Indosat??? What's the current share price, or PE??
Tue, 06 Feb 2007
Panorama to build apartments in Bali
i would not believe too much of what they claim.the very first question you should be asking is, "do i own it?"in this case, i can guarantee that the answer will be "no".
Tue, 06 Feb 2007
Panorama to build apartments in Bali
To attract more buyers, the group is offering a 6 percent guaranteed rental return per annum for the first three years of operation. -- JP So if I buy this one-bedroom flat in Bali for $200,000, I can then rent it out for $1000 USD a month? (guarantee according to this).
Tue, 06 Feb 2007
Panorama to build apartments in Bali
JAKARTA: Tourism business the Panorama Leisure Group is planning to build a boutique hotel and apartment complex in Seminyak, Bali in what the management says is a vote of confidence in the island's tourism prospects.
Tue, 06 Feb 2007
Indosat seeking double-digit growth amid tough competition
Established in 1967 to provide international telecommunication services, PT Indosat officially began operations in 1969.In 1980, the government acquired all of the company's shares and turned it into one of Indonesia's most successful state-owned firms.
Tue, 06 Feb 2007
RI waits for investors to exploit gas deposits
With total reserves of 453 trillion cubic feet (TCF), or about 81.5 billion barrels of oil equivalent, Indonesia has the largest coal-bed methane (CBM) deposits in the world after China.CBM -- natural gas formed by the activity of microbes during the coal-forming process, and trapped amid coal beds...
Tue, 06 Feb 2007
Malaysia's Zelan eyer major power plant in Indonesia
Kuku,I appreciate the postings on current events/business news etc.
Tue, 06 Feb 2007
BI may reduce rate further to 9.25% on prices data
Slower inflation in January gives the central bank room to further cut rates, analysts say, although not as aggressively as previously due to the need to guard against possible upward inflationary pressures and global rate trends ahead.
Tue, 06 Feb 2007
Kalla invites major Indian steel companies to invest in Indonesia
The Jakarta Post, JakartaVice President Jusuf Kalla is attempting to convince major Indian major steelmakers, including Essar, Tata Steel and Ispat Steel, to invest in Indonesia.Kalla, who is currently on an official visit to India, told India's steelmakers that now was an opportune time for them...
Tue, 06 Feb 2007
IDB ready to finance micro, small and medium enterprises
Medan, North Sumatra (ANTARA News) - The Islamic Development Bank (IDB) was interested in financing micro, small and medium scale businesses in North Sumatra and Nanggroe Aceh Darussalam provinces after its regional director had visited the Shariah Fair and UMKM Bazaar held on Jan 14 through Feb 4...
Tue, 06 Feb 2007
Malaysia's Zelan eyer major power plant in Indonesia
Kuala Lumpur (ANTARA News) - Fresh from securing a major infrastructure project in Saudi Arabia, Zelan Bhd expects to clinch another major power plant deal in excess of 1 bln rgt in Indonesia, the New Straits Times newspaper reported.
Sat, 03 Feb 2007
BPS to use new inflation rating system in 2008
well, according to official figures, inflation for Jan-Dec 2006 was 6.6%."crap", you say? perhaps that's why the World Bank has it's own way of looking at indonesia's economy.just read what the moron from the BPS was rabbitting on about. then ask yourself, can i trust their statistics?
Sat, 03 Feb 2007
BPS to use new inflation rating system in 2008
Kuku, any idea what the inflation rate for last year (not sure if I even trust the official number)? It will be interesting to see what the COLA for gov't workers will be.
Sat, 03 Feb 2007
Govt told it's time for more action
While welcoming President Susilo Bambang Yudhoyono's speech on Wednesday, which emphasized the need to intensify efforts to boost investment, economists say that now is the time for "less talk and more action.
Sat, 03 Feb 2007
S'pore's Frontline enters local IT market
Frontline Technologies Corporation Ltd., a Singapore-based IT services provider, has agreed to purchase a 49 percent stake in PT E Metrodata Com (EMC) -- a subsidiary of publicly listed IT company PT Metrodata Electronics.The deal is worth US$1.9 million.
Sat, 03 Feb 2007
RNI to invest $58m in bioenergy
State-owned agroindustry firm PT Rajawali Nusantara Indonesia (RNI) is planning to develop three bioenergy plants worth US$58 million to produce bioethanol and electricity by 2009.RNI's director for business development, Son Ramadir, said Wednesday that one of the plants would be constructed at the...
Sat, 03 Feb 2007
BPS to use new inflation rating system in 2008
Jakarta (ANTARA News) - The Central Bureau of Statistics (BPS) said it will use a new inflation rating system starting in July 2008 based upon a cost of living survey to be carried out this year."This year, we will conduct the cost of living survey to find a new package of commodities or a new...
Sat, 03 Feb 2007
Pertamina Good Governance Drive
State oil firm PT Pertamina has embarked on an internal reform program under new leadership and has reaped billions of dollars in investments to double its oil and gas output.Speaking to the media on Thursday (25/1/07), Pertamina president Ari H Soemarno said he had launched the internal...
Sat, 03 Feb 2007
2007 Vehicle Sales Seen Up 25%
The country’s domestic vehicle sales are likely to rise 25% this year, marking a recovery in the sector hit by high interest rates and weak purchasing power, a trade body said on Thursday (25/1/07).High fuel prices and interest rates sent vehicle sales down 40% last year to 318,883 units after a...
Sat, 03 Feb 2007
Hutchison Set to Start Mobile Services
Hutchison Telecommunications International, which has operations from Hong Kong to Ghana, says it is on track to start offering mobile telephone services in Indonesia this quarter.The company also clarified its commitment to its Indonesian mobile business with planned capital expenditure of $750...
Sat, 03 Feb 2007
Retailers Expect 17% Sales Growth
Major retailers expect sales growth of about 17% this year, slightly lower than the 20% recorded in 2006."We have calculated all the figures gathered from our members and have come up with a sales growth target of 17% from about Rp50.8 trillion ($5.
Sat, 03 Feb 2007
Saudi Group Plans to Invest $2b
Saudi Arabian conglomerate the Savola Group plans to invest $2 billion in a number of business areas in Indonesia.The group will team up with local partners to do business in the food and beverage industry, retail business, agribusiness and property sector, an executive of the Indonesian Chamber of...
Sat, 03 Feb 2007
Interest in ‘Palapa Ring’ Project
Five companies have expressed interest in taking part in a $1.517-billion broadband fiber optic mega-project tender, an official said Tuesday (23/1/07)."The five companies have already met requirements for participation in the tender on the Palapa Ring mega-project," Yusuf Iskandar, Director...
Sat, 03 Feb 2007
President Promises to Distribute Land
TEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono has promised to start the Agrarian Reform Program or distribution of land for the people starting this year.“This is what I call as the principle of “Land for People’s Justice and Welfare,” said the President in his state of the...
Sat, 03 Feb 2007
Cisco Dominate Indonesian Market
TEMPO Interactive, Jakarta: Cisco Systems, a telecommunication network provider operator, dominates around 70 percent of the Indonesian market.To expand the scope of its income, Cisco has carried out expansion by now providing product services to end-users.
Sat, 03 Feb 2007
Phyto-industry Agrees Upon Palm Oil Export Levy
TEMPO Interactive, Jakarta: The Indonesian Vegetable Oil Industry Association (GIMNI) has proposed that the crude palm oil (CPO) export levy be seven percent rather than 1.5 percent.The proposal has taken into account the capabilities of downstream industries and palm oil farmers.
Sat, 03 Feb 2007
House Supports Indosat Buy-Back
TEMPO Interactive, Jakarta: The House Budget Commission has said it considers that the shares ownership domination by Singapore Technologies Telemedia Pte. Ltd (STT) is too large.Telecom’s involvement in PT Indonesian Satellite Corporation Tbk.
Fri, 02 Feb 2007
SBY calls for concerted efforts to overcome obstacles to investment
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has called on government institutions, lawmakers, law enforcers, business people and the people at large to join hands in overcoming the various problems impeding the flow of investment into the country.
Fri, 02 Feb 2007
Government focuses on three sectors, president says
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said the government is focusing on alleviating poverty, developing the national economy and encouraging the nation`s self reliance."What we are doing and will do in the near future are to improve the people`s welfare, firstly, by...
Fri, 02 Feb 2007
Government Studies Oil Palm Restriction Plan
TEMPO Interactive, Jakarta: The government has asked that the plan to increase levies or export restrictions on crude palm oil (CPO) be observed comprehensively.Up until today, the Department of Finance is still examining the plan.
Fri, 02 Feb 2007
Govt to go guarantor for infrastructure projects
The government will issue guarantees to domestic banks to help encourage more bank lending to finance infrastructure projects and armaments procurements, a minister has said."We must provide them with letters of guarantee.
Sun, 28 Jan 2007
Mining Companies Asked to Increase Production
I was referring to all of Newmont's operations in Indonesia, even tho' the minister is talking about Batu Hijau (on Sumbawa) and the court case is Minahasa (on Buyat Bay in N. Sulawesi). And the Bay is still beautiful, that is the whole point of the defense's argument.
Sun, 28 Jan 2007
Mining Companies Asked to Increase Production
just read the court records, Pity that area was a beautiful pristine place
Sun, 28 Jan 2007
Mining Companies Asked to Increase Production
Out of Curiosity which Newmont mine are we referring to here, it isnt Minahasa by any chance Reason I ask is I worked to build that mine
Sat, 27 Jan 2007
Pertamina sheds corrupt practices, earns billions
They would make even more if they were able to stop shit like this!