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Thu, 19 Oct 2006
Indonesia free from IMF pressures
Indonesia free from IMF pressures after paying off its debtsJakarta (ANTARA News) - House Speaker Agung Laksono said that the House of Representatives (DPR) lauded the government`s step in paying off its debts to the International Monetary Fund (IMF) as it would politically and economically free...
Thu, 19 Oct 2006
National Team to Handle TNI’s Business
National Team to Handle TNI’s BusinessWednesday, 18 October, 2006 | 17:47 WIBTEMPO Interactive, Jakarta: In order to handle the businesses of the Indonesian Military (TNI), the government is establishing a National Team for TNI Business Transformation.
Thu, 19 Oct 2006
Indonesia pushes for geothermal renewal
Indonesia pushes for geothermal renewalBy ROBIN MCDOWELLASSOCIATED PRESS WRITER SALAK MOUNTAIN, Indonesia -- Indonesia, land of earthquakes and volcanos, is literally sitting on top of the solution for its energy needs: Vast reservoirs of hot water deep beneath the earth's crust can be harnessed to...
Thu, 19 Oct 2006
Bank Permata reshuffles management
Bank Permata reshuffles managementJakarta (ANTARA News) - PT Bank Permata, Indonesia's seventh largest bank by assets, has revamped its board of commissioners and directors after recent changes in the ownership structure, corporate secretary Imam Teguh Saptono said.
Thu, 19 Oct 2006
Japan's Inpex plans final test drilling at Indonesian ga
Japan's Inpex plans final test drilling at Indonesian gas fieldTokyo (ANTARA News) - Inpex Holdings Inc said it has decided to shortly launch a final test drilling at an offshore natural gas field in Indonesia to verify reserve levels and to determine whether to go ahead with commercial production...
Thu, 19 Oct 2006
Astra Argo Lestari 9 month-CPO sales 711,901 tons
Astra Argo Lestari 9 month-CPO sales 711,901 tonsJakarta (ANTARA News) - PT Astra Agro Lestari said its crude palm oil (CPO) sales volume rose 14.4 pct to 711,901 tons in the nine months to September from 622,396 tons the year before.The company said high grade "Super" CPO accounted for 59.
Thu, 19 Oct 2006
Indonesia's Jan-Sept FDI approvals $10.52 bln
Indonesia's Jan-Sept FDI approvals $10.52 blnJakarta (ANTARA News) - Approved foreign direct investment (FDI) in the nine months to September declined in value to 10.52 bln usd from 10.66 bln in the same period last year.
Thu, 19 Oct 2006
Indonesia September motorcycle sales rise to 494,111
Indonesia September motorcycle sales rise to 494,111Jakarta (ANTARA News) - Industry-wide motorcycle sales rose to 494,115 in September from 440,288 in August, according to a report compiled by the Indonesian Motorcycle Industry Association (AISI).
Thu, 19 Oct 2006
Indomobil upbeat on vehicle sales in 2007
Indomobil upbeat on vehicle sales in 2007 on easing interest ratesThe Jakarta Post, JakartaPT Indomobil Sukses International, the second largest automotive distributor and manufacturer in the country, says it is upbeat that the central bank's plan to further lower interest rates will help boost...
Thu, 19 Oct 2006
U.S. protests ban on fruit imports
U.S. protests ban on fruit importsThe Jakarta Post, JakartaThe U.S. government has lodged a protest with the Indonesian Agriculture Ministry for its decision to ban the importation of several types of fruit from the U.S.
Thu, 19 Oct 2006
Pro-business customs law on the cards for enactment
Pro-business customs law on the cards for enactmentUrip Hudiono, The Jakarta Post, JakartaExporters and importers may finally be seeing some light at the end of the tunnel as the House of Representatives appears set to approve amendments to the Customs Law that promise to cut bureaucracy and...
Wed, 18 Oct 2006
Pegadaian sees robust demand ahead of Idul Fitri celebrat
Pegadaian sees robust demand ahead of Idul Fitri celebrationThe Jakarta Post, JakartaState-owned pawn-shop operator Perum Pegadaian has set aside a total of Rp 500 billion (US$55 million), a rise of almost 70 percent from last year's Rp 300 billion, to prepare for rising demand ahead of Idul Fitri,...
Wed, 18 Oct 2006
Noodle giant to enter biofuel sector
Noodle giant to enter biofuel sectorAndi Haswidi, The Jakarta Post, JakartaThe world's biggest instant noodle maker, PT Indofood Sukses Makmur, plans to enter the biodiesel industry and, as part of the venture, to acquire 60 percent stakes worth Rp 125 billion (some US$13.
Wed, 18 Oct 2006
BI finds consumer confidence improving
BI finds consumer confidence improvingThe Jakarta Post, JakartaConsumer confidence rebounded slightly in September, the latest survey from the central bank shows, as more people said they expect rises in their incomes and better employment prospects.
Wed, 18 Oct 2006
Bank Jabar to Hold Public Offering Next Year
Bank Jabar to Hold Public Offering Next YearTuesday, 17 October, 2006 | 15:54 WIBTEMPO Interactive, Jakarta: PT Bank Pembangunan Daerah of West Java (Bank Jabar) is planning to hold an initial public offering (IPO) next year.
Wed, 18 Oct 2006
Gas Cylinder Manufacturers Complain about Pertamina
Gas Cylinder Manufacturers Complain about PertaminaTuesday, 17 October, 2006 | 16:00 WIBTEMPO Interactive, Jakarta: The Indonesian Gas Cylinder Manufacturers Association (Asitab) will complain to Vice President Jusuf Kalla because Pertamina will import gas tubes for the conversion of kerosene to...
Tue, 17 Oct 2006
Ministry proposes concerted agricultural subsidy
Ministry proposes concerted agricultural subsidyJakarta (ANTARA News) - The Research and Development Agency of the Ministry of Agriculture has proposed to the government the launching of an integrated agricultural subsidy in order to regain Indonesia`s past success in food self-sufficiency such as...
Tue, 17 Oct 2006
Indofood to acquire 3 oil palm plantation firms
Indofood to acquire 3 oil palm plantation firmsJakarta (ANTARA News) - Publicly-listed Indofood Sukses Makmur (INDF) will acquire three oil palm plantation companies with a total value of Rp125 billion (US$12.5 million), a spokesperson said.
Tue, 17 Oct 2006
Govt hints to privatize PT PGN in November
Govt hints to privatize PT PGN in NovemberJakarta (ANTARA News) - The government hints that it will begin privatizing state gas distribution firm PT Perusahaan Gas Negara (PGN) probably in November this year.
Tue, 17 Oct 2006
World Bank to Join Toll Road Project
World Bank to Join Toll Road ProjectMonday, 16 October, 2006 | 14:01 WIBTEMPO Interactive, Jakarta: The World Bank will join financing the construction of the trans-Java toll road project that the government is offering.
Tue, 17 Oct 2006
Astra planning to expand business electricity sector
Astra planning to expand business electricity sectorJakarta (ANTARA News) - Largest automotive company PT Astra International (ASII) through its subsidiary is studying a new offer made by the Indonesian government to make investment in the private electricity sector, a spokesperson has said.
Tue, 17 Oct 2006
PermataBank's net profit increases 21.6 percent in Q3
PermataBank's net profit increases 21.6 percent in Q3The Jakarta Post, JakartaPermataBank reported an unaudited net profit of Rp 223.4 billion (about US$24.2 million) in the first nine months ending on Sept. 30, representing an increase of 21.6 percent from Rp 183.
Tue, 17 Oct 2006
National shrimp output projected at 350,000 tons to be achie
interesting fact is that Indonesia are the world biggest supplier of Shrimps ... I have visited Lampung and the shrimp farm and factory are bloody massive!
Tue, 17 Oct 2006
National shrimp output projected at 350,000 tons to be achie
National shrimp output projected at 350,000 tons to be achievedJakarta (ANTARA News) - The Ministry of Marine Resources and Fisheries believed that the 2006 national shrimp production projected at 350,000 tons, would be achieved.Made L.
Tue, 17 Oct 2006
Astra leads as vehicle sales up 21.5% in Sept.
Astra leads as vehicle sales up 21.5% in Sept.Andi Haswidi, The Jakarta PostThe Association of Indonesian Automotive Manufacturers (Gaikindo) has reported a 21.5 percent rise in vehicle sales, excluding motorcycles, in September to 34,100 units from 28,000 units in August.
Tue, 17 Oct 2006
Govt to put shares in 14 SOEs up for grabs
Govt to put shares in 14 SOEs up for grabsThe Jakarta Post, JakartaA minister has announced that the state will sell stakes in 14 state-owned enterprises (SOEs) next year to help improve their performances and finance the budget deficit.
Tue, 17 Oct 2006
Incentives for Investors Not Ready
Incentives for Investors Not ReadyFriday, 13 October, 2006 | 12:50 WIBTEMPO Interactive, Jakarta: The Department of Public Works has not yet settled on incentives that can be granted to investors in its bid on a number of projects for the second infrastructure meeting in early November of this year.
Tue, 17 Oct 2006
Pertamina and PLN Must Pay Karaha Bodas
Pertamina and PLN Must Pay Karaha BodasFriday, 13 October, 2006 | 15:00 WIBTEMPO Interactive, Jakarta: he Deputy Minister of State Enterprises, Roes Aryawijaya, stressed that PT Pertamina and PT PLN must pay the fine and interest to Karaha Bodas Company.
Tue, 17 Oct 2006
Trials and travails of Indonesia's richest man
Trials and travails of Indonesia's richest manBy Bill GuerinJAKARTA - Publicity-shy paper and plantation magnate Sukanto Tanoto is in Indonesia's national headlines after topping two high-profile lists.
Tue, 17 Oct 2006
Batam to be elected as RI-Singapore tourist gate
Batam to be elected as RI-Singapore tourist gateJakarta (ANTARA News) - The city of Batam will become a bridge of tourism and tourist destination between Indonesia and Singapore under a strategic partnership between Citilink, the low-cost based airlines and Singapore Tourism Board (STB).
Fri, 13 Oct 2006
Astra International Aiming at Electricity Power Genera
Astra International Aiming at Electricity Power Generating Plant ProjectsThursday, 12 October, 2006 | 15:26 WIBTEMPO Interactive, Jakarta: PT Astra International Tbk is targeting several of electricity generating plant and toll road projects that the government is going to offer.
Fri, 13 Oct 2006
Flexi BTS Tender Participants to be Announced
Flexi BTS Tender Participants to be Announced Next WeekThursday, 12 October, 2006 | 16:07 WIBTEMPO Interactive, Jakarta: PT Telekomunikasi Indonesia (Telkom) Tbk. will announce the telecommunication vendors that passed the selection for the Flexi base transceiver station (BTS) construction tender...
Fri, 13 Oct 2006
Supreme Court cannot be above the law
Supreme Court cannot be above the lawT.Sima Gunawan, JakartaMirror, mirror on the wall, who is the mightiest of them all?If the mirror could speak, it might say: The judge.A police officer has a pistol, a soldier has a machine gun and a journalist has a pen, which can be mightier than a firearm.
Fri, 13 Oct 2006
Epson to raise investment in Indonesia
Epson to raise investment in IndonesiaJakarta (ANTARA News/Asia Pulse) - PT Indonesia Epson Industry said it will increase its investment in the country by US$20 million next year to expand its printer production capacity by 10 per cent.
Fri, 13 Oct 2006
SBY: Domestic capital should invest in Indonesia first
SBY: 'I APPEAL TO DOMESTIC INVESTORS TO DO BUSINESS IN OUR OWN COUNTRY' President appeals to domestic investors to invest their capital in home country. “I read in many mass media that Indonesian entrepreneurs also invest in many countries.
Fri, 13 Oct 2006
President Requests Increase in Export of Services
President Requests Increase in Export of ServicesThursday, 12 October, 2006 | 13:25 WIBTEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono has stated that it is high time for Indonesia to change its export focus from goods to services.
Fri, 13 Oct 2006
Funds Parked in Singapore Belongs Mainly to Embezzlers
Funds Parked in Singapore Belongs Mainly to EmbezzlersThursday, 12 October, 2006 | 13:29 WIBTEMPO Interactive, Jakarta: Indonesian Corruption Watch (ICW) suspects that a large part of the Rp506.8 trillion in funds parked in Singapore is owned by former embezzlers of state and private national banks.
Fri, 13 Oct 2006
Bumi resources to buy back shares
Bumi resources to buy back sharesJakarta (ANTARA News) - Publicly-listed coal mining company PT Bumi Resources (BUMI) is planning to buy back its share from October 11, 2006 to November 17, 2007, a spokesman said here Wednesday.BUMI would buy back 1,940.
Fri, 13 Oct 2006
SBY orders trade ministry to address services export
President orders trade ministry to begin addressing services export sectorJakarta (ANTARA News) - President Susilo Bambang Yudhoyono has ordered Trade Ministry officials to begin seriously handling the services export ssctor so that the country weuld not remain an exporter of goods only.
Fri, 13 Oct 2006
Top traders get SBY's seal of approval
Top traders get SBY's seal of approvalThe Jakarta Post, JakartaPresident Susilo Bambang Yudhoyono presented the Primaniyarta Awards to 23 companies assessed as the best performing exporters this year, and praised them as economic heroes during a ceremony Wednesday.
Fri, 13 Oct 2006
Fight the haze or choke investors, Lee warns RI
Fight the haze or choke investors, Lee warns RIThe Jakarta Post, JakartaSingapore Prime Minister Lee Hsien Loong has written to President Susilo Bambang Yudhoyono to express his disappointment over smog from land-clearing fires in Indonesia that have blanketed parts of Southeast Asia.
Fri, 13 Oct 2006
Production at Cepu Block Delayed until 2009
Production at Cepu Block Delayed until 2009Thursday, 12 October, 2006 | 08:57 WIBTEMPO Interactive, Surabaya: The work program and budgeting (WP&B) for the management of the Cepu Block at Bojonegoro has been delayed.
Thu, 12 Oct 2006
'Agricultural development must intensify': SBY
PRESIDENT DIALOGUED WITH FARMER IN JEMBER: AGRICULTURE DEVELOPMENT HAS TO BE MORE INTENSIVE Food demand is an absolute need, hence it is an important priority in the national development, said President at an interview with farmers and Small and Medium Enterprises (UKM) in Rejo Agung Village,...
Thu, 12 Oct 2006
'Electrics for a better life': SBY
PRESIDENT IN PLTU PAITON: ELECTRICS FOR A BETTER LIFE Electrics for a better life. With sufficient electrics, progress of a nation will be totally able to be reached better, said President when he evaluated Electrics Generator of Steam Power/ PLTU Paiton, in Probolinggo, on Monday (9/10) noon.
Thu, 12 Oct 2006
Smuggled textiles dominating Jakarta’s retail market
Smuggled textiles dominating in Jakarta’s retail marketJAKARTA: Smuggled textiles and garments are dominating in Jakarta’s Tanah Abang and Mangga Dua retail market; sources said here on October 10.Illegally imported textiles and garments have been flooding the retail markets either through...
Thu, 12 Oct 2006
JSX again warns Texmaco Jaya of possible delisting
JSX again warns Texmaco Jaya of possible delistingJakarta (ANTARA News) - The Jakarta Stock Exchange (JSX) has once again threatened to delist the shares of publicly-listed textile company PT Texmaco Jaya (TEJA) if it fails to table a corporate plan to the bourse in one month, a spokesperson said.
Thu, 12 Oct 2006
Pertamina Asks Lapindo to Finance Relocation of Gas Pi
Pertamina Asks Lapindo to Finance Relocation of Gas PipelinesWednesday, 11 October, 2006 | 14:31 WIBTEMPO Interactive, Jakarta: PT Pertamina (Persero) is asking that Lapindo Brantas Inc cover all costs for relocating pipelines that channel gas to hundreds of industries in Surabaya, Sidoarjo and...
Thu, 12 Oct 2006
Government Offers Projects Worth US$4.5 Billion
Government Offers Projects Worth US$4.5 BillionWednesday, 11 October, 2006 | 16:00 WIBTEMPO Interactive, Jakarta: The government will offer 10 infrastructure projects at the Indonesia Infrastructure Summit II in November.The total of the project value reach US$4.5 billion or around Rp40.5 trillion.
Thu, 12 Oct 2006
Foreign Exchange from Sale of Wild Animals Very Low
Foreign Exchange from Sale of Wild Animals Very LowWednesday, 11 October, 2006 | 16:15 WIBTEMPO Interactive, Jakarta: The state's revenue from the sale of wild animal is very low, last year only reaching US$16.7 million.
Thu, 12 Oct 2006
Australian Company to Build Explosives Factory
Australian Company to Build Explosives Factory in BontangWednesday, 11 October, 2006 | 13:45 WIBTEMPO Interactive, Jakarta: Orica Ltd, an Australian chemical company, will build an ammonium nitrate explosives factory with an investment value of US$200 billion.