Economic - Business News
PLTA Bakaru benefits from West Sulawesi river
The hydropower plant (PLTA) in Bakaru, Pinrang regency, South Sulawesi province, is using some 80 percent of the water resources of Mamasa river in Mamasa regency, West Sulawesi province.
RI`s global competitiveness index up 10 notches to 44th
Indonesia`s global competitiveness ranking (CGR) rose by 10 notches to 44th this year mainly because of improving macroeconomic indicators and health and primary education, according to a World Economic Forum (WEF) report.
Indonesia to send trade mission to Russia soon
Keen on increasing trade and investment cooperation with Russia, and expanding Indonesia`s export market there, Indonesia is to sand a trade mission there soon, Trade Minister Mari Elka Pangestu said.
Matahari appoints Merril Lynch as its financial consultant
Giant retailer PT Matahari Putra Prima Tbk has appointed international financial consultant Merril Lynch Pte Ltd to conduct a comprehensive strategic analysis of its business as part of efforts to increase its performance.
RI to import sugar to build up stocks
Indonesia plans to import sugar to meet the need for the commodity in the first five months of next year, Trade Minister Mari Elka Pangestu said.
RI seeking to expand export market in China
Indonesia is seeking to expand its export market in China by making inroads into Chongqin province.
Ministry selecting state companies ready to conduct IPO
The state enterprises ministry is selecting state-owned companies which are ready to go public next year.
Rupiah closes stronger at Rp8,990 late Wednesday
The rupiah closed stronger at Rp8,990 per dollar in the Jakarta interbank spot market late Wednesday on rising demand for the Indonesian currency.
Bank Mega extends Rp22 trln in credits until August
PT Bank Mega Tbk, one of the country`s leading banks, extended Rp22 trillion in credits in the year ended August 31, or Rp4.8 trillion away from achieving its credit target of Rp26,8 trillion for this year.
Govt continues supporting domestic CPO industry
The government continues to support domestic crude palm oil (CPO) producers despite Burger King franchise company`s decision to stop buying CPO from Indonesian companies that have allegedly destroyed tropical forests in the country, a minister said
Indonesia participating in Slovenia`s Calje Trade Fair
Indonesia is participating in an international trade fair in Celje, Slovenia, on September 8 - 15, according to the Indonesian embassy in Vienna, Austria.
Japan`s Kobe Steel reaches iron ore deal with Rio Tinto
Japan\'s Kobe Steel (TSE:5406) has confirmed a deal with Rio Tinto Ltd (ASX:RIO) for a 13 per cent cut in the price of iron ore.
Telkomsel aims to Ggt 350,000 mobile newspaper subscribers
Cellular phone operator PT Telkomsel has set itself the target of getting 350 thousand people in Java and Bali to subscribe to its recently luanched mobile newspaper service until the end of 2010.
Banker : Rates may rise due to hike in reserve requirement
Bank interest rates may rise following the central bank`s decision recently to raise the reserve requirement (GWM), a banker said here on Tuesday.
Telkomsel mulling to issue bonds
Cellular phone operator PT Telkomsel is mulling to issue bonds to help finance its 2011 capital expenditure expected to reach Rp13 trillion or about the same as this year.
PT KAI transports over 1,500 motorbikes
State-run railway company PT KAI transported 1,528 motorcycles from Jakarta to Surabaya during the first four days of September, a spokesman said.
Indonesia`s economic growth rate may exceed six percent
The Indonesian economy could record a growth rate of over six percent in the third quarter of 2010 on the back of government and household spending, the national statistics agency said.
Jakarta stocks open higher
The Composite Stock Price Index at the Indonesian Stock Exchange here Tuesday morning got off to a strong start as investors still actively bought blue-chip stocks.
DHL helping to transport logistics for Pakistan flood victims
International delivery service company DHL was helping to transport logistical aid to Islamabad, Pakistan, for flood victims in that country, a company spokesman said.
BI`s keyrate policy spurring foreign investors` activity
Bank Indonesia (BI)`s policy to keep its BI Rate at 6.5 percent flat for the 14th consecutive time is deemed to have spurred investors, especially foreign ones, to be more active at the Jakarta Stock Exchange.