Saturday, 7th March 2015
Business
  • Rupiah regains some of its lost value on Wednesday`s close
    4th February 2015
    The Indonesian currency rupiah regained some of its lost value against the US dollar closing at the level of 12,592 per dollar from earlier level of 12,657 . "Rupiah extended gain against the US dollar partly boosted by ...
  • Govt to implement one city, one factory concept
    3rd February 2015
    The Indonesian government plans to introduce a "one city, one factory" concept to boost the economies of cities across the country, Coordinating Minister for Economic Affairs Sofyan Djalil said. "In essence, the government ...
  • Govt to lower diesel oil price
    3rd February 2015
    The government will soon lower the price of subsidized diesel oil which currently stands at Rp6,400 a liter, a minister said. The price of diesel oil may be lowered due to a decline in the stock cost of Rp300 per liter, ...
  • Chief minister gives positive response to Mandiri-BNI merger
    3rd February 2015
    Coordinating Minister for Economic Affairs Sofyan Djalil has given a positive response to the idea of merging state-owned Bank Mandiri and Bank Negara Indonesia (BNI) to increase their competitive power. "That is a good ...
  • Garuda Indonesia to cut operational US$200 million costs to cover debts
    3rd February 2015
    Publicly listed airline company PT Garuda Indonesia is economizing its operational costs by some 5 to 10 percent to save US$200 million. This move is part of efforts towards efficiency to cover its debts from the third ...
  • Indonesia suffers US$1.88 billion trade deficit in 2014
    2nd February 2015
    Indonesia suffered a trade deficit of US$1.88 billion in 2014 with imports reaching US$178.89 billion and exports US$176.29 billion, stated Suryamin, the head of the Central Statistics Agency (BPS). "The balance of trade ...
  • 9.44 million foreign tourists visited Indonesia in 2014
    2nd February 2015
    As many as 9.44 million foreign tourists visited Indonesia in the January-December 2014 period, the Central Bureau of Statistics (BPS) reported. "Cumulatively, the number of foreign tourists that visited the country in 2014 ...
  • Papua to implement one-stop service system for investors
    2nd February 2015
    The Integrated Permission and Investment Board of Papua administration will implement a one-stop service system for investors, John Way, the head of board, stated here on Monday. "We will implement the system this year. ...
  • Government proposes cut in volume of subsidized oil fuels
    2nd February 2015
    The government proposed to the Parliament a cut in volume of subsidized oil fuel to 19.9 million kiloliters from 46.79 million kiloliters in 2014. Energy and Mineral Resources Minister Sudirman Said in a working meeting ...
  • Fuel prices remain unchanged to build up stocks: Minister
    1st February 2015
    The governments decision to keep the fuel prices unchanged as of February 1, 2015 is aimed at building up national stocks, Energy and Mineral Resources Minister Sudirman Said said. "In line with recommendations from the ...