Saturday, 20th December 2014
Business
  • PT Pindad Indonesia to produce fireworks
    20th November 2014
    Indonesia state-owned PT Pindad (Persero) plans to expand its business from solely military products to manufacturing large-scale fireworks, due to the lucrative business in selling fireworks. "The fireworks business is ...
  • EU to strengthen trade relations with Indonesia
    19th November 2014
    The European Union (EU) is set to deepen trade relations with Indonesia. The two regions have complementary economies, which will help to ensure a "win-win" situation for both. "Deepening trade relations with the EU will ...
  • Hurdles still block Indonesia`s financial market: Economists
    19th November 2014
    Many hurdles will still block Indonesian financial market weakening rupiah against the US dollar in 2015, an economist predicted. Alexander Eric Sugandi, an economist of Standard Chartered Bank Indonesia said one of the ...
  • Fiscal room to be wider in 2015: Finance minister
    19th November 2014
    Finance minister Bambang Brodjonegoro said fiscal room in 2015 would be wider because the government would boost tax income and conduct saving. "We will not stay idle and rely solely upon subsidy reallocation but also seek ...
  • Finance minister optimistic 5.8 percent growth achievable
    18th November 2014
    Finance Minister Bambang Brodjonegoro said the country can achieve the 5.8 percent growth target set in the 2015 budget if a number of infrastructure development plans are realized. "We can still achieve the 5.8 percent ...
  • BI predicts 2014 inflation at 7.7 to 8.1 percent
    18th November 2014
    Bank Indonesia (BI) has predicted that the 2014 inflation rate will increase to 7.7 to 8.1 percent, which is higher than the government-set target of 7.3 percent. "The subsidized fuel price hike will contribute around 2.4 ...
  • Indonesian govt must divert fuel subsidy transparently: Analyst
    18th November 2014
    The decision to hike the prices of subsidized fuels can win public support if the government promises to divert the funds to productive sectors transparently, political analyst Komaruddin Hidayat said. "The process (of ...
  • Bank Indonesia increases BI rate to offset fuel price hike
    18th November 2014
    Reacting to the subsidized fuel price hike, Bank Indonesia decided Tuesday to increase the BI Rate by 25 bps to 7.75 percent after it remained stable at 7.5 percent for 13 months in a row. The decision was taken by the ...
  • Subsidized fuel price hike will revive economic condition: Indonesian chamber
    18th November 2014
    The Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Suryo Bambang Sulisto, said that the organization supports the governments policy to raise the cost of subsidized fuels. He added that this fuel ...
  • Indonesian govt considered global oil prices to set subsidized fuel prices
    18th November 2014
    The government considered the US dollar exchange rate and international oil prices before increasing the prices of subsidized fuels by Rp1,000 a liter, Finance Minister Bambang Soemantri Brodjonegoro said. "We looked at the ...