ANTARA News - Business

Pertamina posts unaudited profit of Rp25 tln last year

Mon, 13 Feb 2012 22:36:02 +0700

State oil and gas company Pertamina last year posted an unaudited net profit of Rp25.01 trillion, accounting for 118 percent of its target of Rp21.16 trillion.

House asks state banks to support housing financing scheme

Mon, 13 Feb 2012 22:24:52 +0700

House Speaker Marzuki Alie has asked state-owned banks to support the government`s policy on a poor people`s housing financing scheme through a Housing Financing Liquidity Facility (FLPP).

RI govt preparing three scenarios for fuel price hike

Mon, 13 Feb 2012 20:37:08 +0700

The government is creating three scenarios to prepare for a hike to prices of subsidized fuel as part of efforts to curb fuel subsidies.

No more BUMN shares sold to foreign parties

Mon, 13 Feb 2012 20:27:31 +0700

Privatization of state-owned companies (BUMN) in Indonesia would no longer be executed through strategic sales to foreign investors, a minister said on Monday.

Demand for wheat flour increases by six percent

Mon, 13 Feb 2012 19:54:16 +0700

Demand for wheat flour would increase in Indonesia by six per cent from that last year, which was 4.7 million tonnes, the Indonesian Wheat Flour Producers Association (Aptindo) has predicted.

BI predicts 25 percent credit growth

Mon, 13 Feb 2012 19:19:56 +0700

Bank Indonesia in Denpasar has projected a 25 percent credit growth in 2012 from the previous year, an official said.

BI Rate lowering spurs corporate bond issuance

Mon, 13 Feb 2012 18:16:24 +0700

The central bank`s decision to cut its benchmark interest rate (BI Rate) from six per cent to 5.75 per cent is likely to spur this year`s corporate bond issuance, an analyst said on Monday.

Govt told to control food imports

Mon, 13 Feb 2012 01:17:36 +0700

The government should control food imports which tend to increase due to the growing middle-class population in Indonesia, a spokesman said.

Maros to develop three types of tourism objects

Sun, 12 Feb 2012 17:05:03 +0700

Maros district in South Sulawesi Province is to develop natural, historic, and agro tourism objects to improve regional revenue, Maros district head Hatta Rahman said here on Saturday.

RI`s 2011 payments balance posts 11.9 bln dollar surplus: BI

Sat, 11 Feb 2012 01:19:56 +0700

Indonesia`s balance of payments in 2011 recorded a surplus of 11.9 billion US dollars consisting of current, capital and financial transactions, a Bank Indonesia (BI) or central bank official said. The current transactions surplus was supported by the country`s export performance which ...

OJK to have three executive commissioners

Fri, 10 Feb 2012 20:23:00 +0700

The future Financial Services Authority (OJK) will have nine commissioners, including three executive commissioners, finance minister Agus Martowardojo said here on Friday.

BI still possibly to decrease BI rate

Fri, 10 Feb 2012 17:05:35 +0700

The Deputy Governor of Bank Indonesia (BI), Hartadi A Sarwono, has said BI still might again decrease the BI Rate after the recent decrease of 25 base points from 6 percent to 5.75 percent.

Gold rush triggers local inflation

Fri, 10 Feb 2012 16:59:04 +0700

The discovery of a gold field in Buru district of Maluku province two months ago has triggered local inflation in anticipation of a gold rush.

BI Rate lowering triggers rupiah to weaken

Fri, 10 Feb 2012 16:01:57 +0700

The central bank`s decision to lower the BI Rate to 5.75 percent triggered a weakening of the Rupiah exchange rate to 48 points to the US dollars on the Friday market opening.

Number of tourists to s sumatra up 20 pct

Fri, 10 Feb 2012 06:40:32 +0700

The number of tourists to South Sumatra in 2012 may increase by 20 pct from last year`s.

BNI wins IFR Asia award

Fri, 10 Feb 2012 06:23:20 +0700

State-owned Bank Negara Indonesia (BNI) has received an award from the International Financing Review (IFR) Asia for capital market category.

Central bank lowers rate by 25 basis points

Fri, 10 Feb 2012 06:14:11 +0700

The central bank lowered its reference rate, the BI Rate, by 25 basis points from 6.0 to 5.75 percent on Thursday.

Regulator revokes Panin securities` investment manager license

Thu, 09 Feb 2012 21:01:30 +0700

The capital market regulator, Bapepam-LK, revoked PT Panin Securities Limited`s business license to operate as an investment manager, as of February 1, 2012.

RI`s forex reserves reach $112 bln in January

Thu, 09 Feb 2012 20:54:50 +0700

Indonesia`s foreign exchange reserves as of January 31, 2012 stood at US$112 billion, enough to finance imports and foreign debt repayments for 6.2 months, according to the central bank.

January tin exports 5,380 tons

Thu, 09 Feb 2012 13:46:59 +0700

The export of tin bars in January 2012 reached 5,380.43 tons worth 103.44 million US dollars, lower than those in last year`s same period.