Archive for the ‘Economic News’ Category
Friday, March 5th, 2010
President Susilo Bambang Yudhoyono's speech, Thursday, regarding the parliament plenary, seems to have had a positive influence over the market.
The Composite Stock Price Index (IHSG) rose by 0.56 percent, or rose by 14.49 points to 2,580.135. The consumer's sector has been the main support of the index at the ...
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Monday, March 1st, 2010
British insurer Prudential PLC said Monday it was in advanced talks to buy the Asian operations of US insurer American International Group Inc. News reports say the deal could be worth around US$30 billion or more.
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Wednesday, January 27th, 2010
Finance Minister Sri Mulyani Indrawati expressed her optimism on Tuesday that inflation in January would remain under control but she also called for a continuous watch on the rice price hike.
"The contribution of rice price to inflation is still quite big. Other than that I think it all remains stable," ...
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Wednesday, January 27th, 2010
Fitch Ratings on Monday upgraded Indonesia’s long-term foreign and local currency ratings to BB+ from BB, one level below investment grade, citing the country’s resilience to the global financial crisis.
S&P’s rating is three levels below investment grade, while Moody’s is two levels below investment grade.
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Thursday, January 14th, 2010
Former chairwoman of the Financial System Stability Committee (KSSK) Sri Mulyani said she reported to then Vice President Jusuf Kalla on the Bank Century bailout decision on November 25, 2008, not on November 22, 2008.
"I reported to the vice president (Jusuf Kalla) on November 25, 2008," Sri Mulyani said in ...
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Thursday, January 14th, 2010
Cement company PT Indocement Tunggal Prakarsa in Tarjun, South Kalimantan, finally settled its tax arrears of about Rp3 billion on quarrying-C mining business, after the local government refused the company`s tax deduction request.
Head of the regional Revenue, Finance and Asset Management of Kotabaru district, H Achmad Chairansyah said here Wednesday ...
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Thursday, January 14th, 2010
The government on January 8, 2010, issued a presidential decree to expedite the second phase of its 10,000 megawatt power development project, an official said.
"The latest presidential decree contains a governmental order to State Electricity Company (PLN) to realize the second phase of the 10,000 megawatt power project with coal, ...
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Thursday, January 14th, 2010
A Chinese investor is ready to build a toll road access to the Purwakarta-Bandung-Cileunyi toll road in West Java, governor Ahmad Heryawan said here on Wednesday.
"The development of the Cisamdawu is soon to be realized. A memorandum of understanding has already been made with a Chinese investor," he said.
He said ...
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Sunday, January 3rd, 2010
Bapepam-LK released vehicle insurance regulations
Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) issued new regulations for motor vehicle insurance and is valid from March 1, 2010.
Chairman of Bapepam-LK Fuad Ahmad Rahmany said regulations issued December 31, 2009 was the reference element and the Pure Premium Cost Elements General Administration and ...
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Thursday, December 10th, 2009
Former Vice President Jusuf Kalla has expressed optimism that the alleged corruption in the Bank Century bailout will be disclosed transparently.
"I am certain it will be disclosed transparently because that is what President Susilo Bambang Yudhoyono and Vice President Boediono also want," Kalla said here on Wednesday.
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