Tuesday, December 1st, 2009
The rupiah weakened against the US dollar in the Jakarta interbank spot market here on Tuesday morning on the Dubai financial crisis.
The Indonesian currency traded Rp9,475-Rp9,485 per US dollar, down 25 points from Rp9,450-Rp9,465 per US dollar at the market`s close a day earlier.
Investors were rather cautious in putting their ...
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Saturday, November 28th, 2009
Minister of Energy and Mineral Resources Darwin Saleh said the government has decided that the three regional administrations in West Nusa Tenggara are leaders in the purchase of 14 percent of the divestment shares of PT Newmont Nusa Tenggara.
"According to the outcome of a meeting chaired by the Coordinating ...
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Monday, November 23rd, 2009
Agriculture Minister Suswono said that Indonesia would import cows that weighed not more than 350 kg each so that they could be raised in the country first before being slaughtered.
"So far, Indonesia has been importing cows weighing more than 350 kg. Many of the imported cows even weighed between 400 ...
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Monday, November 23rd, 2009
Visiting Indonesian Agriculture Minister Suswono said here on Friday the government would review domestic fertilizer prices in April next year.
"Fertilizer prices in the country will be reviewed in April 2010 because the amount of state budget funds to subsidize them has decreased," the minister said.
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Tuesday, November 17th, 2009
The Transportation Ministry is preparing a blueprint for the development of national transport modes as part of efforts to improve transport services to the public.
The blueprint is part of the United Indonesia Cabinet II`s program in the first 100 days in office and therefore, it must be completed soon, Transportation ...
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Thursday, November 12th, 2009
Unemployment rate in Indonesia in 2010 is estimated to still be in the range of 10 percent. Projected economic growth of only 5.5 percent were considered to be sufficient to absorb labor in the productive age.
"State budget is less clear in infrastructure improvements could not push the unemployment rate. Moreover, ...
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Wednesday, November 11th, 2009
The value of stagnant credit or non-performing loan (NPL) for credit cards is still high. Based on the Indonesian Banking Statistics (SPI), the value of credit card NPL per September 2009 is Rp. 2.95 trillion, or 8.7 percent of the total outstanding credit that reaches Rp 33.63 trillion.
Since July ...
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Monday, October 26th, 2009
Chief Economic Minister Hatta Radjasa said the government was considering raising the salaries of the newly appointed ministers.
"Their salaries are arranged in a government regulation. I did not say there salaries need to be raised, but it is being considered," the minister said after ...
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Thursday, September 10th, 2009
Rabobank Indonesia the subsidiary of the Netherland-based financial services firm announced Rp64.2 billion net profit in the first semester this year, or rising 75 percent from the same period last year.
In a release on Wednesday, President Director Henk Mulder said the profit growth was generated from a combination of revenue, ...
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Monday, May 18th, 2009
Indonesia will be host of the annual meeting (muzakarah)-3 to the economic experts and practitioners and sharia scholars as Southeast Asia. International events held in Shari'ah Reseach Academy Islamic Finance (Isra) will be held on 25-26 May 2009 in Jakarta.
Isra is an institution based in Malaysia and is under the ...
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