blog.indahnesia.com - Discover Indonesia Online

    
You are currently in > Just a blog about Indonesia > Search blog.indahnesia.com


You can search the blog with our simple search below, or use the extended functions of the Google search engine to search for blog articles you are looking for.

Search for:
Search in: title
text
Match all:





Oil subsidy set at Rp81 trillion in revised 2015 budget The Indonesian government has set a fuel subsidy of only Rp81 trillion in the 2015 revised budget, down from Rp276 trillion set previously in the 2015 budget. "The value includes carryover debt from last year totaling Rp25 trillion to Pertamina," Finance Minister Bambang Soemantri Brodjonegoro stated here on Friday.

Posted in Economy @ 09 January 2015 20:45 CET by Blog Bot · permalink · 0 reactions


PDIP: 'Indonesian govt must crack down on tax mafia' Secretary General of the ruling Indonesian Democratic Party of Struggle (PDIP) Hasto Kristiyanto said the government should fight tax mafia.

Posted in General @ 26 December 2014 21:08 CET by Blog Bot · permalink · 0 reactions


Indonesian foreign debts increase to US$290.6 billion Indonesias foreign debts rose to US$290.6 billion by the end of July from US$284.9 billion a month earlier. The debts included US$134.2 billion owed by government and US$156.4 billion owned by the private sector, data at Bank Indonesia said.

Posted in Economy @ 18 September 2014 13:09 CET by Blog Bot · permalink · 0 reactions


Salary for 1,400 Merpati employees delayed by eight months About 300 employees of Merpati Nusantara Airlines staged a rally outside the State Enterprises Ministry on Tuesday demanding the payment of pending eight-month salary to 1,400 employees of the cash-strapped carrier.

Posted in Travel @ 12 August 2014 22:42 CET by Blog Bot · permalink · 0 reactions


Merpati to propose deferred repayment of its debts Cash-strapped carrier, Merpati Nusantara Airlines will soon submit a proposal to the commercial court for deferred repayment of its debts totaling Rp2 trillion to around 100 private and individual creditors.

Posted in Travel @ 12 August 2014 00:13 CET by Blog Bot · permalink · 0 reactions


Megawati calls on students to monitor 2014 elections Opposition party leader Megawati Soekarnoputri called on students here on Saturday not to become absentee voters, but to help monitor the upcoming general elections. "Do not become absentee voters, because if we do we might get a leader that we do not want. We, instead, must monitor the election to avoid fraud," she said before students of Surabaya University.

Posted in Elections @ 01 March 2014 23:05 CET by Blog Bot · permalink · 0 reactions


Airport operator wants Merpati Nusantara to pay their bills PT Angkasa Pura I has revealed that the debt owed to them for airport charges by PT Merpati Nusantara Airline has reached Rp. 38.4 billion (US$3,84 million.) According to Bisnis.com, the head of corporate administration for PT Angkasa Pura I, Harry Budi Waluyo, said that state-owned Merpati also has debts for aeronautic services due to a number of airports managed by Angkasa Pura I and Angkasa Pura II.

Posted in Economy @ 26 August 2013 09:01 CET by Blog Bot · permalink · 0 reactions


Curator Batavia Air: passengers will be served last The curators of Batavia Air, which was declared bankrupt late last month, have announced that passengers will come last when it comes to dividing any refunds. First priority is with the large creditors that want to see the debts of Batavia Air paid as soon as possible.

Posted in Travel @ 03 February 2013 08:21 CET by Jeroen · permalink · 0 reactions


Government must be responsible for Batavia bankruptcy     The Indonesian Airline Ticketing Association (Astindo) for Riau province office said the government should be responsible for the bankruptcy of Batavia Air as declared by a court on Wednesday.

Posted in Travel @ 01 February 2013 22:34 CET by Blog Bot · permalink · 0 reactions


Batavia Air declared bankrupt by Jakarta court The Indonesian airline Batavia Air (PT Metro Batavia) has been declared bankrupt by a Jakarta court earlier today. This was decided upon after the airline had incurred a substantial debt to several debtors. Among the biggest debtors was lease company ILFC that demanded about five million US dollars from the airline.

Posted in Travel @ 30 January 2013 13:38 CET by Jeroen · permalink · 0 reactions


Electricity tariff hike to save Rp14 trillion subsidized budget The electricity tariff hike by 14 to 15 percent this year is predicted to save a subsidy budget of Rp14 trillion, an official said.

Posted in Economy @ 18 January 2013 14:15 CET by Blog Bot · permalink · 0 reactions


Crime lord John Kei gets 12 years for murder The Central Jakarta District Court on Thursday sentenced gangland boss John Kei to 12 years in prison for his involvement in the murder of businessman Tan Harry Tantono aka Ayung.

Posted in Crime @ 28 December 2012 01:24 CET by Jeroen · permalink · 0 reactions


Jokowi wants MRT talks with central government Jakarta`s Governor Joko Widodo (Jokowi) said he hoped to reach an agreement with the central government on sharing the repayment of loan used to built Jakarta`s Mass Rapid Transit (MRT) project.

Posted in General @ 06 December 2012 13:44 CET by Blog Bot · permalink · 0 reactions


Singapore ready to help Jakarta build MRT Singapore is ready to help the Jakarta administration develop a mass rapid transport system, according to Singaporean Ambassador to Indonesia Anil Kumar Nayar.

Posted in General @ 05 December 2012 23:02 CET by Blog Bot · permalink · 0 reactions


Pindad: 'Military`s demand for ammunition increasing' The Indonesian Defence Forces` demand for ammunition has tripled this year, according to Adik Avianto, the president director of state-owned ammunition company Pindad.

Posted in Military @ 31 October 2012 20:28 CET by Blog Bot · permalink · 0 reactions


Observer: state budget increasingly comes under pressure The 2012 state budget will increasingly come under pressure from soaring fuel subsidy due to a rise in global crude price, an economist said. "With the global crude price reaching US$126 a barrel, the fuel subsidy may soar to Rp238 trillion," Ikhsan Modjo of Brawijaya University in Malang, East Java, said on Sunday.

Posted in Economy @ 26 March 2012 13:18 CET by Blog Bot · permalink · 0 reactions


Tiger Airways buys stake in grounded Indonesian airline Singapore budget airline Tiger Airways has bought a 33 percent stake in grounded Indonesian carrier Mandala Airlines, the companies announced on Monday. Financial details were not immediately disclosed.

Posted in General @ 30 January 2012 13:49 CET by Blog Bot · permalink · 0 reactions


Economist: Raising fuel price more realistic Raising the present gasoline price will be a more realistic policy than the government's plan to limit subsidized fuel oil consumption to reduce its subsidy burden, an economist here said.

Posted in Economy @ 24 January 2012 01:25 CET by Blog Bot · permalink · 0 reactions


Indonesia taking steps to face European crisis The government of Indonesia is taking steps to anticipate the impact of European crisis on the national economy, President Susilo Bambang Yudhoyono said.

Posted in Economy @ 04 December 2011 04:47 CET by Blog Bot · permalink · 0 reactions


Indonesia airlines shows firm passenger growth Indonesian airlines are in a period of accelerated growth, despite the looming debt crisis that threatens aviation in Europe and the United States.

Posted in Travel @ 14 November 2011 01:07 CET by Jeroen · permalink · 0 reactions


14 trilion rupiah for Indonesian army to buy new weapons The Indonesian Army (TNI AD) will receive budget allocations of Rp14 trillion from the government to procure main armament system (alutsista), Army Chief of Staff General Pramono Edhie Wibowo said.

Posted in Military @ 13 November 2011 05:00 CET by Blog Bot · permalink · 0 reactions


Indonesia pays $28.5 million debt through forest protection The government of Indonesia on Monday agreed to pay the United States $28.5 million in debt by protecting its own rich forests which are continuously threatened by illegal logging.

Posted in Environment @ 04 October 2011 02:44 CET by Blog Bot · permalink · 0 reactions


Mandala Airlines in the hands of Saratoga Group The Saratoga Group, an investment company founded by Edwin Soeryadjaya and Sandiaga Uno, has announced that is had acquired 51 percent of Mandala Airlines stock. The remaining shares are in the hands of Tiger Airways with 33 percent and 16 percent for the old shareholders and creditors of the airline.

Posted in Travel @ 21 May 2011 01:49 CET by Jeroen · permalink · 1 reaction


Mandala Airlines to fly again? After the sudden shut-down of airliner Mandala Airlines earlier this year, there are now rumours that the company will most likely start flying again soon. The director general of PT Angkasa Pura II, the operator of airports in Indonesia, is said to have received this information earlier.

Posted in Travel @ 17 May 2011 14:06 CET by Jeroen · permalink · 0 reactions


BI imposes harsh sanctions on Citibank Bank Indonesia (BI) announced Friday it was imposing severe sanctions on Citibank following a massive embezzlement scandal by a bank employee and the suspected death of a customer at the hands of debt collectors recently. The bank possibly faces other sanctions if found guilty of the two crimes by a court.

Posted in Economy @ 08 May 2011 07:15 CET by Jeroen · permalink · 0 reactions


IMF admits errors in Indonesian bailout package The International Monetary Fund (IMF) managing director Dominique Strauss-Kahn admitted its bailout package designed for Indonesia ten years ago had mistakes, which led to several changes, local media reported Friday.

Posted in Economy @ 04 February 2011 07:12 CET by Blog Bot · permalink · 0 reactions


Indonesia's Mandala Airlines ceases operation due to debt Indonesia's low-cost Mandala Airlines has announced that it will be ceasing its operations starting Thursday to initiate "business restructuring."

Posted in Travel @ 13 January 2011 05:54 CET by Blog Bot · permalink · 0 reactions


Indonesia claws its way to economic superpower status Indonesia is one of the "rising stars" of emerging Asia and some economists believe this vast nation will one day become a regional superpower, behind only China and India, as global economic activity increasingly shifts towards east Asia, away from the faltering developed nations of the west and Japan.

Posted in Economy @ 03 October 2010 03:29 CET by Jeroen · permalink · 0 reactions


Indonesian rains to continue all year Unseasonally heavy rains will continue across Indonesia for the rest of this year, officials from the country's state weather agency said on Wednesday, after rains have damaged crops, hampered miners and boosted inflation.

Posted in Weather @ 15 August 2010 05:59 CET by Jeroen · permalink · 0 reactions


Moody's improves Indonesia debt rating The international ratings agency Moody's revised Indonesia's debt rating from stable into positive. The positive outlook shows the greater possibility that Indonesia may get to have a rating improvement within the next year.

Posted in Economy @ 23 June 2010 04:11 CET by Jeroen · permalink · 0 reactions


Garuda to go public within a matter of months The Indonesian government has confirmed that the national airline PT Garuda Indonesia will offer up to 25% of its shares via an initial public offering scheduled for Q2 of 2010. To this end, an underwriter has been appointed by Garuda.

Posted in Garuda Indonesia @ 21 January 2010 06:16 CET by Jeroen · permalink · 0 reactions


Internet facilitates illegal kidney trade in Indonesia Thomas, 30, said mounting debt forced him to take the desperate step of selling a kidney on the internet for 300 million rupiah (25.000 euro). "I have to take my chances because that's the only way I can get the money to pay off my debt," Thomas, who declined to give his surname, told.

Posted in Health @ 12 January 2010 02:12 CET by Jeroen · permalink · 0 reactions


State-owned power company turns of Serang street lights The state-owned power company PLN has turned off all street lights in the city of Serang, Banten province, yesterday. PLN said that the city of Serang has not paid the electricity bill for their city lights for four months now, and said that there was no other option for them but to cut power. The total debt for the city of Serang is 2.1 billion Rupiah (160,000 euro).

Posted in Power supply @ 07 December 2009 05:34 CET by Jeroen · permalink · 0 reactions


Riau police stops 60 TKI from being sent abroad The police in the Riau Archipelago has successfully stopped 60 soon-to-be TKI (Indonesian Overseas Workers) that were about to be sent to Malaysia illegally. When the police came into action, some 60 people were safeguarded from being sent abroad. They were already in the international harbour of Batam Center, waiting for their boat to arrive.

Posted in Human rights @ 27 November 2009 12:59 CET by Jeroen · permalink · 0 reactions


Bank Mandiri to buy 11% stake in Garuda Indonesia Bank Mandiri, the biggest lender in Indonesia, has announced that it will take an 11 percent stake in now state-owned Garuda Indonesia. All parties involved agreed on this share for Bank Mandiri. Under the plan, Mandiri will convert 100 million dollar of the bond debt into equity. The buy values Garuda Indonesia around 910 million dollar (635 million euro).

Posted in Garuda Indonesia @ 29 August 2009 13:15 CET by Jeroen · permalink · 0 reactions


Trafficking fuels commercial sex work Among the alleyways of Dolly, in Indonesia's second-largest city, it is not difficult to find thousands of young women lured by the prospects of a better life working as commercial sex workers (CSWs). "I never chose to be a prostitute. It just happened," Isah, 19, told, describing her tenure in one of Southeast Asia's largest commercial sex venues.

Posted in Human rights @ 11 August 2009 03:01 CET by Jeroen · permalink · 1 reaction


Malaysian prince demands more money from Manohara The Syariah High Court yesterday allowed Tengku Temenggong of Kelantan Tengku Muhammad Fakhry Sultan Ismail Petra - or just 'the prince' - to amend his debt claim from his wife, Cik Puan Temenggong Manohara Odelia Pinot - or just Manohara - from RM972,750 to RM1,112,250. Judge Mohd Yusof Awang set October 5 for a re-mention of the case and gave Manohara 14 days before the date to file for her defence.

Posted in Oddly enough ... @ 03 August 2009 05:04 CET by Jeroen · permalink · 1 reaction


Indonesia gets debt relief for rainforest conservation The Governments of the United States of America and the Republic of Indonesia, Conservation International and Yayasan Keanekaragaman Hayati Indonesia (KEHATI) announced today that they have concluded the largest debt-for-nature swap under the Tropical Forest Conservation Act (TFCA) since its passage in 1998. The agreements will reduce Indonesia’s debt payments to the United States by nearly $30 million over the next eight years. In return, the Government of Indonesia has committed these funds to support grants to protect and restore the country’s tropical forests.

Posted in Environment @ 03 July 2009 04:22 CET by Jeroen · permalink · 0 reactions


Garuda finalizing acquisition of Star Air Unsuccessful in their bid to reach an agreement that would allow the purchase of 100% of the shares of Linus Airways, the national air carrier Garuda Indonesia is reported to be near finalizing an agreement to purchase Star Air. Both Linus Airways and Star Air ceased operations in 2008. Garuda is seeking to purchase the operating licenses of an existing Indonesian carrier as a "fast track" solution to the lack of an airline operating license and other licenses needed for its low-cost subsidiary Citilink.

Posted in Garuda Indonesia @ 20 June 2009 13:17 CET by Jeroen · permalink · 0 reactions


Indonesia in largest Asian debt sale for five years Indonesia has completed the largest Asian debt sale for five years by selling $3bn in sovereign bonds in a dual-tranche transaction to fund a stimulus package aimed at mitigating the impact of the global crisis. The yields were 11.75 per cent on a $2bn 10-year offer and 10.5 per cent on a $1bn five-year offer. These were higher than expected, and both more than 8.4 percentage points higher than similar US Treasuries. But Sri Mulyani Indrawati, finance minister, told the Financial Times that the price was worth paying to ensure the "security of the whole national economy".

Posted in Economy @ 27 February 2009 05:02 CET by Jeroen · permalink · 0 reactions


Indonesia to launch stimulus to boost economy Indonesian President Susilo Bambang Yudhoyono said Wednesday his country will launch a stimulus this year to boost economic growth as an effort to cushion the deepening impact of global recession. "There is a stimulus on top of the state budget in 2009," Yudhoyono told at a press conference after a cabinet meeting.

Posted in Economy @ 03 January 2009 05:16 CET by Jeroen · permalink · 0 reactions


Indonesia’s debut rupiah sukuk falls short of expectations Indonesia has sold only 4.7 trillion rupiah of its debut rupiah-denominated Islamic bond, or sukuk, an amount slightly below its target. As a result, the government is likely to increase the size of its global dollar sukuk later this year in a bid to make up for the shortfall, people close to the deal told Dow Jones Newswires on Friday.

Posted in Economy @ 24 August 2008 05:20 CET by Jeroen · permalink · 0 reactions


Cilacap power plant closed due to lack of coal The coal-fired power plant in Cilacap, which is operated by the private company PT Segara Sumber Prima, will halt it's operations this night due to a disruption in supplies of coal from suppliers, the president of the state-owned power company PLN, Fahmi Mochtar said. The shutdown is expected to last for a few days.

Posted in Power supply @ 24 June 2008 16:11 CET by Jeroen · permalink · 0 reactions


Indonesia threatens to close Adam Air in three weeks Indonesia threatened Monday to close low-cost carrier Adam Air after two of its largest shareholders announced plans to pull out of the beleaguered company. The airline has defaulted on debt payments to airplane leasing companies, which has forced the company to ground 12 of its 22 planes, said Adam Suherman, whose family together with Sandra Ang owns a 50 percent stake.

Posted in General @ 17 March 2008 13:54 CET by Jeroen · permalink · 1 reaction


Pressure to cancel the 'Honoris Causa Award' for Jakarta governor Open Letter to the Rector and Students Senate of the Diponegoro University in Semarang

Posted in Human rights @ 06 August 2007 00:00 CET by Jeroen · permalink · 0 reactions


Indonesia: Youth key to new political party In the lead-up to Indonesia’s 2009 elections, a new left party has been formed. The National Liberation Party of Unity (Papernas) was founded on the basis of three main demands: the cancellation of Indonesia’s foreign debt, the nationalisation of the minerals sector, including oil and gas, and national industrialisation.

Posted in Politics @ 29 July 2007 15:12 CET by Jeroen · permalink · 0 reactions


Indonesia takes fight for Soeharto millions to UK Lawyers from the Indonesian government will be in a courtroom on the island of Guernsey, south of Great Britain, claiming that the family of former president Soeharto siphoned off billions of dollars in public money. The case is aimed at seizing 50 million US dollar from an account in on the island, belonging to Hutomo Mandala Putra (commonly known as Tommy) , the son of the former president.

Posted in Crime @ 14 May 2007 03:27 CET by Jeroen · permalink · 0 reactions


Garuda Indonesia meets creditors in Singapore Flag carrier PT Garuda Indonesia said that it had met creditors, floating rate notes holders in particular, in Singapore on Friday. "Apart from explaining the company`s financial performance and operation, we also reported our plans and debt restructuring," Garuda president Emirsyah Satar said in a press release.

Posted in Garuda Indonesia @ 18 December 2006 03:05 CET by Jeroen · permalink · 0 reactions


Speaking in Islamic tongues in Indonesia For those recently heaping praise on Indonesia for its moderate Muslim and emerging democratic credentials, consider the case of Islamic preacher Yusman Roy. Last year Roy was sentenced to two years in prison on blasphemy charges for leading Muslim prayers at an East Java Islamic school in his native Bahasa Indonesia rather than Arabic as conservative religious councils require. In Indonesia, the world's most populous Muslim country, the language issue pitches modern, liberal interpretations of Islam, known broadly here as abangan, against conservative orthodox views, represented broadly as santri.

Posted in Religion @ 16 December 2006 00:00 CET by Jeroen · permalink · 0 reactions


Indonesian gov't not to nationalize foreign firms Indonesian President Susilo Bambang Yudhoyono said here Thursday that the Indonesian government did not have any plan or wish to take over or nationalize foreign companies in Indonesia and he asked foreign firms to continue doing business in the country without any worry.

Posted in Economy @ 06 November 2006 03:27 CET by Jeroen · permalink · 0 reactions


The day before the fall of Suharto Controversy has surrounded the book written by former President Habibie, which reveals a number of new historical facts about the events of May 1998. The military is mentioned as having a hand in speeding up the downfall of the Suharto regime. Two major-generals and a number of colonels are suspected of having "allowed" university students to occupy the parliament building in Senayan. Tempo sorts out the important moments during the 24 hours preceding Suharto's downfall. Here is the report.

Posted in History @ 03 November 2006 00:00 CET by Jeroen · permalink · 0 reactions


Two years of SBY: Bouquet for Aceh, brickbat for economy As he heads into his third year as Indonesia's president on Friday, Susilo Bambang Yudhoyono enjoys respectable popularity, but is struggling to ignite Southeast Asia's largest economy, analysts say. The 57-year-old former general, who was nominated for a Nobel peace prize for overseeing a peace pact with separatist rebels in Aceh, has crafted a respected image abroad, but at home the battles he faces are more complex.

Posted in Politics @ 29 October 2006 02:53 CET by Jeroen · permalink · 0 reactions


Trials and travails of Indonesia's richest man Publicity-shy paper and plantation magnate Sukanto Tanoto is in Indonesia's national headlines after topping two high-profile lists. Forbes Asia last month listed the 56-year-old tycoon as the richest individual in Indonesia, with assets worth about US$2.8 billion (Rp25.2 trillion). In June, the self-made ethnic-Chinese tycoon also topped a list of state-owned Bank Mandiri's six biggest debtors.

Posted in General @ 15 October 2006 00:00 CET by Jeroen · permalink · 0 reactions


Indonesia pays off IMF debts The Indonesian government has decided to pay off the remaining debts from the International Monetary Fund (IMF) totaling 3.2 billion U.S dollars, the central bank chief said. "So next week we owe nothing to the IMF. After completing the early repayment, we will stand at the same level of playing field. We are no longer a troublesome member," Bank Indonesia Governor Burhanuddin Abdullah was quoted Friday by the major economic daily Bisnis Indonesia as saying.

Posted in Economy @ 06 October 2006 14:23 CET by Jeroen · permalink · 1 reaction


Indonesia’s super-rich in one list by Forbes Asia Forty names were crowned by Forbes Asia magazine as the richest in Indonesia. Three of them joined the list at the end of the economic and financial crises. They are Trihatma Kusuma Haliman (Agung Podomoro), Eddy William Katuari (Wings Group), and Arifin Panigoro (Medco Energi). What are their business secrets? Here is Tempo’s report.

Posted in Economy @ 01 October 2006 10:34 CET by Jeroen · permalink · 5 reactions


Central bank vows further cuts in interest rate The Indonesian central bank said Friday it may further cut the benchmark interest rate to 10 percent by the end of the year. Earlier this week, Bank Indonesia cut the interest rate by 50 basis points to 11.25 percent. "We are confident that, between now and the end of the year, the inflation will be contained below 7 percent and Bank Indonesia interest rate will move to 10 percent," Bank Indonesia deputy governor Aslim Tadjuddin told reporters here.

Posted in General @ 11 September 2006 14:13 CET by Jeroen · permalink · 0 reactions


Yudhoyono: Economy to expand 6% amidst reforms Indonesian President Susilo Bambang Yudhoyono said he’s targeting 6% growth in the economy this year as he pledges more reforms to draw investors into projects from biofuel to infrastructure and housing.

Posted in Economy @ 07 August 2006 15:39 CET by Jeroen · permalink · 0 reactions


Govt seeks to cut Garuda's debt in restructuring deal Indonesia's government will seek approval from the creditors of national carrier Garuda Indonesia to dramatically cut its debt in a restructuring plan to be discussed this week, the transport minister said. Under the plan, the carrier's debt would be reduced from around 794 million dollars to 274 million dollars and require creditors to convert up to 30 percent of its debt into equity, Hatta Rajasa was quoted by AFP as saying late Tuesday.

Posted in Garuda Indonesia @ 17 May 2006 07:09 CET by Jeroen · permalink · 0 reactions


Landslide kills 12 in West Java A landslide in an unauthorised sand-digging location has killed 12 workers and injured two others in Indonesia's West Java province. The workers were collecting sand in a digging area in Cipatat district that had been shut down by local authorities when an avalanche of gravel came down on them.

Posted in Flooding @ 08 March 2006 07:53 CET by Jeroen · permalink · 0 reactions


S&P: Sovereign credit rating outlook raised to 'positive' Standard & Poor's Rating Services said it has raised its outlook on Indonesia's sovereign credit rating to 'positive' from 'stable'. S&P also affirmed Indonesia's 'B+/B' foreign currency and its 'BB/B'local currency sovereign credit rating. 'The outlook revision takes into account the more favorable policy setting that emerged in the wake of significant adjustments in (the government's) fiscal and monetary policy stance, and the expectation that this will improve deficit and debt ratios further,' S&P said in a statement.

Posted in Economy @ 10 February 2006 07:10 CET by Jeroen · permalink · 0 reactions


Is affordable, clean water for all just a dream? The number of Indonesian urban poor without access to running water, an estimated 50 million people, exceeds the combined populations of Australia, Malaysia and Singapore. Nearly half of all people currently living in Jakarta, the fourth most populous city in the world, lack a piped water connection; this number of unconnected is greater than the urban population of Rio de Janeiro, Brazil.

Posted in General @ 06 February 2006 00:00 CET by Jeroen · permalink · 0 reactions


Garuda plans to turn Citilink service into budget carrier PT Garuda Indonesia plans to turn its Citilink service into an independent low-cost carrier, and it is considering leasing 10 Airbus A319s for the new airline, the Jakarta Post reported, citing a Garuda official. Garuda plans to spin off the Citilink business unit in the first half of this year, the newspaper quoted Joseph Saul, Garuda's vice president in charge of Citilink, as saying.

Posted in Garuda Indonesia @ 27 January 2006 07:04 CET by Jeroen · permalink · 0 reactions


Garuda Indonesia narrows loss for 2005 Struggling Garuda Indonesia said its losses narrowed in 2005 due to improved cost efficiencies but earnings were hard-hit by bombings on Bali and high oil prices. The flag carrier's losses declined by 17.14 percent to Rp 672 billion (US$71.60 million) in 2005, its president Emirsyah Satar told a parliamentary commission. The already-ailing flag carrier has been hit hard by plunging arrivals on the Indonesian resort island of Bali after a triple suicide bombing there in October, as well as historically high oil prices.

Posted in Garuda Indonesia @ 23 January 2006 08:52 CET by Jeroen · permalink · 8 reactions


SIA, Lufthansa, KLM, THAI consider partnership with Garuda Singapore Airlines, Lufthansa, KLM Royal Dutch Airlines and Thai Airways International Airlines expressed interest in forming a strategic partnership with PT Garuda Indonesia, which may include injecting funds into the ailing national flag carrier, an official at the office of the Indonesian State Minister for State Enterprises said.

Posted in Garuda Indonesia @ 06 January 2006 13:00 CET by Jeroen · permalink · 13 reactions


PT Dirgantara Indonesia claims production of 484 planes Aerospace industry PT Dirgantara Indonesia claimed Tuesday it has produced 484 aircraft of various types since its establishment in 1976. The company has managed to sell aircraft to foreign markets, Dirgantara Acting President Nuril Fuad told President Susilo Bambang Yudhoyono, who was visiting the factory in the West Java capital of Bandung, some 150 km south of Jakarta. He said Malaysia has purchased eight aircraft, Thailand bought two, South Korea acquired eight and Pakistan ordered four.

Posted in Economy @ 03 January 2006 19:26 CET by Jeroen · permalink · 2 reactions


Report: Indonesia plans to sell national airline Reports from Indonesia say the government is planning to sell its struggling state airline, Garuda. Kompas newspaper has quoted the minister for state enterprises, Sugiharto, as saying that Garuda is planning an initial public offering in 2009. However, he added the process may be sped up so that investors can enter as early as next year.

Posted in Economy @ 30 December 2005 07:15 CET by Jeroen · permalink · 0 reactions


Merpati in talks with Deutsche Bank on 450 bln rupiah loan State-owned airline PT Merpati Nusantara is in talks with Deutsche Bank AG for a 450 bln rupiah bridging loan to refinance debts, Bisnis Indonesia reported quoting an official at the Office of the State Minister for State Enterprises. 'Merpati is negotiating the terms of the loan with Deutsche Bank,' Bisnis quoted Deputy State Minister for State Enterprises for logistic and tourism Harry Susetyo as saying. He said the government is considering listing Merpati to repay the loan.

Posted in Economy @ 18 November 2005 08:13 CET by Jeroen · permalink · 0 reactions


Indonesia's debt load accounts for 52 percent of GDP Indonesia's overseas and domestic debt loads stood at 1,282 trillion rupiah (around 128.2 billion US dollars) as of March this year, equivalent to some 52 percent of the country's gross domestic product, an official said Monday. "The figure comprises 624 trillion rupiah (62.4 billion dollars) of debt in foreign exchange and 658 trillion rupiah (65.8 billion dollars) in local currency," Minister of Finance Jusuf Anwar said in an open-door hearing with legislators at the parliament compound here.

Posted in Economy @ 19 September 2005 13:25 CET by Jeroen · permalink · 0 reactions


Why Indonesia must consider abolishing Rupiah The crisis of confidence that has come back to haunt the rupiah for the second time in eight years is making some analysts wonder if Indonesia would be better off without a central bank. After all, what's the good of having a monetary authority when it can't protect the purchasing power of the currency it issues?

Posted in Economy @ 01 September 2005 00:00 CET by Jeroen · permalink · 0 reactions


CreditSights: 'Bank Indonesia rate may rise to 12 percent' Bank Indonesia needs to increase interest rates now and be ready to raise them as high as 12 percent, a level unseen since February 2003, or risk further erosion in the nation's finances, according to CreditSights Inc.

Posted in Economy @ 30 August 2005 07:10 CET by Jeroen · permalink · 1 reaction


Garuda Indonesia plans to seek government bailout PT Garuda Indonesia plans to seek a government bailout to keep flying after record fuel costs and mounting debt caused the state-owned national airline to post its first loss in three years. The airline is preparing the request, State Enterprise Minister Sugiharto, who oversees Indonesia's state-owned companies, said in an Aug. 5 interview in Jakarta. "We are about to decide whether we need to help.''

Posted in Garuda Indonesia @ 12 August 2005 07:20 CET by Jeroen · permalink · 0 reactions


Ex-minister: 'Indonesia on the brink of bankruptcy' Indonesia could be on the brink of bankruptcy and destruction if the government does not lift its act, Ryaas Rasyid, former minister of regional autonomy, said on Saturday. "I'm a bit pessimistic as to whether Indonesia will still exist in the year 2025. The country is like a seriously ill patient, who suffers from a combination of acute illnesses -- liver cancer, HIV/AIDS, heart, lung and kidney diseases," he said at a seminar.

Posted in Economy @ 23 July 2005 18:56 CET by Jeroen · permalink · 0 reactions


Philip Morris raises stake in Sampoerna to 97 pct Philip Morris International Corp said it has raised its stake in Indonesia's third largest 'kretek' (clove) cigarette maker, PT HM Sampoerna, to 97 pct following an irrevocable tender offer for an additional 57 pct. The tender was launched a month ago and is due to close today.

Posted in Economy @ 18 May 2005 20:35 CET by Jeroen · permalink · 1 reaction


Three Mandiri Bank executives named in corruption probe Prosecutors investigating a graft case reportedly involving 1.3 billion dollars in loans from Indonesia's largest lender have named three state-bank executives as suspects. Bank Mandiri's president ECW Neloe, vice president I Wayan Pugeg and corporate banking director Sholeh Tasripan were Wednesday declared suspects in the corruption case, the attorney general's spokesman Suhandoyo told AFP.

Posted in Corruption @ 12 May 2005 00:01 CET by Jeroen · permalink · 0 reactions


HM Sampoerna 1Q Sales IDR4.6 Tln Vs IDR4.0 Tln PT Hanjaya Mandala Sampoerna, Indonesia's third-largest cigarette maker, said its first-quarter sales ended March 31 rose 15% year-on-year to IDR4.6 trillion from IDR4.0 trillion, because of higher sales volume. During the quarter, Sampoerna sold 11.3 billion sticks of cigarettes, up 14% from 9.9 billion a year earlier.

Posted in Economy @ 19 April 2005 00:03 CET by Jeroen · permalink · 0 reactions


Indonesia executes 51-year-old woman for murder, mutilation Indonesia on Sunday executed a 51-year-old housewife found guilty of murdering and mutilating three women within four years. Astini, also known as Bu Lakri, was shot by a 12-member East Java Police firing squad at 1:20 a.m. local time, said A.F. Darmawan, chief of the special crime unit at the area's High Prosecution Office. Astini's lawyer, Ida Sampit Karo Karo, and a police doctor were among those present at the execution.

Posted in Politics @ 20 March 2005 00:01 CET by Jeroen · permalink · 0 reactions


Moody's changes Indonesia rating outlook to positive Moody's Investors Service has changed the outlook to positive from stable on Indonesia's B2 foreign currency country ceiling for bonds, its B3 foreign currency country ceiling for bank deposits, and the Indonesian government's B2 foreign and local currency ratings.

Posted in Economy @ 18 February 2005 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia's economy grew 6.7% in 4th quarter Indonesia's economy expanded at its fastest pace in at least four years in the fourth quarter as the cheapest credit since 1998 spurred consumers to increase spending on goods including cars, motorcycles and mobile phones. Southeast Asia's largest economy grew 6.7 percent in the three months ended Dec. 31 from a year earlier, the statistics office said in Jakarta. The economy expanded 5.1 percent last year, the most since 1996.

Posted in Economy @ 16 February 2005 00:01 CET by Jeroen · permalink · 0 reactions


Donors pledge $5.1 billion to Indonesia A grouping of donor nations has pledged to provide Indonesia with $5.1 billion in aid this year, comprising $3.4 billion in regular assistance, as well as $1.7 billion to help rebuild northern Sumatra, where about 166,000 people were killed by last month’s earthquake and tsunamis.

Posted in Earthquake @ 21 January 2005 00:01 CET by Jeroen · permalink · 0 reactions


Bakrie: Indonesia needs up to 110 bln euro for infrastructure Indonesia may need to spend as much as 110 billion euro on roads, power plants and other infrastructure in the next five years, the Coordinating Minister for Economic Affairs Aburizal Bakrie said today in Jakarta. The forecast for infrastructure spending excludes an estimated 36 trillion rupiah (3 billion euro) that's needed to rebuild parts of Aceh province devastated by last month's earthquake and tsunami, Bakrie said in a statement. The figure includes 17 billion euro of infrastructure projects that the government will offer during a two-day conference starting today in Jakarta.

Posted in Economy @ 17 January 2005 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia wary over debt freeze Tsunami-hit Indonesia was considering an offer of a debt repayment freeze from the Paris Club of donor nations, but was concerned the aid could damage its economy, foreign minister Hasan Wirayuda said yesterday. The Asian Development Bank said yesterday the disaster could throw nearly 2 million people into poverty, but most of the stricken nations would suffer limited economic damage.

Posted in Earthquake @ 14 January 2005 00:03 CET by Jeroen · permalink · 0 reactions


Indonesia starts building refugee camps The United Nations said Wednesday that camps for up to 500,000 tsunami refugees will be built on devastated Sumatra island, while world leaders headed to Indonesia to discuss how to distribute billions of dollars in aid. Indonesia's government has started breaking ground on four camps around Banda Aceh, the main city in northern Sumatra, where an estimated 1 million people were left homeless by the tsunami. The United Nations plans to provide tents and equipment for up to 500,000, said Michael Elmquist, who heads the U.N. relief effort in Aceh.

Posted in Earthquake @ 05 January 2005 00:03 CET by Jeroen · permalink · 0 reactions


S&P upgrades Indonesia sovereign ratings Standard & Poor's raised Indonesia's sovereign credit ratings on Wednesday, citing "ongoing progress" in the management of south-east Asia's largest economy. S&P lifted its long-term foreign currency rating one notch to Single B-plus from Single B and its local currency rating two notches to Double B from Single B-plus. It also said the outlook for Jakarta's ratings was positive, meaning future upgrades were likely.

Posted in Economy @ 22 December 2004 00:01 CET by Jeroen · permalink · 0 reactions


Govt to reduce taxation on companies Indonesia plans to cut its corporate tax rate starting next year to spur investment and growth, said Aburizal Bakrie, the coordinating minister for economic affairs. The tax rate will be cut to 25 percent from 30 percent over a period of five years, starting with a one percentage-point reduction in 2005, Bakrie said Tuesday.

Posted in Economy @ 01 December 2004 00:03 CET by Jeroen · permalink · 0 reactions


AirAsia Indonesia operations may start In January Malaysia's first budget carrier AirAsia Bhd. (5099.KU) could start operating its 49%-owned Indonesia joint-venture airline as early as January, the Star daily reports, quoting Executive Director Kamarudin Meranun. The actual timing of PT AWAir's start will depend on when AirAsia completes due diligence on the airline and the finalization of the deal, Kamarudin said.

Posted in Economy @ 19 November 2004 00:02 CET by Jeroen · permalink · 0 reactions


Police confirm arrest of two terror suspects The National Police confirmed on Monday the arrest of two men by the force's antiterror squad in Leuwilang district, Bogor regency, last week. National Police spokesman Insp. Gen. Paiman said that two men had been arrested late on Friday by the police antiterror squad Detachment 88, or Den 88, led by Brig. Gen. Pranowo Dahlan. Last week Pranowo denied the arrest when asked for confirmation by The Jakarta Post, saying that there had been no arrest in Bogor by his squad and that "if there had been any arrest, it must have been related to another case."

Posted in Terrorism @ 09 November 2004 00:02 CET by Jeroen · permalink · 0 reactions


Germany to provide US$66m soft loan for Jakarta train service The German government plans to provide 52 million euros (US$66 million) in loans and grants for the improvement of commuter train services in Greater Jakarta. The funds, provided through the German Development Bank (KfW), will be used to finance the assembly of 10 trains and their engines, and is expected to be agreed upon in December.

Posted in General @ 09 November 2004 00:01 CET by Jeroen · permalink · 0 reactions


AirAsia buys Indonesia airline for $2 Malaysia's AirAsia Sdn. Bhd. (AIA.YY) has bought a small Indonesian airline, AWAir, for a token $2, the Edge weekly business newspaper says. AirAsia - which last week kicked off Malaysia's biggest initial share offer for 2004 - is buying the airline in a 49-51 partnership with unnamed Indonesian parties, the paper says, quoting anonymous sources. The report doesn't say if AirAsia must assume any debt from AWAir's previous owners.

Posted in Economy @ 17 October 2004 00:01 CET by Jeroen · permalink · 0 reactions


Garuda flight cutbacks raise concern Garuda Indonesia's bid to halt its flights to Amsterdam and cut back on the number of flights to Guangzhou has raised concerns about the health of the national airline. The Amsterdam service has sentimental and historic value as it is one of Garuda's earliest overseas destinations. On the other hand, Guangzhou is one of China's most dynamic industrial centres and many wealthy Chinese-Indonesians whose ancestors came from the area have returned as investors.

Posted in Garuda Indonesia @ 18 August 2004 00:03 CET by Jeroen · permalink · 0 reactions


Megawati says she set foundation for development Indonesian President Megawati Soekarnoputri, in her last televised debate before seeking re- election on Monday, said her three-year-old government set the foundation for the country's economic recovery. ``As a nation, we are required to continue the development that we have achieved so far or to start from a new beginning,'' she told a panel on the all-news MetroTV channel. ``The answer will certainly be -- to continue to develop from a strong foundation, to reduce poverty, provide more jobs and improve people's welfare.''

Posted in Elections @ 01 July 2004 00:02 CET by Jeroen · permalink · 0 reactions


Currency market intervention futile With many investors converting their funds into dollar-based assets, Bank Indonesia (central bank) has been selling dollars in the international currency market. It has also been threatening to curb currency trading among commercial banks while raising banks' reserve requirements. Despite these efforts, the rupiah has shed almost 9 percent of its value against the U.S. dollar since Jan. 1.

Posted in Economy @ 15 June 2004 00:02 CET by Jeroen · permalink · 0 reactions


Indonesia's shameful export It is not something any government likes to make public, but the figures say it all: Indonesia is one of the world's largest exporters of sex workers, mainly children. The Unicef says as many as 70,000 Indonesian children have been sold across the country's borders as sex commodities. They are employed in countries such as Malaysia, Thailand, Japan, Australia, Hong Kong and Singapore. Similarly, nearly half of the 400,000 estimated sex workers in Indonesia are children under 18 years old.

Posted in General @ 09 June 2004 00:04 CET by Jeroen · permalink · 0 reactions


Asep, a Jakarta parking-lot attendant, rejoiced in 1998 when Indonesian strongman Suharto was overthrown after three decades of authoritarian rule. But democracy hasn't proved to be quite the boon he and so many other Indonesians expected. In some ways, says Asep, his life is worse now than ever before. Under Suharto, he says, at least he only had to bribe one person—a stadium security officer—for the right to manage the lot at Senayan Stadium. But now, Asep complains, he is routinely approached by people claiming to be policemen, soldiers, sports department officials and political-party officers, all demanding baksheesh of a few thousand rupiah or a pack of cigarettes. These kickbacks often eat away almost half of his meager earnings of $2 a day, but "it's hard not to give," says Asep, "because you don't know anymore who is really in charge."

Posted in Politics @ 27 April 2004 00:00 CET by Jeroen · permalink · 0 reactions


Jakarta, a city which is famous for its night life, discos, pubs has also a hidden unmasked Zorro's which we call gigolos who never show up them selves freely in normal daily life.

Posted in Culture @ 21 January 2004 00:00 CET by Jeroen · permalink · 0 reactions


Tutut may join presidential race Former president Soeharto's eldest daughter Siti "Tutut" Hardiyanti Rukmana has been asked to run for the presidency in next year election, a move that could pave the way for the return of the old forces onto the country's political stage. Concern for the Nation Functional Party (PKPB) chairman Gen. (ret) Raden Hartono asked Tutut on Wednesday to become his party's sole torch bearer, claiming that people across the country wanted her to run.

Posted in Elections @ 04 December 2003 00:01 CET by Jeroen · permalink · 0 reactions


Just when investors might have been thinking it was safe to look at Indonesia a little less skeptically, the biggest banking scandal to hit the country since the central bank liquidity scandal, this one involving Bank Negara Indonesia (BNI) and allegedly fraudulent letters of credit, has shattered confidence yet again. With BNI marked for semi-privatization next year, the scandal could hardly have come at a worse time. It highlights concerns raised by the International Monetary Fund (IMF) over corporate governance in Indonesia and the central Bank Indonesia's failure to detect the scam until a year after it allegedly began.

Posted in General @ 03 December 2003 00:00 CET by Jeroen · permalink · 0 reactions


Final disembarkation call for aviation workers The government has decided to press ahead with its plan for massive lay-offs at ailing state aircraft maker Dirgantara Indonesia despite angry protests by employees of the virtually bankrupt company. Coordinating Minister for Economic Affairs Dorodjatun Kuntjoro-Jakti said the decision was reached at a limited cabinet meeting on Thursday.

Posted in Economy @ 14 November 2003 00:01 CET by Jeroen · permalink · 0 reactions


Water rate to increase by 30 percent The Jakarta administration submitted to the City Council its proposal for a 30 percent increase in tap water rates starting Jan. 1, 2004. However, the hike may not guarantee better service because the money will be used to pay debts and cover inflation. Chairman of the City Water Regulatory Body Achmad Lanti said on Monday that 17 percent of the hike would be used to pay off debts to city-owned tap water operator PD PAM Jaya, which amount to Rp 900 billion (US$105.88 million), to European-based partner companies PT Thames PAM Jaya (TPJ) and PT PAM Lyonaisse Jaya (Palyja) and the central government.

Posted in General @ 11 November 2003 00:01 CET by Jeroen · permalink · 0 reactions


BI upbeat on rupiah despite recent slide The rupiah weakened on Friday against the U.S. dollar for the fourth consecutive day at Rp 8,490 per dollar, but the central bank said that the current movement was still "within range" and that intervention was unnecessary. Bank Indonesia senior deputy governor Anwar Nasution told reporters that the central bank had no plans so far to intervene in the market to support the local unit.

Posted in Economy @ 25 October 2003 00:03 CET by Jeroen · permalink · 0 reactions


Indonesia faces up to post-IMF reality After five years under the harsh tutelage of the International Monetary Fund (IMF), Indonesia, Southeast Asia's largest economy, is to break free from the IMF's bailout program and loan lifeline at the end of this year when its US$5 billion line of credit expires. A government committee has drafted an economic blueprint, a White Paper for post-IMF Indonesia that will be revealed on Friday, simultaneously with the draft budget for 2004, by President Megawati Sukarnoputri.

Posted in Economy @ 17 August 2003 00:02 CET by Jeroen · permalink · 0 reactions
    
 FOLLOW US ON TWITTER
 BLOG ARCHIVE
· 2015, 28 entries
· 2014, 591 entries
· 2013, 750 entries
· 2012, 1061 entries
· 2011, 792 entries
· 2010, 644 entries
· 2009, 916 entries
· 2008, 504 entries
· 2007, 725 entries
· 2006, 1014 entries
· 2005, 723 entries
· 2004, 558 entries
· 2003, 525 entries
· 2002, 375 entries
· 2001, 162 entries
 POPULAR TAGS
· gigolo
· jakarta
· blogger
Automatically generated every hour
 BLOG CATEGORIES
· General (1205 entries)
· Economy (643 entries)
· Politics (574 entries)
· Accidents (561 entries)
· Terrorism (541 entries)
· Earthquake (539 entries)
· Volcanoes (387 entries)
· Crime (357 entries)
· Corruption (349 entries)
· Flooding (278 entries)
· Elections (276 entries)
· Travel (268 entries)
· Bird Flu (254 entries)
· Religion (242 entries)
· Tourism (239 entries)
· Oddly enough ... (219 entries)
· Violence (198 entries)
· Drugs (196 entries)
· Health (192 entries)
· Aceh conflict (191 entries)
· Environment (185 entries)
· Weather (171 entries)
· Military (168 entries)
· Protests (157 entries)
· Culture (106 entries)
· Garuda Indonesia (91 entries)
· C. Sulawesi conflict (86 entries)
· Human rights (82 entries)
· Forest fires (78 entries)
· Sidoarjo mudflow (71 entries)
· Power supply (64 entries)
· Ramadan (63 entries)
· PT Freeport (55 entries)
· Picture guess (48 entries)
· Maluku conflict (47 entries)
· History (37 entries)
· Dengue Fever (37 entries)
· Infrastructure (36 entries)
· Polio (35 entries)
· Mexican flu (35 entries)
· Website (25 entries)
· Media (22 entries)
· Nuclear power (21 entries)
· Sports (20 entries)
· Sexy (16 entries)
· SARS (15 entries)
· Nightlife (10 entries)
· Others (5 entries)
· Lippo Cikarang (5 entries)
· Close smallest categories
 ADVERTISEMENT

Created by indahnesia.com · feedback & contact · © 2000-2020
Other websites by indahnesia.com: ticketindonesia.info · kamus-online.com · indonesiepagina.nl · suvono.nl

Valid HTML 4.01 Transitional 138,712,716 pageviews Discover Indonesia Online at indahnesia.com