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Indonesians will enjoy lower fuel, cooking gas and cement prices next week, yet prices of other goods and services may not immediately follow suit as business struggle with a weakening currency and high distribution costs.
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Indonesia succeeded in controlling its inflation down to 8.36 percent in 2014 despite recent cut in subsidies on energy.
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Indonesian workers have threatened to go on a nationwide strike if the government fails to meet their demands raised jointly in the capital city of Jakarta on Wednesday.
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Consumption of non-subsidized gasoline pertamax has increased by some 137 percent since the subsidized fuel price hikes. State-owned oil and gas company PT Pertamina recorded that consumption in the past week has increased to 5,200 kiloliters per day, the companys Vice President for Marketing and Distribution, Suhartoko, said here on Wednesday.
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Indonesian President Joko Widodo (Jokowi) has announced the increase of subsidized fuel oil prices that will take effective at 00:00 am or early Tuesday (Nov 18, 2014).
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The government has set aside Rp433.5 trillion in the draft 2015 state budget for subsidy expenditures, stated President Susilo Bambang Yudhoyono.
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The number of this years post-fasting Idul Fitri travelers will increase by about three percent to 1.5 million, stated Transportation Minister A.A. Mangindaan. "It is predicted to increase by 3 percent from that in the previous year," the minister remarked here on Tuesday.
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The rescue team on Friday afternoon found the climber who was lost in the Tawon Songo area of Mount Semeru on Tuesday. "Praise to God, the search and rescue team has found the lost climber alive in the Tawon Songo area on Friday at 12:55 p.m.," the chief of Bromo Tengger Semeru National Park Agency, Ayu Dewi Utari, told Antara here on Friday.
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Indonesia's economy is expected to slow down in 2014 as a result of being impacted by various domestic and foreign factors, said market analyst Surjanto Yasaputera here on Thursday. "The BI rate hike from seven percent to 7.5 percent is one of the factors holding back foreign investors from making new investments," he stated.
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The Jakarta Labor Forum expressed disappointment with Jakarta Governor Joko Widodo for approving a minimum wage of Rp2.441 million per month for Jakarta workers.
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The finance minister will soon issue a regulation on an increase in sale tax on foreign-made luxury cars to curb their import, Industry Minister MS Hidayat said. "The ministerial regulation has been prepared," he said here on Thursday.
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President Susilo Bambang Yudhoyono here on Tuesday announced May 1st or widely known as Labor Day as national holiday. "Today I have officially approved that every May 1st will be national holiday," said the president on his official twitter account @SBYudhoyono.
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Indonesia's inflation may jump to 9 percent this year under the impact of the recent rise in the prices of subsidized fuel oils, World Bank economist Ndiame Diop has predicted.
"The higher fuel prices will first have a greater impact on the inflation rate by increasing average annual inflation rate in 2013," he said here on Tuesday.
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Public transportation fares to increase by 15 percent following the fuel price hike announced by the government last Friday (June 21), Transportation Minister EE Mangindaan said here on Monday.
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Vice President Boediono has instructed relevant ministers and officials to maintain food price stability in the face of subsidized fuel price hikes and the fasting month of Ramadhan.
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Sukabumi police foiled an attempt to hoard 5.2 tons of subsidized fuel oil in Purabaya Subdistrict, Sukabumi District, following the government`s plan to increase fuel prices.
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Police in Bengkulu city on Monday detained three students protesting against the government`s plan to raise the prices of subsidized fuels.
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President Susilo Bambang Yudhoyono appealed to political elites in the country here on Wednesday to set aside their political interests with regard to fuel price. He said there was a bigger national interest behind the government`s plan to raise the subsidized oil prices and give compensation to the poor.
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President Susilo Bambang Yudhoyono chaired a closed-door meeting with leaders of government coalition parties on Tuesday night to discuss recent economic developments as part of efforts to save the draft revision of the 2013 state budget.
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The Public Works Ministry is preparing at least Rp6 trillion in funds to build various basic infrastructure facilities in return for the imminent fuel price hike.
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The government has urged the House of Representatives (DPR) to accelerate the discussion of the draft revision of the 2013 state budget so that fuel price hike could be immediately implemented.
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The government will raise the price of subsidized fuel oil after the House of Representatives (DPR) endorses cash compensation for the poor, Finance Minister Chatib Basri said. "The subsidized fuel price will be raised if the compensatory funds are available," he said at the parliament building here on Monday.
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President Susilo Bambang Yudhoyono called on the people to seriously help save on fuel oil consumption in an effort to alleviate the burden of the state budget and preserve the environment.
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Around 1,500 workers of three local contractors for PT Freeport Indonesia in Papua, resumed work on Friday ending a three day strike.
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Vice President Boediono said the distribution of for the poor (raskin) needs to be improved if the fuel price hike is to be imposed later.
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The government and the House of Representatives (DPR) have agreed to a decline in hajj pilgrimage cost (BPIH) by an average of US$90 for this year.
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The electricity tariff hike by 14 to 15 percent this year is predicted to save a subsidy budget of Rp14 trillion, an official said.
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Hundreds of workers staged a rally here on Wednesday to protest against an electricity tariff increase which they said may lead companies to postpone minimum provincial wage hikes.
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An increase in the price of electricity beginning this month will reduce the purchasing power of laborers, Said Iqbal, the president of the Indonesian Workers Unions Confederation (KSPI) said.
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A survey institute director has stated that there are no indications that suggest the toppling of President Susilo Bambang Yudhoyono, despite the current legal and political climate in the country.
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Bisnis Bali reports that a planned 15% hike in electrical power rates will increase overall energy costs by up to 10%. For many companies in the tourism sector, expenditures for energy represent 5% of gross revenues.
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Mount Anak Krakatau in the Sunda Strait is still on level II alert, according to an observation officer. "We have asked all tourists and fishermen to stay away from the volcano because it could endanger the safety of their lives," Mount Anak Krakatau Observation Post officer Jumono said on Friday.
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President Susilo Bambang Yudhoyono said the government would increase the basic salaries of civil servants, military and police personnel by seven percent in 2013.
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President Susilo Bambang Yudhoyono has asked all administration officials to remain calm, think clearly and rationally following the House of Representatives` (DPR) decision to postpone the fuel price hike initially planned as of April 1.
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The Indonesian House of Representatives (DPR) is scheduled to decide on the controversial proposed fuel price hike during a Friday plenary meeting. This was announced following a meeting between the government and the DPR's Budget Committee here on Thursday.
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Chief Economic Minister Hatta Rajasa has denied that food commodity prices are increasing in the run-up to the fuel oil price hike scheduled on April 1.
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Golkar Party expressed its stance, saying that it is not necessary to raise the subsidized fuel oil prices as planned by the government and expected to be effective on April 1, 2012.
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The Jakarta Police Department, Polda Metro Jaya, said that they are on standby for the anticipated anti-fuel price hike rallies in the capital until April 5."After April 5, the Jakarta police will end its duty of guarding the fuel hike rallies," said the Jakarta Police`s spokesperson Rikwanto here on Wednesday.
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Police arrested 35 demonstrators and took them to the Jakarta Regional Police Headquarters after they clashed with security officers during a rally on Tuesday, in protest of the government`s plan to raise fuel oil prices.
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An Indonesian Democratic Party of Struggle (PDIP) lawmaker has asked the people not to vandalize public property while holding rallies against the government`s plan to raise fuel prices.
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Vice President Boediono has said the government will act against those hoarding fuel, as it has done in other regions. "The government will surely enforce the law to safeguard the use of fuel oils based upon their initial purposes," the vice president said here on Tuesday.
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The government will provide subsidy for farmers in compensation for fuel oil price hikes next April, a legislator said. "The government has now provided farmers with seeds and fertilizers," Herman Khaeron of the House of Representatives (DPR)`s Commission IV on agriculture, said here on Sunday.
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The government has decided to postpone its plan to raise the basic electricity tariff by three percent per quarter beginning May 1, a minister said.
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The country`s largest Muslim organization Nahdhatul Ulama (NU) asked demonstrators, who were opposed to the government`s fuel oil price hike, not to turn lawless while holding a rally.
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The government is mulling to raise base electricity tariff (TDL) by 10 percent in stages as of May 2012. Energy and Mineral Resources Minister Jero Wacik said here on Tuesday the base electricity tariff and the price of subsidized fuel oils will not be raised simultaneously.
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Indonesia will revise downward its growth target for the 2012 budget from 6.7 percent to 6.5 percent, Finance Minister Agus Martowardojo has said.
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Vice minister of energy Widjajono Partowidagdo has suggested what he believes are ideal figures for the hike in the price of subsidized gasoline on Monday. "Ideally, the rise should be between Rp1,000 and Rp1,500," he said.
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The government will soon discuss with the House of Representatives (DPR) the results of its study on fuel oils, a minister said. Minister of Energy and Mineral Resources Jero Wacik said here Monday that the government had finished its study on fuels, which was requested by the DPR.
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Several political party factions in the House of Representatives (DPR) differ with regard to the government`s plan to restrict consumption of subsidized gasoline.
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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.
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Tourists and fishermen are advised to keep at least two kilometers distance from the summit of an Indonesian volcano. This advice was issued yesterday after the authorities heightened the alert status of the volcano.
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The number of tremors measured by sensitive instruments around the Moun Papandayan volcano in the district of Garut in West Java province is showing an increase. The alert status of the volcano was raised to a level three out of four after six tremors were recorded in only several hours time yesterday.
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The alert status of the Mount Lokon volcano near the city of Tomohon in North Sulawesi has been raised to the highest possible status, a level 4, which indicates that an eruption is in proces. At least two subdistricts are being prepared for evacuations.
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Airlines in Indonesia are thinking about increasing their ticket prices to compensate for the rapidly rising global fuel prices. Recently, fuel prices have already hiked some 20 percent. Garuda Indonesia has already increased fares by an average of five percent this week, but has done this quietly.
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In an urgent step to curb inflationary food prices the Indonesian government will abolish value-added taxes and import duties on a number of food products.
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The government has confirmed that prices of airline tickets during the Lebaran period - the end of the month of fasting Ramadan - will not be increased. "There will be no hike," said the head of the Air Transport department of the Ministry of Transport, Herry Bhakti. He said this after he was asked about possible price hikes during this busy travel period.
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The Indonesian government has increased the basic electrical tariff by 10%, effective July 1, 2010. The increase in energy costs affects only consumers with 900 kwh connections or higher. Bisnis.com reports that in accordance with a ministerial decree dated June 30, 2010, the following levels if rate increases apply:
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Five members of a group of nature lovers Kapas Palopo, are officially reported missing after they didn't return from their hike on the Kambuno volcano in the region of Luwu Utara in South Sulawesi. The team left on January 31 and was to return on February 7, but until now the five still have not returned yet.
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Indonesia is a hiker’s paradise, but sometimes it can be tough just knowing where to start. A new website aims to help you take the first step. Dan Quinn makes lists. He makes lists of things to do. He makes lists of things to buy. And he’s made a list of mountains to climb. “Without a list,” he says, “I don’t get things done.”
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However tariffs of toll roads throughout many parts of Java and parts of Sumatra and Sulawesi have indeed been increased late last month, price hikes are not as drastic as they were first portrayed. Most users will hardly have any increase at all, since tariffs for higher road classes were among those increased most. This means that an entire Indonesian family stuffed in one oversized SUV still pays almost nothing to use the toll roads.
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The price of fuel in the city of Padang and surrounding regions has jumped to absurd levels soon after the earthquake. With most gas stations too damaged to be opened for service and others not being able to sell fuel because of shortages, traders can ask almost anything for just one liter of fuel. Most fuel now costs 40,000 Rupiah per liter (2.85 euro) where this normally is 5,500 Rupiah per liter (0.39 euro) for fuel sold in the streets.
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Starting tomorrow, higher tariffs of toll roads will become effective. The first increase in two years - according to laws that allow price increases once every two years to correct for inflation and increased operational costs - will be some 30 percent. A price hike was planned for earlier this month, but because of the Ramadan month of fasting and the following busy travel period, the increase was delayed.
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The state-owned power company PLN will propose to hike rates up to 30 percent for households and industries in the country to make the company profitable again. The proposal however was soon shot down by senior business representatives that said that such an increase would hurt economical growth.
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The state roll road management agency in Indonesia ( BPJT) has announced that three of the largest toll road operators in the country have asked to be allowed to increase their tolls with some 12 to 19 percent this year. Toll rates are allowed to rise every two years. If the agency agrees with the new prices, they will come into effect as soon as September 4, 2009.
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Five hikers who went missing on the Ceremai mountain a few days ago, were finally found around 11:20 local time in the area of Pasirpis at an altitude of 1.100 meters, which is in the district of Kuningan. "The five climbers were found in healthy condition," said one of the members of the search and rescue team.
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Mount Barujari, the most recent volcanic cone of the Mount Rinjani volcano on the island of Lombok in the Lesser Sunda Islands is once again erupting. The volcano erupted for the first time last Wednesday. The eruption of the almost 4.000 meter high volcano does not cause tremors. Local residents are not worried about the current eruption of the volcano.
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Indonesia has raised to maximum its alert on the Mount Semeru volcano in East Java, warning of potentially dangerous lava flows, an official at the country's vulcanology center said on Saturday. The 3,376-meter Semeru is one of the most active volcanoes on Java island. Seven people were killed by the mountain's heat clouds in 1994.
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A fuel crisis that grips six districts near Kupang, in the province of East Nusa Tenggara, has caused the price for just one liter of petrol to be as high as 50.000 Rupiah, which is ten times as much as the current official price. Diesel fuel and cooking oil are traded at 25.000 per liter, which has caused the transportation sector to come to a complete stop. "Only rich people can afford it to buy fuel here for their vehicles," said Martinus Rohi, a teacher at an elementary school in the area.
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The Indonesian government has put new import regulations in place as well as a massive tax hike creating a Customs clampdown on Indonesia’s alcohol supplies leading up to the Christmas holiday season, according to a report in Bali Update this week. Much to the frustration of hotel and restaurant operators, alcohol supplies have been reduced to a trickle, leaving many guests disappointed by not being able to enjoy their favourite beverage.
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During the year-end holidays, prices of train tickets will be hiked about 50.000 Rupiah per ticket on a one-way stretch. The raise in fares is mainly for executive class tickets for travel between December 19, 2008 and January 5, 2009. All executive class trains will have higher fares during this period.
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Across many parts of Indonesia, families are having a close look at their budgets once again during the Islamic holy month of fasting, Ramadan. Rising food and fuel prices limit spending power for the festivities that are normally held when breaking the daily fast. The world's fourth largest country has seen rising costs in the lead-up to the month of fasting, putting those families hit hard by earlier price hikes of fuel under more pressure.
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Residents in some areas have protested against the latest price hike of LPG. The price of a 12 kilogram bottle of LPG was hiked today. The official price was increased by some 6.000 Rupiah, while local shops sold the LPG at prices around 75.000 Rupiah per unit. In just over a year the price of LPG has risen by almost 50 per cent, which means that many who were forced to transfer from cooking oil to gas earlier on, now feel the burden as well.
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The department of Religious Affairs in Indonesia has formally set the price of the hajj pilgrimage for this year. The price will be some 450 US dollar higher than last year, which translates into a hike of 5 million Rupiah, or 20 percent. The hike in prices is mostly caused by the higher cost of flying because of high world oil prices. The Minister of Religious Affairs, Maftuh Basyuni, said that the price of the pilgrimage is decided upon by presidential decree.
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President Susilo Bambang Yudhoyono said on Wednesday oil subsidies may rise to 14.1 bn euro this year if crude prices average $140 a barrel and urged parliament to work with the government to tackle the issue. Fuel prices were increased in May due to ballooning subsidies on the back of soaring global oil prices, sparking protests in a country where millions are already suffering from higher food prices.
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The state-owned oil and gas company PT Pertamina said on Monday it will hike the price of liquefied petroleum gas (LPG) for households by 23 percent starting July 1. Pertamina said the move takes into account the sharp increase in LPG prices in the international market as well as the higher operation and distribution costs as a result of the fuel price hike.
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President Susilo Bambang Yudhoyono's popularity ratings have fallen because of a recent fuel price increase and he would likely lose if an election were held today, a new poll showed on Sunday. Mr Yudhoyono, a former general, won the country's first direct presidential election in 2004 when he promised to tackle widespread corruption, spur economic growth and create jobs.
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Residents of Jakarta, Depok, Serpong and Tangerang that work into the evening can now possibly make use of the new train services from PT Kereta Api Indonesia (PT KAI) in the Jabodetabek area, which is going to run an economy fare electric train service starting this evening. The head of the train station in Bogor, Yuherman, said that the state-owned train company is to use trains on the two added timetables for the Jakarta-Bogor and Jakarta-Serpong evening services.
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The Indonesian government can not rule out any new fuel price hikes before the presidential elections in 2009. This was said by Purnomo Yusgiantoro, Minister of Energy and Natural Resources. The current fuel subsidies have a big impact on the state budget, which should be reduced. The government raised fuel prices of subsidized fuels with almost 30 percent last month, which sparked protests throughout the country.
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For most Indonesians it came as unexpected as ever. With a shortage of foreign news, strictly regulated by the Indonesian government, it was not in the line of expectations of the average man in the street that fuel prices might just be hiked with one third all of a sudden. However almost the entire population of this planet knows what the current market price of a barrel of crude oil is - somewhere about 130 US dollar - Indonesia assumed that everything was fine. Use of fuel would decrease, prices would come down and nationwide production was to rise as well.
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Indonesia is hoping to be an oil exporter again in five years, the vice president reportedly said Thursday after Jakarta announced it was quitting the Organisation of Petroleum Exporting Countries. "Our target is that in five years we can be an exporter again given
that our oil fields have been explored efficiently and we are saving energy domestically," Vice President Jusuf Kalla was quoted as saying.
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Police in Indonesia has arrested several hundred protesters in the Indonesian capital Saturday after some burnt tires and threw Molotov cocktails during a rally over fuel price rises, police said. The government hiked the cost of fuel by nearly 30 percent from Saturday in response to soaring global oil prices, and a ballooning subsidy bill, leaving hard-pressed households facing even more economic woes.
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Vice-president Yusuf Kalla said that he hoped that Indonesians would be watching television tonight. This might be a clearest signal until now that drastic hikes in subsidized fuels are imminent. Some say they might even be raised as early as midnight tonight, just more than four hours away for most Indonesians.
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The Minister of Finance in Indonesia, Sri Mulyani Indrawati, has informed that the prices of fuel are about to rise with some 28.7 percent. The new prices are most likely to be announced tomorrow afternoon after the handouts of the direct cash aid to poor families. The prices will most likely be as following: regular petrol (premium) Rp. 6.000, up from Rp. 4.500, diesel (solar) Rp. 5.500, up from Rp. 4.300 and cooking oil will become Rp. 2.500, up from Rp. 2.000.
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Thousands of demonstrators have protested against the planned fuel price hikes this afternoon. Most of the demonstrators had gathered in front of the Presidential Merdeka palace in Jakarta. Another favorite place for the demonstrators was in front of the main government building in Jakarta. The demonstrators demanded that the government agreed with a list of seven demands they made, one of them was not raising the fuel prices. They also demanded lower food prices and free health care and education.
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Angry students increase their protests across Indonesia, showing the risks for the government if it will cut subsidies on fuel amid soaring world oil prices. The protests are small and peaceful, but the government is keeping a close watch. Drastic price hikes in 1998 eventually caused the fall of former president Suharto. There were demonstrations in at least ten cities.
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ndonesia's police have been told to be be on alert for any signs of unrest over fuel prices ahead of an expected price hike. The government is believed to be considering a fuel price rise of between 20 and 30 percent, a move that is sure to fan inflation at a time of already high food prices.
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The government in Indonesia is planning to hike prices of subsidized fuels by an average of some 28.7 percent. The price hike should become effective on June 1 and is aimed to prevent deficit in the state budget to grow to as much as 2.5% from 2.1% after the last revision last month. The last time that prices of subsidized fuels were hiked in Indonesia was in October 2005, when prices were almost doubled.
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The search on Bali's Mount Agung for two missing students from Bandung's Widyatama University - Eko Saputra Sudirman and Yunita Indah Savitri has been halted. As reported earlier, three trekkers went missing on December 26, 2007, with a search effort commenced on December 30, 2007. The body of one of the hikers, Muhammad Ikbal (21) was discovered by searchers on January 6th but the remaining 2 students are still missing.
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The Indonesian Government will increase the cost of ferry crossings nation-wide effective December 1, 2007. In announcing the fare hikes which will affect 22 inter-island crossings in Indonesia operated by 198 ships, the Minister of Transportation Jusman Safei Djamal, said the increases were necessary to stem the losses now being suffered by the Nation's ferry operators.
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Mount Semeru volcano in the district of Lumajang in the province of east Java is in eruption since a few hours ago. The volcano showed the eruption with a dust storm and an explosion which could be heard up to one kilometer away from the crater. "The tourist track to hike to the peak of the volcano is obviously closed down immediately until further notice," said Suparno, the head of the observation station Sawur in the district of Lumajang.
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Indonesian Minister of Energy and Mineral Resources, Purnomo Yusgiantoro, said that the government would not raise fuel prices next year despite a 17 percent cut in fuel subsidy spending calculated in the 2008 state budget. Fuel subsidy is to be cut to 46.7 trillion Rupiah (3.68 billion euro), down from 56.4 trillion Rupiah (4.44 billion euro) this year.
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You know them, the ever friendly people who always know where to find that parking space you need. If not on the pavement, in front of an entrance or on a dead-end part of the highway system in Jakarta. There is always place for just one more car, motorbike or bikes, which are folded together near a trash can or tree. No problem at all and we are all happy that we can park at a distance less than ten meters from where we want to go. Nothing wrong with paying a little extra on top of the set prices. Gladly even, because 'better be lazy than tired', is something you have to pay for. Of course we are not talking huge amounts here and for hat few thousand Rupiah's you won't push aside cars yourself, I won't believe that.
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Two climbers that had been reported missing last week when climbing Mount Semeru were found alive earlier today and were evacuated from Besuk Tompe to Loji Air. "Thank God, the two mountaineers, Markus (28) and Riko (27), have been found alive although they are very weak for not having had any food for the last four days," said Joko Prihanton, head of Beuk Tompe National Park by telephone.
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Quite a lot back in time, about two-and-a-half to three years already, but when I found these bills again there were certain memories returning to my mind. It's time once more to write down some of them here on this virtual paper, so I can reduce my current heap of entrance- and parking tickets and other useless prove of payment. I always keep all of them, just in case. But there is never a just in case until I find them again, like today.
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Indonesia's central bank cut its benchmark interest rate to a 14-month low, the seventh reduction since May, to help revive consumer spending and boost investment. Bank Indonesia Governor Burhanuddin Abdullah and his fellow policy makers reduced the rate used as a reference for bill sales by half a percentage point to 9.75 percent, a move predicted by 16 of 21 economists surveyed by Bloomberg News, and indicated further cuts are likely next year.
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A 43-year-old man died on Sunday from injuries sustained after a gas pipeline explosion in Java island last month, taking the toll from the disaster to 13, media reports said. The Nov. 22 blast, which disrupted gas operations in the region covered by state oil company Pertamina's East Java Gas Pipeline, occurred in an area where hot mud has been gushing unchecked since the end of May following a drilling accident.
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A man died late on Wednesday after suffering injuries from last week's gas pipeline explosion in the Indonesian area swamped by a devastating mudflow, pushing the incident's death toll to 12, a doctor said. The Nov. 22 blast, which disrupted gas operations in the region covered by state oil company Pertamina's East Java Gas Pipeline, occurred in an area where hot mud has been gushing unchecked since the end of May following a drilling accident.
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Two more bodies were found on Friday near the scene of a gas pipeline explosion in Indonesia's East Java province which was linked to a devastating mudflow, pushing the death toll from the incident to 10. "Rescuers found two more dead bodies this morning and we are currently preparing the identification and autopsy of those bodies," Sukamto Kasmuri, director of the main hospital in the East Java regency of Sidoarjo, told reporters.
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The sales of motorcycle in Indonesia is predicted to expand by 5 percent next year to 4.5 millions units, a dealer said here Friday. "Next year the demand of the motorcycle in the country will grow 5 percent," Vice Director of the Yamaha Kencana Indonesia Corp. Dyonisius Beti was quoted by the Antara news agency as saying. He said that the expansion was driven by about 5 percent economic growth predicted for next year.
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If fuel and electricity are to escape much speculated hikes, then it's probably the turn of cigarettes to go up in price to pad state coffers. The government is considering raising next year both the retail price and excise duty of cigarettes sold in the country, the Finance Ministry's Director General for Customs and Excise, Anwar Suprijadi, said Tuesday.
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