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Fuel prices lowered, again 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.

Posted in Economy @ 17 January 2015 01:23 CET by Jeroen · permalink · 0 reactions


Pertamax consumption up by 137 percent after fuel price hikes 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.

Posted in Economy @ 03 December 2014 20:09 CET by Blog Bot · permalink · 0 reactions


BI: economic slowdown in Q2 in line with stabilization scheme Indonesias economic slowdown in the second quarter of this year was in line with macro-economic stability policy adopted by the government and Bank Indonesia aimed especially to control inflation and current account deficit, the central bank said.

Posted in Economy @ 06 August 2014 10:09 CET by Blog Bot · permalink · 0 reactions


Bank Indonesia revises down economic growth target Bank Indonesia (BI) revised down its prediction of economic growth in 2014, from its initial 5.5-5.9 percent to 5.1-5.5 percent. "The factor that had made us revise the economic growth target down is the revision of export performance," BI governor Agus Martowardojo said at a press conference here on Thursday.

Posted in Economy @ 08 May 2014 21:23 CET by Blog Bot · permalink · 0 reactions


Prabowo: 'Agriculture more important than economic concerns' The issue of agriculture is a more important concern than simple economics, because it has a strategic role in the life of the nation, according to Indonesian Farmers Association Chairman Prabowo Subianto.

Posted in Economy @ 01 March 2014 16:35 CET by Blog Bot · permalink · 0 reactions


Indonesian economy to slow down in 2014 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.

Posted in Economy @ 14 November 2013 16:53 CET by Blog Bot · permalink · 0 reactions


Customs officer arrested in large bribe case The finance division of the National Police arrested a customs officer and a Jakarta businessman on Tuesday on suspicion of their involvement in an organized corruption ring to circumvent state audits on imports, police said on Tuesday.

Posted in Corruption @ 31 October 2013 02:48 CET by Jeroen · permalink · 0 reactions


Minister stresses on urgent need for low cost cars A government policy governing the production of low cost green cars (LCGC), which is a best possible solution agreeable to all parties, must be formulated, the Coordinating Minister for Economy Hatta Rajasa said.

Posted in Economy @ 20 September 2013 13:15 CET by Blog Bot · permalink · 0 reactions


Ministry of industry issues policies to maintain growth The Ministry of Industry has issued a package of policies to maintain the growth of national industries affected by current financial market conditions and the rupiah depreciation.

Posted in Economy @ 28 August 2013 17:44 CET by Blog Bot · permalink · 0 reactions


Government to boost economic growth to six percent The Indonesian government is keen to boost economic growth to six percent amid the global economic meltdown, said Finance Minister Chatib Basri.

Posted in Economy @ 12 August 2013 16:16 CET by Blog Bot · permalink · 0 reactions


Money laundering charge against Luthfi groundless Zainudin Paru, the lawyer of former lawmaker and president of the Islamic Justice and Welfare Party Luthfi Hasan Ishaaq described as groundless the money laundering charge against his client by the Corruption Eradication Commission (KPK).

Posted in Corruption @ 27 March 2013 18:22 CET by Blog Bot · permalink · 0 reactions


Minister Suswono questioned as witness at KPK Agriculture Minister Suswono came to the Corruption Eradication Commission (KPK) here on Monday following a summons from the agency for questioning as a witness over a corruption case.

Posted in Corruption @ 18 February 2013 21:11 CET by Blog Bot · permalink · 0 reactions


Jakarta customs foil attempt to smuggle beef  from Australia The Customs office in cooperation with the Quarantine Agency of the agriculture ministry has foiled an attempt to smuggle into the country 1.4 tons of beef from Australia via Jakarta`s Tanjung Priok port.

Posted in General @ 05 February 2013 18:59 CET by Blog Bot · permalink · 0 reactions


PKS says corruption case due to zionist conspiracy The statement of high party members of the Islamic PKS party that a zionist conspiracy was created against the party which it caused to be involved in a huge corruption scandal has been made without any evidence backing it up. "It's just pure speculation, there is no evidence at all," said Habiburohkman, of the Union of Spokespersons.

Posted in Corruption @ 03 February 2013 09:40 CET by Jeroen · permalink · 0 reactions


Indonesia needs to increase its military strength Former Indonesian military chief retired Gen. Endriartono Sutarto said the country needs to modernize its military equipment to protect its sovereignty. The country needs to have a strong military to command respect from other countries, Sutarto said here on Sunday.

Posted in Military @ 18 November 2012 17:34 CET by Blog Bot · permalink · 0 reactions


Indonesia`s military spending at 0.7 pct of GDP Indonesia`s military spending is still very small recorded at only 0.7 percent of its gross domestic product or far below that of other countries in the world, Vice President Boediono said.

Posted in Military @ 07 November 2012 16:25 CET by Blog Bot · permalink · 0 reactions


Indonesian Islamic party against imports  from Israel The faction of Islamic-based Development United Party (PPP) criticized the government on entry of Israeli food products into the Indonesian market.

Posted in Politics @ 13 August 2012 21:41 CET by Blog Bot · permalink · 0 reactions


Indonesia's economy grows 6.3 pct in Q1 Indonesia`s economy has grown 6.3 percent year-on-year (YOY) in the first quarter of this year, according to the National Statistics Agency (BPS). "Compared to the fourth quarter of 2011, in terms of GDP, it has grown 1.4 percent," BPS chief Suryamin said here on Monday.

Posted in Economy @ 07 May 2012 13:44 CET by Blog Bot · permalink · 0 reactions


Indonesian imports increase by 56 % in September Indonesian imports increased by 56.4 percent in September when compared to the same period last year, reaching a total value of $15.1 billion, officials said on Wednesday.

Posted in Economy @ 02 November 2011 16:52 CET by Blog Bot · permalink · 0 reactions


Indonesia's trade surplus declines third straight month Indonesia's exports reached $16.52 billion and imports reached $14.89 in April, resulting in a surplus of $1.53 billion, the country's Central Statistics Agency (BPS) said Thursday.

Posted in Economy @ 03 June 2011 00:07 CET by Blog Bot · permalink · 0 reactions


Ministry: Indonesia to lead ASEAN's economic growth in 2012' Indonesia's 2012 economic growth is expected to top the Association of Southeast Asian Nations's (ASEAN) member states, Indonesia's Finance Ministry said Tuesday.

Posted in Economy @ 01 June 2011 01:00 CET by Blog Bot · permalink · 0 reactions


China-Indonesia trade could reach $50 billion this year Bilateral trade between China and Indonesia is expected to reach $50 billion this year, in the non-oil/non-gas sector, officials said Friday.

Posted in Economy @ 14 May 2011 02:08 CET by Blog Bot · permalink · 1 reaction


Pertamina refinery fire extinguished, no plan to import extra fuel The Pertamina refinery fire in Indonesia was completely put out, five days after the initial explosion that began burning the refinery's fuel tanks.

Posted in Accidents @ 07 April 2011 16:12 CET by Blog Bot · permalink · 0 reactions


Indonesia: 'Radiation-free certification for Japanese food imports' The Indonesian government on Thursday said it had requested that all food imported from Japan be accompanied with certification that ensures the safety of the imports, the Jakarta Globe reported.

Posted in Health @ 24 March 2011 19:13 CET by Blog Bot · permalink · 0 reactions


Indonesia exports over 2010 reached new record The head of the Indonesian Bureau of Statistics BPS, Rusman Heriawan, has said that the exports from Indonesia over 2010 reached a record high. A total of 157.73 billion dollar worth of goods and services was exported to most countries in the world. December gained the number one monthly export with 16,8 billion dollar in exports.

Posted in Economy @ 03 February 2011 13:29 CET by Jeroen · permalink · 0 reactions


Mount Merapi replanting movement launched People living on the slopes of Mount Merapi are being encouraged to replant as part of a government campaign to restore land badly damaged by recent eruptions. The campaign officially kicked off on Tuesday with Agriculture Minister Suswono planting banana trees in Batur village, Sleman, in Yogyakarta.

Posted in Volcanoes @ 26 December 2010 04:00 CET by Jeroen · permalink · 0 reactions


More limitations for importing films to Indonesia A United States trade representative to Indonesia, Demetrios Marantis, has expressed his concern over a new decree that is currently considered by the Indonesian government. This decree will further restrict regulations over imports of foreign films to Indonesia. Marantis said that if the decree was accepted, it could disrupt bilateral relationship.

Posted in Culture @ 13 February 2010 07:22 CET by Jeroen · permalink · 0 reactions


Destroying imported food part of strict import policy The Bali branch of the Agency for the Supervision of Food and Drugs (BPOM) has conducted on-site destruction of imported food items at several locations around Bali. On Friday, July 10, 2009, a total of 277 different products were crushed and burned in the parking lot of the Bali Deli. The items, not included on the BPOM's list of approved imports included products from Portugal, Germany, Great Britain, Italy, South Korea, U.S.A. and China.

Posted in Oddly enough ... @ 16 July 2009 02:33 CET by Jeroen · permalink · 0 reactions


Indonesia confirms first two cases of Mexican Flu Officials confirmed Wednesday the country's first cases of the H1N1 flu after an Indonesian and a British tourist tested positive for the virus. Health Minister Siti Fadilah Supari identified an Indonesian pilot who recently flew to Australia and Hong Kong, and a 22-year-old British tourist who has lived in Australia.

Posted in Mexican flu @ 25 June 2009 02:07 CET by Jeroen · permalink · 2 reactions


Ruling Indonesia from behind the scenes; MUI moves again They did it again. After they managed to get some 500 percent duty in all imported liquor - a draconian measure that is currently killing people daily, but 'religion above everything' seems to be the motto of the MUI - they now managed to stop beef imports from New Zealand all together. Some imports from Australia have been banned as well. This means a big part of the 70.000 tonnes of beef will not be imported anymore.

Posted in Religion @ 06 June 2009 12:16 CET by Jeroen · permalink · 0 reactions


Indonesia bans beef import from New Zealand Indonesia, the biggest Muslim country in the world, has banned imports of all beef from New Zealand and some of beef from Australia which does not meet religious certification, Indonesian Agriculture Minister Anton Apriantono said Friday.

Posted in Religion @ 06 June 2009 10:44 CET by Jeroen · permalink · 0 reactions


Indonesian exports down 23 percent in April Indonesian exports in April fell 22.5 per cent from the same month a year ago to 8.46 billion dollars, the Central Bureau of Statistics said Monday. Indonesia, South-East Asia's largest economy, had a trade surplus of 2.08 billion dollars in April because its imports dropped 45 per cent to 6.38 billion dollars, the bureau said.

Posted in Economy @ 02 June 2009 08:03 CET by Jeroen · permalink · 0 reactions


Government to simplify liquor import and distribution Bisnis Indonesia reports that the Indonesian Department of Trade is in the process of revising regulations pertaining to the import of alcoholic beverages. Currently under consideration is a simplification of the current rules that would unify the two different set of rules now governing imported and locally produced alcohol.

Posted in Economy @ 30 May 2009 15:53 CET by Jeroen · permalink · 0 reactions


Pertamina drops planned diesel exports Indonesian state oil firm Pertamina has scrapped plans to export diesel this month for the first time because of low regional diesel prices, a company official said on Monday. Pertamina had earlier planned to export some diesel to reduce high stockpiles and was also looking at cutting runs at its nine refineries with a combined capacity of around 1 million barrels per day.

Posted in Economy @ 16 February 2009 05:22 CET by Jeroen · permalink · 0 reactions


Indonesia is running out of imported alcohol quickly 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.

Posted in General @ 15 December 2008 07:27 CET by Jeroen · permalink · 0 reactions


Indonesia withdraws Chinese dairy products Indonesia has withdrawn all dairy produce from China because of the recent scandal involving melamine in Chinese milk products. On Tuesday, the Indonesian government banned imports of milk products from China. A number of other Asian countries have introduced similar measures. Following the news that more articles had been found to contain melamine, Taiwan has ordered the removal of Chinese dairy produce from the shops.

Posted in Health @ 24 September 2008 11:42 CET by Jeroen · permalink · 0 reactions


Investors dropped US$41 billion in Indonesia jobs Twenty-one foreign and domestic investors cancelled their plans to set up oil refineries in Indonesia worth a total US$41.4 billion approved by the government in the period 1994 - 2000. The oil refineries were supposed to be built on Java island, Aceh province, and Riau on Sumatra island, Kalimantan, and West Nusa Tenggara province, said Muhammad Nadjib, deputy chief for investment development at the Capital Investment Board (BKPM).

Posted in General @ 23 August 2008 04:39 CET by Jeroen · permalink · 0 reactions


Indonesia 2007 GDP expected to grow at fastest pace in 11 years The Indonesian economy is expected to have grown at its fastest pace in 2007 since the country was hit by the Asian financial crisis 11 years ago, driven mostly by private consumption. Falling interest rates, a strong financial market performance, and an increase in pay for civil servants are expected to have underpinned the recovery in purchasing power, said Destry Damayanti, an economist at Mandiri Securities.

Posted in Economy @ 14 February 2008 14:08 CET by Jeroen · permalink · 0 reactions


Pertamina needs 70 million dollars per day for imports Pertamina is in need of twice as much foreign money because of high oil prices on the international market with prices reaching as high as 100 US dollars per barrel. Earlier today the general manager of PT Pertamina, Ari Hernanto Sumarno, said that Pertamina was in need of foreign money to pay for the imports of oil for the company. Pertamina has to buy oil from outside Indonesia, even if the prices rise. This is caused by the fact that the total production of oil in Indonesia is not sufficient to cover all of it's needs.

Posted in Economy @ 18 January 2008 05:50 CET by Jeroen · permalink · 0 reactions


Govt considers fuel rationing for private vehicles The Indonesian Government is reportedly weighing the option of imposing a program of gasoline rationing for private vehicles if global oil prices continue their march to a level in excess of US$100 per barrel.

Posted in Economy @ 12 November 2007 01:06 CET by Jeroen · permalink · 1 reaction


Six Garuda B737-400s seized by customs officers Asia aviation soared to new heights on Thursday, October 25, 2007, with the inaugural flight of the Airbus 380 from Singapore to Sydney, while in Indonesia aviation circles were reaping publicity of a less favorable kind when six Boeing 737-400 aircraft leased by national flag-carrier Garuda Indonesia were seized by Indonesian customs and excise officials in Jakarta.

Posted in Garuda Indonesia @ 28 October 2007 08:40 CET by Jeroen · permalink · 0 reactions


Bulog boss becomes graft suspect The head of Indonesia's state-owned logistics agency (Bulog) has been named a suspect in a corruption case involving cows from Australia. Hendarman Supandji, the top anti-graft prosecutor, said the alleged case took place in 2001. "Investigators of the case of cow imports from Australia have named Bulog chief Widjanarko Puspoyo as a suspect.

Posted in General @ 15 March 2007 02:08 CET by Jeroen · permalink · 0 reactions


Indonesia signs rice import deal with Thailand and Vietnam Indonesia has agreed to sign a preliminary agreement with Thailand and Vietnam to import some 400,000 tonnes of rice via government-to-government deals. This was reported by a senior trade ministry official on Friday. These agreements on rice imports are part of the governments prevously announced plans to buy up to 1.5 million tonnes of rice this year alone to bring stability to prices in Indonesia. “We will import 400,000 tonnes of rice via government-to-government deals and we have a Memorandum of Understanding with Vietnam and Thailand,” said Diah Maulida, director general of foreign trade at the trade ministry.

Posted in General @ 24 February 2007 03:03 CET by Jeroen · permalink · 0 reactions


Indonesia withholds vital bird flu data Indonesia, the country worst hit by the deadly H5N1 bird flu virus, has stopped sharing human genetic samples of the highly pathogenic illness with foreign laboratories, raising fears it could slow international efforts to prepare for a pandemic. Officials say Indonesia stopped providing samples internationally last month, hindering efforts to confirm whether the virus killing its citizens is H5N1 and limiting production of vaccines to help prevent its spread.

Posted in Bird Flu @ 06 February 2007 00:47 CET by Jeroen · permalink · 1 reaction


Indonesia may curb exports of crude palm oil Indonesia, the world's second largest palm oil grower, may curb unprocessed exports of the commodity to encourage the development of local refining, an official at the Trade Ministry said. Curbing overseas sales of crude palm oil (CPO) is among the options that will be discussed at a meeting on January 22, Agus Tjahyono, agricultural exports director, said in an interview yesterday. "There are lots of options besides taxes to discourage exports," Tjahyono said. "We can impose regulations."

Posted in Economy @ 20 January 2007 09:41 CET by Jeroen · permalink · 0 reactions


Indonesia to import 520,000 tons of rice The Indonesian government finally made up its mind Thursday to end the rice crisis after stocks were declining and prices soaring with a decision to import 520,000 tons until March 2007. Vice President Jusuf Kalla told reporters here that stocks were run out at the State Logistics Agency (Bulog), and some 250,000 tons of rice were needed to be delivered every month to stabilize the price.

Posted in General @ 21 December 2006 16:48 CET by Jeroen · permalink · 0 reactions


Indonesia-Russia: Arms, atoms and oil The United States, China and now a resurgent Russia are all competing for regional influence in Southeast Asia, and Indonesian President Susilo Bambang Yudhoyono is shrewdly playing his diplomatic cards among all three suitors.

Posted in Military @ 13 December 2006 00:00 CET by Jeroen · permalink · 0 reactions


Indonesia central bank cuts key rate to 14-month low 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.

Posted in Economy @ 08 December 2006 03:03 CET by Jeroen · permalink · 0 reactions


RI enjoyed $32 billion trade surplus until October Indonesia saw a surplus of US$32 billion in its foreign trade in the January-October 2006 period, the Central Bureau of Statistics (BPS) said on Friday. Over the period the country earned US$82.21 billion from exports, while its imports stood at US$50.21 billion, the BPS said.

Posted in Economy @ 02 December 2006 04:27 CET by Jeroen · permalink · 0 reactions


Kalla: 'Rupiah's strength is a concern' The Indonesian rupiah's strength is a concern and businesses in Southeast Asia's biggest economy may feel more comfortable if it weakened to about 9,500 against the dollar, Vice President Jusuf Kalla said.

Posted in Economy @ 24 November 2006 02:32 CET by Jeroen · permalink · 0 reactions


Japan eyes LNG deal in Indonesia pres visit: Jakarta Japan wants liquefied natural gas (LNG) included in agreements to be signed with Indonesia during President Susilo Bambang Yudhoyono’s visit this month, an Indonesian foreign ministry spokesman said on Friday. Spokesman Desra Percaya did not elaborate, but Japan is concerned about maintaining massive imports of Indonesian natural gas in LNG form, after Indonesian officials have said drastic cutbacks could be coming, as it wants to use more gas at home.

Posted in Economy @ 18 November 2006 02:51 CET by Jeroen · permalink · 0 reactions


Chevron to invest $6 bln in Indonesia gas fields Chevron Corp. (CVX.N) plans to invest about $6 billion to develop gas fields off the coast of Borneo, aiming to crank up flagging Indonesian gas output, a senior official at the country's oil watchdog said on Monday. Indonesia, the world's top liquefied natural gas (LNG) exporter, has failed to meet its contractual commitments to traditional buyers such as Japan, South Korea and Taiwan because of a slump in production.

Posted in Economy @ 09 October 2006 15:25 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 inflation edges up in May Indonesia’s annual inflation rate edged up in May on higher food prices and a weaker rupiah, underlining expectations that the central bank will hold off lowering interest rates at a policy review next week.

Posted in Economy @ 02 June 2006 07:08 CET by Jeroen · permalink · 0 reactions


Kalla: No need for another fuel hike Concerns that the recent surge in global oil prices could lead to another fuel price hike this year have eased for the moment, after Vice President Jusuf Kalla said the government had no immediate plans to raise fuel prices. "I don't think a fuel price hike is necessary at the moment," Vice President Jusuf Kalla said Monday. "What we have to do now is to use energy more efficiently, fix up our power sector, and think up of other ways to save fuel."

Posted in Economy @ 25 April 2006 07:09 CET by Jeroen · permalink · 0 reactions


Foreign exchange reserves reaches record high Indonesia's foreign exchange reserves during the first three months of this year reached 41.1 billion U.S. dollars, a figure never recorded before, Bank Indonesia (BI) Governor Burhanuddin Abdullah said on Wednesday. "This is the highest figure ever recorded since the founding of the republic of Indonesia," Antara news agency quoted Abdulah as saying when presenting the bank's first quarter evaluation.

Posted in Economy @ 06 April 2006 07:03 CET by Jeroen · permalink · 0 reactions


Mexico and Indonesia 'will overtake British economy' MEXICO and Indonesia will both have bigger economies than the UK by 2050, according to a report out today which outlines the massive potential of the world’s emerging nations. The report examines long-term demographic trends to suggest that countries such as Mexico, Indonesia, Brazil and Turkey all have young and fast-growing populations compared with the UK and continental Europe, putting them in line for significantly higher long-term growth rates.

Posted in Economy @ 03 March 2006 13:10 CET by Jeroen · permalink · 6 reactions


Fuel imports slump as consumption declines Oil traders looking for a rebound in Indonesia’s oil demand that could resuscitate moribund diesel and gasoline markets may be in for a long wait as Indonesians have quickly learned to live with less fuel. Despite hopes for a quick recovery, consumers in Asia’s fifth-biggest oil user are burning nearly 20 percent or 200,000 barrels per day (bpd) less fuel than a year ago after the government doubled retail prices last October, industry officials say.

Posted in Economy @ 19 February 2006 10:59 CET by Jeroen · permalink · 0 reactions


Bank Indonesia may raise rates depending on inflation Indonesia's central bank will maintain a "tight-biased" monetary policy in the coming months which means its key interest rate may remain at 12.75 percent or be increased, Governor Burhanuddin Abdullah said. Bank Indonesia on Feb. 7 left its key policy rate unchanged for a second month to stem a slowdown in economic growth.

Posted in Economy @ 15 February 2006 09:09 CET by Jeroen · permalink · 0 reactions


Indonesia forecasts rise in rice production Indonesia has forecast a rise in its unhusked rice production this year to 55 million tonnes, despite heavy rains damaging some fields. Agriculture Minister Anton Apriyantono says if the total area of damaged fields remains under five per cent, as in past years, "it will not harm the production target."

Posted in Economy @ 30 January 2006 07:05 CET by Jeroen · permalink · 0 reactions


Indonesia raises February crude imports to 6.18M barrels Indonesia's state-owned oil and gas company Pertamina (PTM.YY) has sharply raised crude imports for February from January due to lower domestic crude supply, said a company official Friday. The company bought a total of 6.18 million barrels of crude via a tender, he said, adding that the volume is sharply higher from its purchase for January of 3.45 million bbls.

Posted in Economy @ 16 December 2005 07:11 CET by Jeroen · permalink · 0 reactions


Govt steps up wild bird watch against avian flu Indonesia will soon form a joint surveillance team for wild birds after a pigeon was found infected with the deadly H5N1 strain of bird flu, Agriculture Minister Anton Apriyantono said on Tuesday. Seven people are known to have contracted bird flu in Indonesia since July, four of whom died. The three survivors have now largely recovered.

Posted in Bird Flu @ 01 November 2005 18:32 CET by Jeroen · permalink · 3 reactions


October inflation surges to 17.9% on fuel Indonesia's inflation rate jumped to a six-year high after the government increased fuel prices, putting pressure on the central bank to raise interest rates today. Stocks and the rupiah fell. Consumer prices climbed 17.9 percent in October from a year earlier after a 9.1 percent rise in September, the Central Statistics Bureau said today in Jakarta. That's faster than the median forecast of 13.3 percent in a Bloomberg survey.

Posted in Economy @ 01 November 2005 07:01 CET by Jeroen · permalink · 0 reactions


SBY still popular despite a year of tough decisions President Susilo Bambang Yudhoyono remains a popular president, with 63 percent of Indonesians satisfied with his performance in running the country, a new survey shows. Similarly, 58 percent of the people were satisfied with Vice President Jusuf Kalla's performance, the survey released on Thursday by the Indonesian Research Institute (LSI) says.

Posted in Politics @ 07 October 2005 14:38 CET by Jeroen · permalink · 0 reactions


Oil price hike may increase inflation to 11 percent The Indonesia's oil price hike will contribute between 2 percent and 3 percent on inflation rate, bringing the country's inflation between 10 percent to 11 percent, a minister said here Thursday. Indonesian Coordinating Minister for Economy Aburizal Bakrie said that based on the current prices hikes resulted from the oil price hike, the contribution seemed less than 3 percent.

Posted in Economy @ 06 October 2005 18:57 CET by Jeroen · permalink · 3 reactions


Subsidy cut to fuel the fire In the wake of a two-month "mini crisis" that saw the rupiah hit a four-year low of 11,750 per dollar on August 30, Jakarta has finally announced an imminent and substantial reduction in fuel subsidies. The exact date and the level of cuts have yet to be announced, though there is widespread speculation over both. Vice President Jusuf Kalla has said fuel prices may rise as early as October 1 while National Development Planning Minister Sri Mulyani Indrawati has said an increase in November would be too late to help reduce subsidies to the level of Rp89.2 trillion. She said fuel prices might increase by at least 50% in October.

Posted in General @ 27 September 2005 00:00 CET by Jeroen · permalink · 0 reactions


Indonesia set for fuel cost rise Indonesia is to raise nationwide fuel prices from 1 October, President Susilo Bambang Yudhoyono has announced. The controversial decision comes as the country moves to cut fuel subsidies in response to the soaring cost of oil. President Yudhoyono said his government would go ahead with the fuel price rise, but did not say by how much.

Posted in General @ 23 September 2005 09:27 CET by Jeroen · permalink · 3 reactions


Indonesia says to hike fuel prices in early October Indonesia plans to raise domestic fuel prices early next month, the government said on Monday, in the first clear indication of when it would reduce crippling but politically sensitive fuel subsidies. "We have not set the date but it will be in early October," State Secretary Yusril Ihza Mahendra told reporters when asked about the timing of the fuel price hike. He said the size of the increase was being calculated.

Posted in Economy @ 12 September 2005 08:40 CET by Jeroen · permalink · 0 reactions


SBY: Indonesia to wait until after October to raise fuel prices Indonesia will wait until at least after October to raise fuel prices, President Susilo Bambang Yudhoyono said on Wednesday, despite a prolonged fall in the rupiah due to soaring world oil prices which has hurt investor confidence. The global price rise has prompted the government to snap up dollars to pay for oil imports and put pressure on the budget due to expensive fuel subsidies.

Posted in Economy @ 31 August 2005 23:24 CET by Jeroen · permalink · 0 reactions


Govt to raise fuel prices in 2006 Indonesia will raise fuel prices early next year to reduce the impact of soaring global oil costs on its budget, the economics minister was quoted as saying Sunday. Indonesia's economic recovery is being threatened by the impact of global crude oil prices at more than $60 a barrel, dwindling domestic oil output, and strong local demand for energy.

Posted in Economy @ 28 August 2005 11:02 CET by Jeroen · permalink · 0 reactions


Pertamina oil imports cost up to $1.8B monthly Indonesia's state-owned petroleum firm Pertamina (PTM.YY) pays up to $1.8 billion a month to fund oil imports, Minister of State Enterprises Sugiharto said Friday. "Every month, Pertamina needs between $1.5 billion and $1.8 billion to finance oil imports," Sugiharto told reporters.

Posted in Economy @ 26 August 2005 18:30 CET by Jeroen · permalink · 0 reactions


Rupiah breaches 10,000 level amid doubts over bank intervention A Jakarta money changer. The Indonesian rupiah has weakened to again breach the 10,000-to-the-dollar level as traders sold off the currency amid fears the central bank would not keep up last week's aggressive defence of the currency.

Posted in Economy @ 22 August 2005 08:37 CET by Jeroen · permalink · 0 reactions


Mari: Chinese shoe industry could be relocated to Indonesia Indonesia will be ready if the China relocates its shoe-making companies here because of a trade row with the United States and the European Commission, Minister of Trade Mari Pangestu says. "We have to be responsive and proactive in taking advantage of any changes ... we plan to approach owners of two giant shoe trademarks, like Nike and Adidas," Mari said on Wednesday when she visited PT Panarub, which produces Adidas shoes in Tangerang,Banten.

Posted in Economy @ 27 July 2005 20:52 CET by Jeroen · permalink · 1 reaction


Indonesia energy crisis shows old habits die hard Indonesian President Susilo Bambang Yudhoyono's efforts to tackle domestic fuel shortages show that, despite talk of reform, Southeast Asia's biggest economy is struggling to part with old ways.

Posted in General @ 12 July 2005 21:47 CET by Jeroen · permalink · 1 reaction


Pertamina: up to US$1.5b needed for fuel imports this month State oil and gas firm PT Pertamina needs 1.3-1.5 bln usd for fuel imports within the next 10 days to replenish national fuel stock levels following higher than expected consumption this month, Pertamina's president Widya Purnama said. Purnama said national fuel stock level has dropped to cover only 17.5 days of nationwide consumption against the normal level of 20 to 21 days.

Posted in Economy @ 20 June 2005 13:02 CET by Jeroen · permalink · 0 reactions


Indonesia's central bank absorbs 1.72 trillion rupiah Indonesia’s central bank absorbed 1.72 trillion rupiah ($181.5 million) from the financial system on Friday, by offering a six-day deposit at 5.75 percent, in an effort to help support the rupiah. This is the third time Bank Indonesia has used the deposit facility, which it described as a fine tuning instrument, since it was introduced on April 26.

Posted in Economy @ 08 May 2005 00:01 CET by Jeroen · permalink · 0 reactions


'Indonesia might raise interest rates’ Pressure is growing on the Indonesian central bank to raise interest rates and defend a battered rupiah. Worried about stifling economic growth, the Indonesian central bank has so far relied on dollar-selling and verbal intervention to stem the rupiah’s decline, suggesting as recently as last week the currency could rally to 9,000 per dollar this year because of strong economic fundamentals.

Posted in Economy @ 27 April 2005 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia urged to downgrade OPEC status Indonesia should downgrade its membership in OPEC to "observer" status to reduce its financial commitment to the group, a government panel has recommended, but it was unclear whether the cartel would agree to the unprecedented move.

Posted in Politics @ 19 April 2005 00:02 CET by Jeroen · permalink · 0 reactions


Govt to reimburse Pertamina IDR4T oil subsidies The Indonesian government in the near future will reimburse PT Pertamina (PTM.YY) IDR4 trillion ($421 million) of fuel subsidies to help the state-owned oil and gas company overcome its cash flow problems, Mines and Energy Minister Purnomo Yusgiantoro said Monday. This is to cover subsidies for the January-to-March period, Purnomo told reporters.

Posted in Economy @ 11 April 2005 00:01 CET by Jeroen · permalink · 0 reactions


Ministery: Govt to hike fuel prices starting Tuesday Indonesia's government will implement long-planned fuel price increases starting Tuesday, including a 32% increase in the price of gasoline, Minister of Energy and Mines Purnomo Yusgiantoro told reporters late Monday. The price increases will result from a reduction in massive fuel subsidies that have crippled the government's ability to fund economic development and have prompted illegal imports of petroleum products, Purnomo told a special press briefing attended by top government ministers.

Posted in Economy @ 28 February 2005 00:02 CET by Jeroen · permalink · 0 reactions


Yudhoyono fears unrest on fuel price hike Indonesian President Susilo Bambang Yudhoyono on Friday said he hoped the government's controversial plan to hike fuel prices in the "near term" would not lead to social unrest. Yudhoyono did not give details about the plan, but the government told parliament this week it wanted to raise fuel prices by an average of 29 percent to cut subsidies weighing on the budget.

Posted in Economy @ 25 February 2005 00:01 CET by Jeroen · permalink · 0 reactions


PT KAI to import used electric train cars Indonesia's state-owned railway company PT Kereta Api Indonesia (KAI) has gone ahead with a plan to import second-hand electric train cars amid controversy over the wisdom of the decision. State-owned train industry PT Industry Kereta Api (Inka) has strongly criticized the plan, saying imports are not necessary as the cars could be produced locally.

Posted in General @ 06 October 2004 00:01 CET by Jeroen · permalink · 0 reactions


Report: Govt bans chicken imports from Malaysia over bird flu fears Indonesia has banned imports of chicken from Malaysia after the neighbouring country announced an outbreak of deadly bird flu, a report said Saturday. The agriculture ministry has issued a circular urging firms not to import chicken meat, chicks, eggs and chicken feathers from Malaysia, a government official was quoted as saying by the Koran Tempo daily.

Posted in Bird Flu @ 28 August 2004 00:03 CET by Jeroen · permalink · 0 reactions


Film censors pull teenage love story from cinemas An Indonesian film called "Kiss Me Quick'' will be withdrawn from cinemas after Muslim groups complained that its title could lead to adultery, the film's script writer and media reports said Friday. The film censorship board, which originally passed the teenage drama, will order cinemas across the world's most populous Muslim nation to stop showing the movie from Friday, Media Indonesia reported.

Posted in Oddly enough ... @ 21 August 2004 00:01 CET by Jeroen · permalink · 0 reactions


Megawati says 2005 deficit to narrow Indonesia's budget deficit will fall by almost a third, President Megawati Soekarnoputri said, as the fastest economic growth in nine years boosts revenue. The government's deficit next year will probably be 16.9 trillion rupiah ($1.83 billion), or 0.8 percent of gross domestic product, Megawati said in a speech to parliament to present the 2005 draft budget. That is 31 percent less than the 24.4 trillion rupiah projected for this year.

Posted in Economy @ 16 August 2004 00:02 CET by Jeroen · permalink · 0 reactions


Indonesia to build new port in Jakarta Indonesia will build a new port in Jakarta with an investment of US$500 million (Rp4.5 trillion) using Japanese technology. Jakarta Governor Sutiyoso said Jakarta's old port, Tanjung Priok, has not been expanded after 150 years in operation and is no longer efficient. The new port, called Jakarta New Port, will facilitate exports and imports via Jakarta, the governor said after inaugurating the start of construction on Monday.

Posted in General @ 27 July 2004 00:03 CET by Jeroen · permalink · 0 reactions


Nine crew missing off Indonesia after pirate attack Nine crew members of a ship were missing after pirates threw them overboard in Indonesian waters, just a few days before military patrols begin in the Strait of Malacca, one of the world's strategic shipping lanes, an ocean crime watchdog said on Wednesday. The International Maritime Bureau (IMB) said the attack occurred on a tug called the Global Semesta Satu in the Bangka Straits, south of the Strait of Malacca on Sunday.

Posted in Terrorism @ 15 July 2004 00:01 CET by Jeroen · permalink · 0 reactions


Pertamina cash flow critical, but fuel problems resolved State oil and gas firm PT Pertamina said the fuel supply problems that have been affecting some areas of the country were due to technical problems rather than low fuel stocks. The company gave assurances that national fuel stocks were sufficient and that the supply problems had been resolved. "There is no fuel shortage at present. The latest problem, which occurred two weeks ago and affected a few areas, is due to technical problems," Hanung Budya Yukyanta, the company's spokesman, told The Jakarta Post on Monday.

Posted in Economy @ 06 July 2004 00:03 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


BI may fail to arrest rupiah's slide The Indonesian rupiah is headed for its biggest six-month decline since the first half of 2001 as central bank efforts to halt the drop fail to sway investors. Bank Indonesia bought its own currency every month this year, threatened to curb currency trading among commercial banks and raised lenders' reserve requirements in an effort to stem the rupiah's 9 percent drop since Jan. 1. The rupiah fell to a 25- month low of 9,595 per dollar on June 2.

Posted in Economy @ 09 June 2004 00:01 CET by Jeroen · permalink · 0 reactions


If oil-crunched Indonesia goes nuclear As the only Asian member and current president of the Organisation of Petroleum Exporting Countries (Opec) oil cartel, Indonesia should be capitalising on the high prices for crude oil and laughing its way to the bank. South-east Asia's largest country, and by far its most populous, has the world's 16th largest proven oil reserves. However, output has declined in the past three years from an average of just over 1.2 million barrels per day to about 1.1 million now, below its Opec quota of 1.27 million. Official figures published in Jakarta last month show Indonesia became a net importer of crude oil for the first time in February and March.

Posted in Nuclear power @ 05 June 2004 00:01 CET by Jeroen · permalink · 0 reactions


Jakarta scraps steel import duties Indonesia has temporarily scrapped import duties on steel products for one year, the Finance Ministry said. The move, which takes effect on April 1, follows sharp increases in domestic steel prices since late last year due to a shortage of steel on the international market. "Imports of hot rolled coil, steel plates and cold rolled coil will have import duties abolished," the Finance Ministry said in a statement obtained on Friday.

Posted in Economy @ 26 March 2004 00:02 CET by Jeroen · permalink · 0 reactions


On behalf of The United States-Indonesia Society and the National Commission on United States-Indonesia Relations, I thank you for this opportunity to present my perspectives on some of the major trends and challenges shaping priorities for U.S. policy in Southeast Asia. I returned yesterday from two weeks in Indonesia and also look forward to sharing my views on developments in that important nation.

Posted in Corruption @ 22 March 2004 00:00 CET by Jeroen · permalink · 0 reactions


Taiwan suspends chicken imports from Indonesia The Council of Agriculture yesterday announced an immediate ban on the importation of poultry and birds from Indonesia in its effort to keep Taiwan free of the H5N1 avian flu virus that has ravaged the Asian poultry industry and claimed human life. The move follows a similar ban placed on Thai poultry on January 23 by the COA's Bureau of Animal and Plant Health Inspection and Quarantine.

Posted in Bird Flu @ 27 January 2004 00:02 CET by Jeroen · permalink · 0 reactions


Indonesia bans US cattle products import Indonesia has temporarily banned imports of U.S. cattle products except for dairy goods following the discovery of the deadly mad cow disease in the United States, an Agriculture Ministry official said on Friday. "Imports of U.S. cattle products such as beef, lamb, and buffalo meat are temporarily banned as well as meat-related products such as skin and bones," Bachtiar Moerad told Reuters.

Posted in General @ 26 December 2003 00:02 CET by Jeroen · permalink · 0 reactions


Fuel subsidies have long been a thorny problem for various Indonesian governments. Attempts to reduce the level of these subsidies by increasing domestic fuel prices have often been met by protests, forcing the price hike to be reversed. In January 2003, the government again tried to increase fuel prices, and was again forced to back down by public protests. In this article , Dr. Bachrawi Sanusi takes an indepth look at the issue:

Posted in General @ 15 July 2003 00:00 CET by Jeroen · permalink · 0 reactions


Bajaj Auto plans facility in Indonesia Bajaj Auto was planning to set up its first overseas two- and three-wheeler manufacturing plant in Indonesia, as part of strategies to grow its global business, a senior company official said. The Pune-based company is presently doing a feasibility study on the size and location of the plant in the Southeast Asian nation, the official said.

Posted in Economy @ 07 July 2003 00:03 CET by Jeroen · permalink · 0 reactions


Poland offers Indonesia military cooperation Poland on Thursday offered visiting Indonesian President Megawati Sukarnoputri extensive cooperation in the military field. "We are proposing a vast cooperation in the military and arms domain," President Aleksander Kwasniewski told a joint conference with Megawati at the outset of her 48-hour visit. "We discussed political, economic, trade, military and tourism cooperation," Megawati said.

Posted in Military @ 25 April 2003 00:02 CET by Jeroen · permalink · 0 reactions


Central bank cuts overnight interest rate Indonesia's central bank on Monday cut its intervention rate for rupiah deposited overnight by 25 basis points to 11.25 percent, the lowest in 27 months, citing slowing inflation.

Posted in Economy @ 08 April 2003 00:02 CET by Jeroen · permalink · 0 reactions


Plan to prevent oil shortage unveiled Indonesia's oil and gas company Pertamina will urge the government to request production-sharing contractors not to export crude oil in case of an oil shortage caused by the war in Iraq, The Jakarta Post reported Thursday. "The contractors should focus on meeting the Indonesian domestic oil demand, if the war breaks out and leads to an oil shortage," Pertamina's spokesman Ridwan Nyak Baik was quoted as saying.

Posted in General @ 21 March 2003 00:01 CET by Jeroen · permalink · 0 reactions
    
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