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Lower occupancy Bali hotels during holidays The head of the Denpasar chapter of the Indonesian Hotel and Restaurant Association (PHRI), I.B. Gede Sidharta Putra, told Radar Bali that there has been a “retreat” in hotel occupancy levels over the just concluded Christmas and New Years Holiday period.

Posted in Tourism @ 05 January 2013 09:01 CET by Blog Bot · permalink · 0 reactions


10.000 more hotel rooms add to oversupply for Bali Beritabali.com says the Bali Hotel Association (BHA) is predicting an increase of 10,000 new hotel rooms will come on line in Bali in 2011. The permits for these new hotels were issued before the provincial government of Bali introduced a moratorium on new hotel projects in the island’s southernmost regions.

Posted in Tourism @ 31 July 2011 13:00 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


OPEC, Indonesia fear oil price slide OPEC, which pumps 40 per cent of the world's oil, may meet earlier than planned if the "price of oil falls too fast", Indonesia's Energy and Mineral Resources Minister Purnomo Yusgiantoro said yesterday. OPEC's next meeting is scheduled for June 11 in Doha, Qatar. "There is an oversupply of 1.3 million barrels a day in the world," Mr Yusgiantoro said.

Posted in Economy @ 25 March 2003 00:02 CET by Jeroen · permalink · 0 reactions


Four local airlines to enter alliance amid competition Four airlines -- Mandala Airlines, Pelita Air Service, Bouraq Airlines, and Dirgantara Air Service -- will form an alliance next month to cope with mounting domestic competition, a senior airline executive said. Head of Mandala's development division Kus Winarko said on Wednesday that the alliance was the only way the airlines could provide new destinations without adding more planes.

Posted in General @ 23 August 2001 00:01 CET by Jeroen · permalink · 0 reactions


RI to retain 40,000 tons of coffee to prop up prices Indonesia plans to retain up to 40,000 tons of coffee until August this year as part of its commitment to prop up falling coffee prices in the world, Minister of Agriculture Bungaran Saragih said on Monday. The minister said that the decision to join the coffee retention program initiated by the Association of Coffee Producing Countries (ACPC) last year was taken in October, 2000.

Posted in Economy @ 23 January 2001 00:01 CET by Jeroen · permalink · 0 reactions
    
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