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Indonesian inflation in 2014 down slightly to 8.36% Indonesia succeeded in controlling its inflation down to 8.36 percent in 2014 despite recent cut in subsidies on energy.

Posted in Economy @ 02 January 2015 11:36 CET by Blog Bot · permalink · 0 reactions


Indonesia requires additional 100 thousand MW electricity Trade Minister Muhammad Lutfi stated that Indonesia still needed additional 100 thousand MW electricity to support industrial development at home.

Posted in Power supply @ 04 September 2014 19:57 CET by Blog Bot · permalink · 0 reactions


Next govt must have guts to raise subsidized fuel prices The future government should have the determination to increase the price of subsidized fuels to prevent fuel subsidy in the state budget (APBN) from soaring, an energy observer reported.

Posted in Economy @ 25 August 2014 19:41 CET by Blog Bot · permalink · 0 reactions


Indonesia allocates Rp433.5 trillion for subsidies The government has set aside Rp433.5 trillion in the draft 2015 state budget for subsidy expenditures, stated President Susilo Bambang Yudhoyono.

Posted in General @ 16 August 2014 00:21 CET by Blog Bot · permalink · 0 reactions


President calls on people to save on fuels 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.

Posted in Economy @ 16 May 2013 08:09 CET by Blog Bot · 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


Jakarta finally goes ahead with MRT plan After weeks of uncertainty, the Jakarta administration has revealed it will move forward with the plan to construct the city’s first Mass Rapid Transit (MRT) line next year.

Posted in Economy @ 22 December 2012 01:27 CET by Jeroen · permalink · 0 reactions


Bali welcomes Subak as a world cultural heritage The government and the people of Bali, especially the farmers, have welcomed the decision of the United Nations (PBB) to recognise subak, the Balinese traditional irrigation system in Dewata Island, as a World Cultural Heritage (WBD).

Posted in Culture @ 22 May 2012 08:42 CET by Blog Bot · permalink · 0 reactions


Power plant on Java to stop using fuel oil The government aims to stop using fuel oil for electricity power plants situated in Java island by June 2012. "In the middle of this year, there would be no more plants using fuel oil in Java," said Jarman, Director General of Electricity Ministry of Energy and Mineral Resources, here on Friday.

Posted in Power supply @ 20 April 2012 16:30 CET by Blog Bot · permalink · 0 reactions


Indonesia to soon develop renewable energy Indonesia will soon develop renewable energy to replace the country`s diminishing oil reserves, according to Deputy Energy and Mineral Resources Ministry, Kardaya Warnika.

Posted in Economy @ 08 April 2012 04:13 CET by Blog Bot · permalink · 0 reactions


President urges massive savings effort in all sectors President Susilo Bambang Yudhoyono has instructed all departments in the government to begin a massive savings campaign in all sectors to avoid creating a deficit in the State Budget (APBN), Coordinating Minister for the Economy Hatta Radjasa said on Tuesday.

Posted in Economy @ 03 April 2012 15:11 CET by Blog Bot · permalink · 0 reactions


Kalla: 'Fuel subsidies only enjoyed by the rich' Former vice president Jusuf Kalla said fuel oil subsidies were so far being enjoyed only by a handful of people from the upper economic strata.

Posted in Politics @ 30 March 2012 06:36 CET by Blog Bot · permalink · 0 reactions


Legislator: 'Govt to provide subsidy for farmers' 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.

Posted in Economy @ 19 March 2012 10:31 CET by Blog Bot · permalink · 0 reactions


Indonesia to discuss fuel subsidy reduction ideas 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.

Posted in Economy @ 24 February 2012 03:12 CET by Blog Bot · permalink · 0 reactions


Doubts over announced fuel subsidy cut Tempo Interactive reports that the State-Owned Oil company Pertamina have publicly admitted that are not prepared to implement the government policy to sell non-subsidized Pertamax fuel to the public on April 1, 2012.

Posted in Economy @ 22 January 2012 08:26 CET by Jeroen · permalink · 0 reactions


Indonesia to limit subsidized gasoline consumption The government is ready to limit the use of subsidized gasoline in accordance with Law No. 22 of 2011 on the 2012 state budget, an official said. "We don`t want to violate the law," Director General of Oil and Gas at the Energy and Mineral Resources Ministry Evita Legowo said here on Tuesday.

Posted in Economy @ 22 December 2011 02:25 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


Hundreds of drivers stuck in 12km traffic jam to seaport Hundreds of frustrated truck drivers have been stranded for several days on the road to the Indonesian port city of Merak, the Jakarta Globe reported Sunday.

Posted in General @ 27 February 2011 21:30 CET by Blog Bot · permalink · 0 reactions


PLN wants to raise price of power by 30% 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.

Posted in Economy @ 10 September 2009 08:02 CET by Jeroen · permalink · 0 reactions


Get ready for higher power rates The state-owned PLN is in desperate need of more funds to cover operating deficits and undertake a much needed expansion of the Indonesian power grid. The House of Representatives has recently increased the subsidies paid by the government to PLN, while PLN president director, Fahmi Mochtar, has declared his desire to raise power tariffs - both moves intended to put the Company in a better position for what has been termed a "fast track" energy program.

Posted in Economy @ 01 September 2009 01:29 CET by Jeroen · permalink · 0 reactions


Java and Bali brace for higher electricity rates Electricity rates for customers on the Indonesian islands of Java and Bali are likely to be higher than elsewhere in the Republic if current plans to introduce regional electrical tariffs are enacted by the government.

Posted in Economy @ 23 June 2009 10:36 CET by Jeroen · permalink · 0 reactions


Indonesia cuts oil prices for third time in a few months Indonesian President Susilo Bambang Yudhoyono announced subsidized-oil prices cuts to boost purchasing power. The move is Indonesia's latest effort to cushion the deepening fallout of the global recession, following the fall of global oil price up to over 40 U.S. dollars per barrel after reaching record of 147 U.S. dollars a barrel in July.

Posted in Economy @ 13 January 2009 02:36 CET by Jeroen · permalink · 0 reactions


Yudhoyono: 'Fuel prices will be lowered again early next year' President Susilo Bambang Yudhoyono has announced that fuel prices in Indonesia will be lowered once again in 2009. This can be done because the global prices for crude oil keep falling as well. He announced this at a speech during harvesting activities and the inauguration of an irrigation system in the district of Dharmasraya in western Sumatra.

Posted in Economy @ 14 December 2008 02:06 CET by Jeroen · permalink · 0 reactions


Indonesia fuel subsidies may rise to 14.1 bn euro 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.

Posted in Economy @ 04 July 2008 07:59 CET by Jeroen · permalink · 0 reactions


President Yudhoyono's popularity drops on fuel price hike 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.

Posted in Politics @ 29 June 2008 14:26 CET by Jeroen · permalink · 0 reactions


More fuel price hikes can not be ruled out 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.

Posted in General @ 03 June 2008 04:09 CET by Jeroen · permalink · 0 reactions


Need for fuel does not decline with higher prices 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.

Posted in General @ 31 May 2008 00:00 CET by Jeroen · permalink · 5 reactions


Report: 'Indonesia to export oil in five years' 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.

Posted in General @ 30 May 2008 04:03 CET by Jeroen · permalink · 0 reactions


Confirmation of fuel price hikes to be released tomorrow 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.

Posted in Economy @ 22 May 2008 08:15 CET by Jeroen · permalink · 0 reactions


More protests in Indonesia in anticipation of fuel price hike 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.

Posted in Protests @ 12 May 2008 08:56 CET by Jeroen · permalink · 0 reactions


Long rows at gas stations ahead of expected price hike Queues are emerging ahead of the announcement from the government to increase fuel prices. In many parts of the country people are looking for a way to buy the now still cheap fuels in larger quantities than normal. In cities like Palangkaraya, Banjarmasin (Kalimantan), Jambi and across the island of Java people are queuing up. Some gas stations have even limited the amount sold to one customer.

Posted in General @ 11 May 2008 07:09 CET by Jeroen · permalink · 0 reactions


Indonesia fuel prices may be raised to ease subsidy bill The Indonesian government might consider raise prices of subsidized fuels in the country to prevent the growing subsidy bill from getting even larger with oil prices on the global market reaching records every week. Indonesia - a diesel and gasoline importer - provides hefty subsidies for fuel that is used by consumers, but with oil prices far above the 95 US dollar per barrel this becomes increasingly expensive.

Posted in General @ 21 April 2008 09:05 CET by Jeroen · permalink · 0 reactions


Rising food prices raise security concerns in Indonesia The soaring cost of rice and other basic food in Asia has raised security concerns across many Asian countries. In Indonesia, the high cost of staple foods is hurting the poor and raising fears of social unrest.

Posted in Economy @ 20 March 2008 05:59 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


Indonesia not to raise fuel prices in 2008 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.

Posted in Economy @ 19 August 2007 14:47 CET by Jeroen · permalink · 0 reactions


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, Malaysia push a biofuels cartel With the world increasingly hungry for alternatives to crude oil, two Southeast Asian nations plan a way to control prices. Just at the time the administration of US President George W Bush is being urged by a group of leading US business executives and senior military officers to act decisively to break America’s dependence on oil and the EU is seeking alternative energy sources, Malaysia and Indonesia are seeking to create a an Opec-style cartel on one of the alternatives – palm oil, used for biofuels.

Posted in General @ 15 December 2006 03:42 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


Need for speed in Indonesia Two years into his five-year term, Indonesian President Susilo Bambang Yudhoyono presents himself as a sincere, hard-working reformer, a long-distance runner pacing himself on a marathon run. But many Indonesians think the country needs a sprinter.

Posted in Politics @ 20 September 2006 14:47 CET by Jeroen · permalink · 0 reactions


Indonesia behind the learning curve Indonesia is arguably Asia's least well-educated country, and the government is largely to blame. With 30% of its 242 million population school-aged, the world's largest Muslim country ranks lowest among its Asian neighbors in terms of public education expenditure.

Posted in Economy @ 03 September 2006 10:22 CET by Jeroen · permalink · 0 reactions


Indonesia leader upbeat on economy, vows to aid poor Indonesia's president pledged on Wednesday to use an anticipated pick-up in Southeast Asia's biggest economy to tackle poverty, and also to stick with a fight against corruption and encourage foreign investment. In an annual address to parliament ahead of Indonesia's Aug. 17 independence day, President Susilo Bambang Yudhoyono focused on the economy,but also hailed a peace deal in Aceh and repeated a willingness to commit troops to a U.N. force in Lebanon.

Posted in General @ 16 August 2006 07:54 CET by Jeroen · permalink · 0 reactions


Indonesia allots 6M hectares for biofuel Indonesia has earmarked 6 million hectares for development of its biofuel industry, part of plans to reduce its dependence on crude oil and susceptibility to price fluctuations, its energy minister said Friday. "Our target to develop our biofuel industry is by 2009-2010," said Energy Minister Purnomo Yusgiantoro. "And we have plans for 6 million hectares (14.8 million acres) of development, worth about US$20 billion (euro15.6 billion)."

Posted in Economy @ 05 August 2006 05:07 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


Kalla says no hike in power rates this year Vice President Jusuf Kalla confirmed Friday the government would drop a planned increase in electricity rates this year amid widespread opposition. Kalla said the government would likely provide around half of the extra subsidies needed by state electricity company PT PLN to cover rising fuel costs without having to increase rates, while the other half would have to be shouldered by PLN chiefly through efficiency measures.

Posted in Power supply @ 18 March 2006 07:33 CET by Jeroen · permalink · 0 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


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


Bank Indonesia increases key rate to curb inflation Indonesia's central bank raised its benchmark interest rate for the sixth time in four months to restrain inflation after government fuel-price increases. Bank Indonesia today raised the rate used as a reference for bill sales by half a percentage point to 12.75 percent. That's less than the 13.25 percent median forecast of 10 economists in a Bloomberg survey. The bank said inflation in Southeast Asia's largest economy may ease to 18 percent in December from a year earlier from a six-year high of 18.4 percent in November.

Posted in Economy @ 07 December 2005 07:06 CET by Jeroen · permalink · 0 reactions


Indonesia likely to change economic team President Susilo Bambang Yudhoyono's plan for a long-awaited Cabinet reshuffle has fueled expectations of changes in his government's economic team. It is likely that "one or two" ministers will be out of their current jobs after a long-promised evaluation of their performance, Yudhoyono said Wednesday, without elaborating.

Posted in Politics @ 13 November 2005 10:26 CET by Jeroen · permalink · 0 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


Fights, frustration mar fuel cash handouts It was billed as a way to cushion the blow for Indonesia's poorest of the poor. But efforts to compensate 15.5 million families with cash to offset steep hikes in fuel prices have instead triggered violence. Angry mobs have trashed homes of local officials. Old people have died standing in queues and a woman committed suicide after hearing she was not poor enough to qualify.

Posted in General @ 26 October 2005 09:49 CET by Jeroen · permalink · 1 reaction


Bank Indonesia raises inflation forecast to 14% Bank Indonesia, the nation's central bank, raised its inflation forecast for this year to 14 percent from 12 percent after the government's more-than-expected fuel price increase, Governor Burhanuddin Abdullah said. The central bank expects October's inflation to accelerate 5.1 percent from the previous month, Abdullah said in a speech in Jakarta today.

Posted in Economy @ 24 October 2005 18:43 CET by Jeroen · permalink · 0 reactions


Minister: Rp 4t needed to repair irrigation system The Ministry of Agriculture will propose an additional budget of Rp 4 trillion (US$396 million) to repair the country's irrigation system, minister Anton Apriyantono said on Sunday. "The fund is needed to maintain the country's tertiary irrigation systems which are in poor condition," he said.

Posted in Environment @ 23 October 2005 17:47 CET by Jeroen · permalink · 0 reactions


Indonesia fuel-price hikes spark strikes Indonesia more than doubled the average cost of fuel on Saturday to try to stave off an economic crisis despite protests by thousands of people, some of whom burned tires and threw rocks at police. Security forces responded to Friday's demonstrations by firing tear gas at more than 100 rioting students, then chasing them down and hitting some with sticks. Transportation strikes in at least seven cities left thousands stranded, media reports said.

Posted in Protests @ 01 October 2005 08:38 CET by Jeroen · permalink · 6 reactions


Indonesia shocks with fuel price moves Indonesia's government on Friday night raised key fuel prices by a higher-than-expected average of 126 per cent and announced a plan to bring prices in line with the global market in moves likely to test the patience of its people for tough reforms.

Posted in General @ 30 September 2005 20:59 CET by Jeroen · permalink · 6 reactions


Police fires tear gas at Jakarta students Indonesian police fired tear gas at up to 200 students outside a Jakarta university who were throwing rocks and blocking traffic on Friday in a last-ditch protest at impending fuel price hikes, local radio said.

Posted in Protests @ 30 September 2005 13:25 CET by Jeroen · permalink · 3 reactions


Short news around fuel price hikes Thousands of students, workers, activists and farmers took to the streets across the country on Thursday to protest the plan to raise fuel prices by up to 80 percent, while motorists queued up at gas stations before the new prices take effect.

Posted in General @ 30 September 2005 09:31 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


Yudhoyono likely to survive fuel price rise protest Indonesia's looming fuel price increases Saturday will power protests that will bruise, but not cripple, the government of President Susilo Bambang Yudhoyono, analysts say. A government compensation plan and timing of the fuel price increase for the eve of the Muslim fasting month of Ramadan will help defuse public anger over the cut in price subsidies that have given Indonesians some of the cheapest fuel in the world for decades.

Posted in Politics @ 26 September 2005 15:25 CET by Jeroen · permalink · 3 reactions


Over 2,000 protest planned fuel price rise More than two thousand people have taken to the streets of the Indonesian capital Jakarta to protest over the government's plan to raise fuel prices. More than 2,000 members of the hardline Islamic Hizbut Tahrir movement gathered in central Jakarta. Speakers said the government could take other steps to pay for the subsidies without raising oil prices which would make the poor suffer more.

Posted in Protests @ 26 September 2005 07:05 CET by Jeroen · permalink · 8 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


Govt prepares for protests over planned fuel price hikes Indonesia is preparing for protests over government plans to cut subsidies that keep the price of gasoline products affordable for the country's millions of poor people, the security minister said Wednesday. The country plans to hike prices by as much as 50 per cent as early as next month to ease the strain of soaring global crude oil costs on its budget.

Posted in Protests @ 21 September 2005 17:40 CET by Jeroen · permalink · 3 reactions


Indonesia may raise fuel prices by 50% in October Indonesia's government may raise fuel prices by at least 50 percent in October to avoid missing the budget deficit target as surging global prices boost the cost of subsidies, Planning Minister Sri Mulyani Indrawati said.

Posted in Economy @ 14 September 2005 07:14 CET by Jeroen · permalink · 3 reactions


Indonesia to pay fuel subsidies to poorest Indonesia is to pay the equivalent of $10 a month to about 15.5m impoverished households for three months in an effort to soften the political impact of a fuel price rise expected in early October. The move, which officials said might become the foundation of a social security system in the world’s fourth largest nation, is thought to be unprecedented for Indonesia.

Posted in Economy @ 13 September 2005 10:13 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


India and Indonesia react to oil price rises India on Tuesday made a long-awaited move to increase retail prices of diesel and petrol. Indonesian officials also indicated they were considering bringing their own price rise forward to as early as October 1, following disappointment in financial markets over a vague plan unveiled last week.

Posted in Economy @ 07 September 2005 07:14 CET by Jeroen · permalink · 0 reactions


Bank Indonesia raises benchmark rate to 10.00% Indonesia's central bank raised its benchmark rate 50 basis points to 10.00% Tuesday, Bank Indonesia Governor Burhanuddin Abdullah told reporters at a media briefing. "The increase in the Bank Indonesia rate is in response to the central bank's policy to consistently guide inflationary expectations," Burhanuddin said.

Posted in Economy @ 06 September 2005 19:54 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


Indonesia full year fuel subsidy seen at Rp. 138.6 trln Legislators and government officials agreed to raise fuel subsidy spending under Indonesia's 2005 state budget for a second time to 138.6 trln rupiah from 76.5 trln after raising the oil price assumption to 54 usd a barrel from 45 usd previously, legislator Amin Said Husni said. The exchange rate assumption has also been raised to 9,800 rupiah to the dollar from 9,500 previously, said Husni, who chairs a working committee at the House of Representative's Budget Commission.

Posted in Economy @ 31 August 2005 18:20 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


Rupiah set for biggest drop in 4 years on oil surge Indonesia's rupiah fell, poised for the biggest weekly decline in more than four years, as record crude oil prices threatened the nation's budget-cutting plans and eroded confidence in the government.

Posted in Economy @ 26 August 2005 18:29 CET by Jeroen · permalink · 0 reactions


Diesel prices set to rise once more in Indonesia JAKARTA Pertamina, a state-owned oil company, said Monday that it planned to raise the price of diesel sold in Indonesia to mining, oil, cement and export companies next month for the fourth time in half a year after crude oil costs surged. The company will set the prices based on the average crude oil price in August, Achmad Faisal, head of the fuel division, told reporters.

Posted in Economy @ 16 August 2005 07:17 CET by Jeroen · permalink · 0 reactions


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


No fuel? Don't panic, says SBY As the gasoline shortage worsened across the country on Wednesday, President Susilo Bambang Yudhoyono told people not to panic, saying the government was gradually increasing the country's supplies, which would be back to normal soon. Susilo said the government was also drafting regulations on energy saving and plans for alternative power generation.

Posted in General @ 07 July 2005 08:22 CET by Jeroen · permalink · 1 reaction


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


Indonesia at odds over fuel price INDONESIA'S parliament today placed itself on a collision course with the country's president, urging him to review a controversial fuel price hike that has sparked nationwide protests.

Posted in Economy @ 21 March 2005 00:01 CET by Jeroen · permalink · 0 reactions


Protests fall flat after Indonesia hikes fuel prices A fuel hike that will hit Indonesia's poor hard came into effect Tuesday, but the expected large-scale demonstrations failed to materialize as the government promised to beef-up anti-poverty assistance programs. The government announced late Monday it was cutting fuel subsidies, amounting to an average 29 percent increase in prices from gasoline to diesel oil. Fuel prices have been a sensitive topic since riots over a price hike in 1998 hastened the collapse of former President Suharto's dictatorship.

Posted in Protests @ 01 March 2005 00:02 CET by Jeroen · permalink · 0 reactions


Protests over Indonesia fuel rise Hundreds of Indonesian students have held rallies around the country to protest against rising fuel prices. The increases, of up to 30%, were announced by officials on Monday. The government said it was forced to act after spending more than $6bn in fuel subsidies last year, because of soaring world oil prices. The price of fuel is a sensitive political issue in Indonesia. Fuel protests even contributed to the downfall of former President Suharto.

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


Fuelling reforms in Indonesia It is the single most unpopular decision any Indonesian president could make, with the potential to trigger immediate political unrest. But the move by President Susilo Bambang Yudhoyono to cut costly fuel subsidies and so push fuel prices up by 30 per cent in a poor nation is also the single most important decision for the recovery of the ailing Indonesian economy. And with half the Indonesian population scraping by on less than $2.50 a day, economic growth - and spending on basic services such as health, education and infrastructure - is the key to social and political stability on Australia's northern doorstep. The former president, Megawati Soekarnoputri, long understood this link, but lacked the political courage to take on the protesters. Yesterday, however, fuel prices did finally rise, despite the unhappy mobs and panic buying at the petrol bowsers.

Posted in Politics @ 01 March 2005 00:00 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


The government says it will gradually liberalize the domestic fuel market over the next five years, with the aim of completely eliminating costly fuel subsidies by 2010. "In the year 2010, fuel prices will be determined by the mechanism of healthy and appropriate competition, and the government will only give special help to replace subsidies for certain fuels," Energy and Mineral Resources Minister Purnomo Yusgiantoro was quoted as saying Monday (29/11/04) by detikcom online news portal.

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


Ex-general takes over in Indonesia A former general with a doctorate in economics takes power in Indonesia today, facing the challenge of translating a landslide election victory into action on economic growth and against Islamic militancy. For Susilo Bambang Yudhoyono, 55, big tests will come early as he appoints his cabinet and seeks to work with a parliament riddled with members of old elites vowing a rough ride for the country's first directly elected president.

Posted in Elections @ 19 October 2004 00:03 CET by Jeroen · permalink · 0 reactions


Presidential candidate SBY gets PhD in agriculture Indonesia's presidential candidate Susilo Bambang Yudhoyono obtained a doctorate in agricultural sciences, a newspaper report said on Sunday. Susilo, a retired lieutenant general, successfully defended his paper on the development of rural areas and analysis of fiscal policies at the Bogor Institute of Agriculture on Saturday. His 160-minute thesis presentation, capping three years of studies, was deemed "excellent", the Kompas daily said.

Posted in General @ 03 October 2004 00:01 CET by Jeroen · permalink · 0 reactions


Minister: RI plans to cut fuel subsidies Indonesia plans to eradicate spending on fuel subsidies next year, except for products widely used by the poor, to ease pressure on the state budget, Energy Minister Purnomo Yusgiantoro said Tuesday. "Our expectation is that we must eliminate subsidies on bunker oil, premium gasoline and industrial diesel," he told reporters.

Posted in General @ 21 September 2004 00:04 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


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


Soaring oil prices have again been creating headlines in the economic sections of most newspapers. After climbing about 40 percent last year, oil prices have continued to gyrate widely over the past two weeks.

Posted in Economy @ 24 May 2004 00:00 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


Indonesia to lift telephone charges After a delay of about 10 months, the Indonesian government said it would raise telephone rates by an average 15 percent before the year end, The Jakarta Post reported Thursday. The Ministry of Communications' post and telecommunications Director-General Djamhari Sirat said Wednesday a similar hike, thethird 15 percent increase, would also be implemented next year.

Posted in General @ 06 November 2003 00:05 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


S&P raises Indonesia's rating, boosts sentiment Foreign investor sentiment toward Indonesia got a further boost Monday from a decision by Standard & Poor's to upgrade the country's credit rating by one notch. Although widely expected, the move nevertheless represents a vote of confidence in the government's bid to cut its public debt, and comes at a time when the country is looking to end its reliance on the International Monetary Fund and to tap the international debt market for the first time since the 1997-98 Asian crisis.

Posted in Economy @ 12 May 2003 00:03 CET by Jeroen · permalink · 0 reactions


Bumpy road ahead to polls next year Brace yourselves - the next 18 months are going to be tense and turbulent as Indonesia heads down a bumpy road to the 2004 polls. Talk to political insiders and you will hear riveting accounts of how close some quarters of the Indonesian military came to seizing power two weeks ago, in the face of popular opposition to the Megawati government's slashing of some subsidies. The word 'coup' trips lightly off many lips.

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


Fuel en electricity prices down again Indonesia's government cut selected fuel and electricity prices after recent hikes sparked popular protests last week, but tried to appease its international creditors by saying the move won't have any effect on the 2003 budget. Indonesia pushed fuel and electricity prices higher this month as part of a policy to slash the budget deficit under an International Monetary Fund approved reform program.

Posted in Protests @ 20 January 2003 00:02 CET by Jeroen · permalink · 0 reactions


Rise in phone rates turned back The Indonesian government rolled back a sharp increase in telephone calling rates today after tens of thousands of workers and students across the country joined in protests against the increase, which took effect Jan. 1. "The minister of telecommunications has agreed that there would not be any increase in telephone rates in 2003," said the speaker of the lower house of Indonesia's Parliament, Akbar Tandjung, who met with government ministers and other lawmakers late Wednesday night.

Posted in Protests @ 16 January 2003 00:03 CET by Jeroen · permalink · 0 reactions


Students seize petrol trucks at rally Indonesian students seized five petrol trucks in the capital on Wednesday as thousands of protesters rallied in at least 10 cities across the country demanding a rollback of recent utility price hikes. Around 2,000 students gathered outside the presidential palace in Jakarta calling for President Megawati Sukarnoputri to stand down, some burning tyres and mock coffins and shouting "Democracy is Dead".

Posted in Protests @ 16 January 2003 00:01 CET by Jeroen · permalink · 0 reactions


Price protests echo Suharto stepdown Indonesian protest leaders have warned the Government to roll back sharp price rises for fuel and power or face even larger demonstrations and more radical action, including a blockade of a major port. Protesters have hit city streets across Indonesia throughout the week. Violent protests over prices in 1998 helped topple strongman Suharto, who stepped down as president with his nation in chaos at the height of the Asian financial crisis.

Posted in Protests @ 10 January 2003 00:01 CET by Jeroen · permalink · 0 reactions


Fuel protests grow Indonesians have held a third day of protests around the country against rises in fuel and utility charges, as students, labour and political groups called for bigger protests on Thursday. Hundreds of students in Palu, Central Sulawesi province, burnt portraits of President Megawati Sukarnoputri and Vice President Hamzah Haz, the Detikcom online news service reported.

Posted in Protests @ 09 January 2003 00:01 CET by Jeroen · permalink · 0 reactions


Protests and transport disruption over price hikes Hundreds of Indonesians took to the streets here Monday to protest the government's decision to raise electricity and telephone rates and fuel prices, while elsewhere in the country higher fuel costs were likely to cause transport disruptions. More than 150 students from the Committee Against Price Rises and from the militant Democratic People's Party picketed the Merdeka Palace to protest the hikes.

Posted in Protests @ 07 January 2003 00:02 CET by Jeroen · permalink · 0 reactions


Inflation rate 10.03 % in December Indonesia's annual inflation rate in December reached 10.03 percent, slightly above the government's nine percent target, Central Bureau of Statistics (BPS) chief Sudarti Surbakti said here, Antara news agency reported. The annual inflation rate for 2001 was 12.6 percent. Last month's consumer price index rose 1.2 percent from November due to higher food prices, Sudarti said.

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