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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


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

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


Indonesia sets basic fuel prices Effective January 1, 2015, the basic prices of all fuel oils (BBM) will be determined by the government, including that of non-subsidized RON 92 Pertamax gasoline, an energy ministry official stated here on Friday.

Posted in Economy @ 02 January 2015 18:44 CET by Blog Bot · permalink · 0 reactions


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


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


Government announces fuel price hike Indonesian President Joko Widodo (Jokowi) has announced the increase of subsidized fuel oil prices that will take effective at 00:00 am or early Tuesday (Nov 18, 2014).

Posted in Economy @ 18 November 2014 01:05 CET by Blog Bot · permalink · 0 reactions


Indonesian minister to crack down upon illegal fishing Marine Affairs and Fisheries Minister Susi Pudjiastuti has vowed to step up efforts to curb illegal fishing in Indonesian waters, which has caused losses worth trillions of rupiah to the state and disadvantaged traditional fishermen.

Posted in Economy @ 03 November 2014 16:07 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


'Indonesia should scrap fuel subsidy' A number of business associations have called on the government to entirely scrap the fuel subsidy, instead of limiting consumption of subsidized fuel types in certain areas, in a bid to avoid a swell in state spending.

Posted in Economy @ 07 August 2014 09:03 CET by Jeroen · permalink · 0 reactions


State Enterprises Ministry urged to assess PLN`s performance The State Enterprises Ministry must evaluate the performance of state electricity company, PT Perusahaan Listrik Negara (PLN), following power cuts in several parts of Jakarta on Monday, noted a lawmaker.

Posted in Power supply @ 13 May 2014 23:31 CET by Blog Bot · permalink · 0 reactions


Jakarta governor to renegotiate monorail contract The regional government of Jakarta is renegotiating the contract of the Jakarta monorail project with PT Jakarta Monorail (JM). Jakarta Governor Joko Widodo stated that the renegotiation with PT JM laid emphasis on issues related to passengers and advertisements.

Posted in Infrastructure @ 26 February 2014 23:09 CET by Blog Bot · permalink · 0 reactions


Former regent of Karanganyar charged with corruption The Central Java high prosecution office has summoned former regent of Karanganyar Rina Iriani, who was charged with corruption. Rina, who had just ended her term of office, is charged with involvement in a corruption of a Rp18.4 billion housing subsidy.

Posted in Corruption @ 17 December 2013 10:42 CET by Blog Bot · permalink · 0 reactions


Indoensia's inflation may reach 9 percent Indonesia's inflation may jump to 9 percent this year under the impact of the recent rise in the prices of subsidized fuel oils, World Bank economist Ndiame Diop has predicted. "The higher fuel prices will first have a greater impact on the inflation rate by increasing average annual inflation rate in 2013," he said here on Tuesday.

Posted in Economy @ 02 July 2013 17:08 CET by Blog Bot · permalink · 0 reactions


VP instructs ministers to maintain food price stability Vice President Boediono has instructed relevant ministers and officials to maintain food price stability in the face of subsidized fuel price hikes and the fasting month of Ramadhan.

Posted in Politics @ 18 June 2013 23:30 CET by Blog Bot · permalink · 0 reactions


House plenary enacts bill on revised budget into law The House of Representatives finally enacted the Bill on the 2013 Revised State Budget into law through a voting mechanism in its plenary session here on Monday night.

Posted in Politics @ 18 June 2013 01:55 CET by Blog Bot · permalink · 0 reactions


Minister: 'Fuel subsidy should go to poor people' Increase in subsidized fuel prices should be accompanied with a step to provide subsidy for poor people who need it, Manpower and Transmigration Minister Muhaimin Iskandar said.

Posted in Politics @ 17 June 2013 15:06 CET by Blog Bot · permalink · 0 reactions


Yudhoyono: 'Set aside political interests over fuel subsidy' President Susilo Bambang Yudhoyono appealed to political elites in the country here on Wednesday to set aside their political interests with regard to fuel price. He said there was a bigger national interest behind the government`s plan to raise the subsidized oil prices and give compensation to the poor.

Posted in Politics @ 13 June 2013 00:33 CET by Blog Bot · permalink · 0 reactions


President leads coalition meeting over draft of state budget President Susilo Bambang Yudhoyono chaired a closed-door meeting with leaders of government coalition parties on Tuesday night to discuss recent economic developments as part of efforts to save the draft revision of the 2013 state budget.

Posted in Politics @ 12 June 2013 11:40 CET by Blog Bot · permalink · 0 reactions


Govt urges DPR to accelerate discussion on budget revision The government has urged the House of Representatives (DPR) to accelerate the discussion of the draft revision of the 2013 state budget so that fuel price hike could be immediately implemented.

Posted in Politics @ 29 May 2013 00:13 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


Hajj pilgrimage cost for 2013 down $90 The government and the House of Representatives (DPR) have agreed to a decline in hajj pilgrimage cost (BPIH) by an average of US$90 for this year.

Posted in Religion @ 02 April 2013 16:12 CET by Blog Bot · permalink · 0 reactions


Govt denies having no guts to raise subsidized fuel prices Coordinating Minister for Economic Affairs Hatta Rajasa has denied a media report that the government does not have the guts to raise the prices of subsidized fuels. "I don`t like somebody saying the government does not have the courage to raise the fuel prices. As a matter of fact, we have raised them repeatedly," he said.

Posted in General @ 28 January 2013 21:33 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


Minister: 'MRT constrained by subsidy schemes' Coordinating Minister for Economic Affairs Hatta Rajasa has stated that the construction of Mass Rapid Transport (MRT) is still constrained by the subsidy schemes that hamper the development plans of Jakarta provincial administration.

Posted in General @ 19 December 2012 14:24 CET by Blog Bot · permalink · 0 reactions


Indonesian budget deficit predicted to widen Finance Minister Agus Martowardojo said the country's budget deficit is expected to widen to more than the previously set target of 2.23 percent as a result of growing energy subsidy.

Posted in Economy @ 03 December 2012 18:29 CET by Blog Bot · permalink · 0 reactions


Govt: 'Luxurious car owners to use non-subsidized fuel' The Indonesian government has urged owners of luxurious cars to use non-subsidized fuel oils as their quotas are predicted to be used up by December 24. "Have an empathy with those deserving the subsidy," Deputy Minister of Energy Rudi Rubiandini said here on Wednesday.

Posted in General @ 28 November 2012 17:01 CET by Blog Bot · permalink · 0 reactions


Hatta says restrictions not to begin on May 1 Chief Economic Minister Hatta Rajasa said that the government would not implement its restrictions on the use of subsidized gasoline as of May 1, as preparations for the implementation are still underway.

Posted in General @ 24 April 2012 13:56 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


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

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


MP asks 'fuel price' protesters not to vandalize public property An Indonesian Democratic Party of Struggle (PDIP) lawmaker has asked the people not to vandalize public property while holding rallies against the government`s plan to raise fuel prices.

Posted in Politics @ 24 March 2012 05:18 CET by Blog Bot · permalink · 0 reactions


Organda demands conversion kit safety guarantee The Organization of Land Transportation Operators (Organda) has asked for the safety guarantee of converter kits to be used in public transport.

Posted in Economy @ 23 March 2012 08:21 CET by Blog Bot · permalink · 0 reactions


President urges demonstrators to remain lawful President Susilo Bambang Yudhoyono called on all elements who wish to conduct demonstrations against the government`s fuel policy to remain lawful and avoid hurting others.

Posted in Politics @ 22 March 2012 14:56 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


Govt to postpone power rate increase The government has decided to postpone its plan to raise the basic electricity tariff by three percent per quarter beginning May 1, a minister said.

Posted in Economy @ 15 March 2012 02:41 CET by Blog Bot · permalink · 0 reactions


Indonesia mulling to raise base electricity tariff in May The government is mulling to raise base electricity tariff (TDL) by 10 percent in stages as of May 2012. Energy and Mineral Resources Minister Jero Wacik said here on Tuesday the base electricity tariff and the price of subsidized fuel oils will not be raised simultaneously.

Posted in Economy @ 08 March 2012 01:52 CET by Blog Bot · permalink · 0 reactions


Minister: Ideal fuel price hike 1000 to 1500 rupiah' Vice minister of energy Widjajono Partowidagdo has suggested what he believes are ideal figures for the hike in the price of subsidized gasoline on Monday. "Ideally, the rise should be between Rp1,000 and Rp1,500," he said.

Posted in Economy @ 27 February 2012 09:46 CET by Blog Bot · permalink · 0 reactions


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

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


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


Petrol price to be cut by six percent next month The Indonesian government says it is cutting petrol prices by more than six percent from the first of next month, in a bid to ease inflation and spur economic growth. The finance minister, Sri Mulyani Indrawati, says while the government is responding to public demand for cheaper fuel, diesel and kerosene prices will not be altered.

Posted in Economy @ 07 November 2008 04:16 CET by Jeroen · permalink · 1 reaction


State energy company asks for 20 trillion Rupiah subsidy The Indonesian state-owned energy company PLN will revise it's financial overview for this year. PLN will ask for an extra subsidy of some 20 trillion Rupiah (1.4 billion euro) for this year alone, according to Ali Hilal Hamdi, general chairman of PLN. Hilal said that the extra subsidy was based on the much higher prices for crude oil and coal.

Posted in Economy @ 10 July 2008 07:23 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


Hundreds arrested in Indonesia over fuel hike protest Police in Indonesia has arrested several hundred protesters in the Indonesian capital Saturday after some burnt tires and threw Molotov cocktails during a rally over fuel price rises, police said. The government hiked the cost of fuel by nearly 30 percent from Saturday in response to soaring global oil prices, and a ballooning subsidy bill, leaving hard-pressed households facing even more economic woes.

Posted in Protests @ 24 May 2008 13:37 CET by Jeroen · permalink · 0 reactions


Indonesia's economy likely grew over 6% for sixth quarter Indonesia's economy probably grew by more than 6 percent for a sixth quarter as the lowest interest rates in three years spurred spending on homes and cars. Southeast Asia's biggest economy expanded 6.2 percent in the three months to March 31 from a year earlier, about matching the 6.25 percent expansion in the preceding period, according to the median forecast of 17 economists in a Bloomberg News survey. The Central Statistics Bureau will release the data in Jakarta today.

Posted in Economy @ 13 May 2008 03:56 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


Fuel crisis hits Bali, three days for new supplies Fuel shortage has been hitting Indonesia's resort island of Bali over the last few days, causing an unusual view in which many empty-tanked vehicles are left unattended on streets. Motorists have left their cars and motorcycles with empty tanks on streets as many fuel outlets they came by no longer had gasoline or diesel fuel stocks, national Antara news agency reported Friday.

Posted in General @ 04 April 2008 15:56 CET by Jeroen · permalink · 0 reactions


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


Condoms for women to be subsidized The National Commission for Fighting AIDS will do it's best to ask the government to allocate funds to subsidize women's condoms. The reason for this action is that these kind of condoms are much more expensive than 'normal' condoms for men. “Now we are discussing the subsidy method. We hope in 2008 there will already be a subsidy for women's condoms,” said Nafsiah Mboi, chairperson for the commission.

Posted in Health @ 10 April 2007 13:29 CET by Jeroen · permalink · 0 reactions


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

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


Indonesia to sell up to 10 state firms The Indonesian government is likely to sell up to 10 state-owned enterprises next year in its major privatization drive, which seeks to cut state losses from inefficient and subsidy-reliant state firms, an official said Monday. The government has named six to 10 companies ready for privatization next year. "We are awaiting a presidential decree on the establishment of the privatization team," said Said Didu, secretary for the minister for state-owned enterprises.

Posted in Economy @ 26 September 2006 11:02 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


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

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


Social workers: 'Much of the cash-for-the-poor diverted' Most of the social welfare programs created by the government following the fuel subsidy cuts are missing their proper targets, a report released by a group of social workers says. The report showed the four main programs -- the School Operational Aid (BOS) scheme, costing Rp 6.7 trillion; the Health Insurance plan, at Rp 3.8 trillion; the Rp 3.4 trillion Village Infrastructure Development program; and the Direct Cash Aid program costing Rp 6.5 trillion -- were not being distributed properly.

Posted in General @ 17 January 2006 07:18 CET by Jeroen · permalink · 0 reactions


Boediono takes on economy President Susilo Bambang Yudhoyono announced a Cabinet reshuffle on Monday aimed at boosting his government's economic performance against a background of high inflation and unemployment. The changes to the one-year-old Cabinet saw Boediono, a former finance minister in the administration of President Megawati Soekarnoputri, take over the coordinating minister for the economy post, replacing Aburizal Bakrie, who was given a new assignment as the coordinating minister for people's welfare.

Posted in Politics @ 06 December 2005 17:15 CET by Jeroen · permalink · 0 reactions


Shell to open retail gas station in Indonesia A gas station run by Shell will start operating in Karawaci, Tangerang, Banten province, early next month, an oil official confirmed here on Wednesday. "After opening its first station in Karawaci, Shell will build another gas station in Warung Buncit, South Jakarta," Tubagus Haryono, head of the oil and gas industry regulatory agency BP Migas, was quoted by official news agency Antara as saying.

Posted in General @ 12 October 2005 14:00 CET by Jeroen · permalink · 0 reactions


Inflation rate at 33-month high in September Indonesia's inflation accelerated at its fastest pace in 33 months in September, adding to expectations the central bank will raise interest rates again to curb the price pressures expected from the government's Oct. 1 fuel cost increase.

Posted in Economy @ 03 October 2005 10:12 CET by Jeroen · permalink · 0 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


Household oil Rp 2.000, Premium Rp 4.500, diesel Rp 4.300 The Indonesian government has put the price of household oil at Rp 2.000 per liter up from Rp 700, an astonishing 186 per cent, and the price of premium petrol will be raised to Rp 4500 per liter (up from Rp 2400). This is an increase of about 88 per cent. Diesel will be increased from Rp 2.100 to Rp 4.300, an increase of 105 percent.

Posted in General @ 30 September 2005 18:46 CET by Jeroen · permalink · 0 reactions


SBY warns against fueling violence While protests are mounting ahead of the government's announcement of the new fuel prices, President Susilo Bambang Yudhoyono warned the public against turning violent. "Go ahead if you want to express yourselves by protesting, but don't burn or destroy things. (Peaceful expression) is what democracy is all about," Susilo said during a meeting with university rectors at the State Palace on Wednesday.

Posted in Protests @ 29 September 2005 08:20 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


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 to raise oil price by 30-60% Indonesia will increase oil price from Oct. 1 at a range of 30 to 60 percent, in an effort to adjusts piraling global oil price and to defend the country's currency from US dollar, Indonesian Vice President Jusuf Kalla said here Wednesday. "He (vice president) said the rise could be more than that (30 percent), may be 50 percent or 60 percent," Chairman of Indonesian Church Union Andreas Yuwangoe told reporters after meeting with the vice president at the vice presidential office here.

Posted in Economy @ 22 September 2005 07:20 CET by Jeroen · permalink · 0 reactions


Police arrest 13 Pertamina staff Officials of state-owned oil firm Pertamina (PTM.YY) are among 15 suspects arrested for allegedly hoarding 250,000 metric tons of kerosene and diesel fuel, the Jakarta Post reports.

Posted in General @ 21 September 2005 10:13 CET by Jeroen · permalink · 0 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


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

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


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


Bank Indonesia raises interest rates with 0.75% Indonesia's central bank on Tuesday raised its benchmark target rate by three quarters of a percentage point to 9.5 percent and said it would increase banks' reserve requirements as it attempted to support the country's battered markets. Following are analysts' views on the policy moves.

Posted in Economy @ 30 August 2005 10:17 CET by Jeroen · permalink · 1 reaction


Rupiah loses more ground as market confidence ebbs The rupiah lost nearly 5 pct today, falling past 10,800 per dollar at one point as the market continued to lose confidence in the capability of both Bank Indonesia and the government to defend the local unit, analysts said. They said today's fresh oil price spike was what triggered renewed selling pressure on the rupiah.

Posted in Economy @ 29 August 2005 14:13 CET by Jeroen · permalink · 0 reactions


New oil refinery inaugurated in Indonesia President Susilo Bambang Yudhoyonoofficially inaugurated a new oil refinery in Balongan, Indramayu, West Java province on Sunday. The Langit Biru refinery will boost the country's oil production in order to reduce the country's dependence on importedfuel, official news agency Antara reported. Susilo said that the refinery could also help save the state budget from rocketing oil prices on the international market.

Posted in Economy @ 28 August 2005 15:26 CET by Jeroen · permalink · 0 reactions


Indonesia raises rates as rupiah plunges again Indonesia raised its key interest rate today by 25 basis points to 7.50 per cent effective immediately, following an ongoing fall in the rupiah this week amid worries over climbing oil prices. The beleaguered currency fell to fresh lows today past the 10,200 level to the US dollar, despite efforts by the central Bank Indonesia to intervene, dealers said.

Posted in Economy @ 25 August 2005 08:18 CET by Jeroen · permalink · 1 reaction


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


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


Govt to allow Pertamina, PLN to raise fuel, power prices In an attempt to rein in the ballooning fuel subsidy, the government will allow state oil and gas company PT Pertamina and state power firm PT PLN to charge market prices for fuel and power intended for specific uses. The move is expected to help the government cut projected fuel consumption from 59.69 million kiloliters (kl) to 55 million kl, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said on Monday.

Posted in Economy @ 26 July 2005 07:11 CET by Jeroen · permalink · 0 reactions


Indonesia to sell 10 pct stake of state-owned gas company Indonesia plans to sell as much as 10 percent stake of state-run gas distributor PNG this year, part of a strategy to bridge budget deficit, local media reported on Tuesday. "For PNG, the stake that will be sold is maximum 10 percent," State Enterprises Minister Sugiharto was quoted by the Jakarta Post as saying.

Posted in Economy @ 19 July 2005 11:38 CET by Jeroen · permalink · 0 reactions


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


Pertamina cuts supply for quota State oil and gas firm PT Pertamina has reduced premium gasoline supply in trial periods in major cities, including Jakarta and Surabaya, and is monitoring the public reaction and response to the move before its full implementation. Head of Pertamina's fuel division Achmad Faisal said the plan was aimed at putting national fuel consumption on a par with the quota set by the government.

Posted in Economy @ 05 July 2005 07:29 CET by Jeroen · permalink · 1 reaction


Govt to look into state railway company after string of accidents Indonesian Vice President Jusuf Kalla said here on Sunday the government has sent two senior officials to look into various problems in the state-run railway company in the wake of frequent railway accidents. Kalla made the remarks when attending the National Family Day and the World Population Day here on Sunday morning.

Posted in General @ 03 July 2005 15:09 CET by Jeroen · permalink · 0 reactions


World Bank: Indonesia has room for further fuel price hikes The government has room for raising fuel prices further to cut fuel subsidy spending amid continuing high world oil prices, a senior World Bank official said. 'Continuing high level of oil prices obviously suggests that there is room for further such policy actions (fuel price hikes),' the bank's vice president for East Asia and the Pacific region Jemal-ud-din Kassum said.

Posted in Economy @ 23 June 2005 13:51 CET by Jeroen · permalink · 0 reactions


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 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


Indonesia may raise fuel price by 40% The Indonesian government projected to increase domestic fuel price by up to 40 percent at the beginning of 2005, Vice President Jusuf Kalla said here Tuesday. "(The hike) is estimated at 40 percent," Jusuf Kalla told reporters. Kalla said a hike in oil price is unavoidable as the governmentwill be unlikely to maintain fuel subsidy at the current level.

Posted in General @ 30 November 2004 00:02 CET by Jeroen · permalink · 0 reactions


House askes SBY to mull fuel hike The incoming government should consider raising fuel prices at home later this year in a bid to cut losses caused by the burgeoning cost of the nation's fuel subsidy that could cripple state finances, the House of Representatives state budget commission said. The recommendation emerged during a meeting late on Wednesday between the commission and Minister of Finance Boediono to conclude the revision of the 2004 state budget.

Posted in Politics @ 23 September 2004 00:02 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


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


Local phone rates to rise by up to 28% Independent experts criticized on Wednesday the government's decision to allow the country's fixed-line operators to raise local telephone rates by up to 28 percent. Sudaryatmo of the Indonesian Consumers Foundation (YLKI) said "the government is not sensitive enough to realize that the phone rates hike will simply be another burden on the public." "The government should first carry out a study into the public's capability to pay the higher rates in relation to their incomes, before allowing the phone rate hike," he told The Jakarta Post.

Posted in General @ 01 April 2004 00:01 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


Domestic oil prices hike today In an attempt to raise revenue and help overcome the country ride over the economic crisis, the Indonesian government raised fuel prices again starting Thursday. The price hike of up to 22 percent, was announced by Muchsin Bahar, the Downstream Director of State-owned oil and gas company, Pertamina.

Posted in General @ 02 January 2003 00:01 CET by Jeroen · permalink · 0 reactions


Governor Sutiyoso pledged on Monday that the ambitious Mass Rapid Transit (MRT) project would be started in his second five-year term. "I will work hard to make it (the project) happen during my term," Sutiyoso told reporters after meeting the new Japanese Ambassador to Indonesia Yutaka Limura at City Hall.

Posted in General @ 11 November 2002 00:00 CET by Jeroen · permalink · 0 reactions


Traffic and ground transportation have become major headaches for residents of Jakarta. The city administration has failed to deal with the chaotic traffic that clogs the capital's streets, and an integrated transportation system offering safe and fast mass rapid transit remains but a dream. The Jakarta Post's Soeryo Winoto discussed the issue with Jakarta-based urban transportation expert Djamester Simarmata.

Posted in Human rights @ 02 November 2002 00:00 CET by Jeroen · permalink · 0 reactions


Mixed reaction over fuel price Several legislators of the three largest factions of the House of Representatives gave mixed reactions on Monday to the government's proposal to raise fuel prices by 30 percent next year. Husni Thamrin of the second largest faction, Golkar, said the government should delay the plan given the hardships people suffer due to the prolonged economic crisis.

Posted in General @ 11 September 2001 00:01 CET by Jeroen · permalink · 0 reactions
    
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