ANTARA News - Business

Bank Nagari to issue bonds of Rp225 bln

Wed, 23 May 2012 22:11:03 +0700

West Sumatra provincial government-owned Bank Nagari plans to issue subordinated bonds of Rp225 billion to strengthen its long-term capital.

Kalbe Farma to pay dividends of Rp891 billion

Wed, 23 May 2012 22:09:21 +0700

Publicly-listed pharmaceutical company PT Kalbe Farma Tbk said shareholders agreed at their annual meeting on Wednesday to pay dividends of Rp891 billion or Rp95 per share. The dividends represented 60 percent of the company`s 2011 net profit which reached Rp1.48 trillion, Kalbe Farma ...

Govt to scrap duty on IKD components for sedans

Wed, 23 May 2012 22:04:56 +0700

The government is planning to scrap duty on the import of incompletely knocked down (IKD) components for the production of sedans this year to boost the domestic sedan and component industry.

Premium quota runs out on Nov 24, diesel Dec 9: BPH Migas

Wed, 23 May 2012 22:01:27 +0700

Down-stream oil and gas industry regulatory body (BPH MIGAS) has predicted that the quota of subsidized premium oil will run out on November 24, 2012.

BSM posts net profit of rp193 bln in Q1

Wed, 23 May 2012 13:13:12 +0700

Bank Syariah Mandiri (BSM), a sharia unit of Indonesia`s largest state lender Bank Mandiri, posted a net profit of Rp192.72 billion in the first quarter of 2012, up by 42.87 percent from a year earlier.

Indonesia, Portugal agree to increase trade value

Tue, 22 May 2012 22:02:38 +0700

Indonesia and Portugal have agreed to increase the value of trade between the two countries to improve common welfare.

Pertamina`s Petral is not to be closed: Minister

Tue, 22 May 2012 21:52:24 +0700

Indonesian State-Owned Enterprises Minister Dahlan Iskan has said the government would not close down Petral, a subsidiary of the state`s oil and gas company Petral Pertamina Energy Trading, but only change its function. "Petral will not be closed, but it no longer will be given the ...

Timor Leste expected to open flight to Kupang

Mon, 21 May 2012 07:03:11 +0700

The Indonesian Chamber of Commerce and Industry (Kadin) for East Nusa Tenggara (NTT) hopes that Timor Leste would open a Kupang-Dili flight route.

RI, Timor Leste sign LoI on economic integration

Sun, 20 May 2012 21:40:44 +0700

Indonesia and Timor Leste have signed a Letter of Intent (LoI) to lay a basis for further negotiations on regional development through economic integration approaches, a presidential aide said.

S Korean investor to build factory in Pasaman Barat

Sun, 20 May 2012 20:58:37 +0700

Korean investors will soon build an oil plant waste processing plant to produce bio energy in Pasaman Barat regency, West Sumatra.

Bio Farma receives international recognition

Sat, 19 May 2012 18:05:18 +0700

With 11 products provided by Indonesia`s leading vaccine manufacturer, PT Bio Farma has received recognition from the World Health Organization.

Indonesia helps world recover from economic crisis

Sat, 19 May 2012 00:09:37 +0700

Indonesia has been considered by the US to be the second country after China that has helped the world recover from the economic crisis.

U.S. denies CPO rejection linked to rivalry

Fri, 18 May 2012 23:58:41 +0700

The U.S. government has denied claims that its rejection of Indonesian palm oil is intended to protect its own vegetable oil industry.

Bali`s coffee exports up 3.31 pct

Thu, 17 May 2012 12:40:47 +0700

Bali exported 961 kilograms of coffee worth 74,376.67 US dollars in the first quarter this year, a 3.31 pct increase from 13,916 US dollars in same period last year.

BI predicts consumption, investment to be drivers of growth

Wed, 16 May 2012 19:55:56 +0700

Bank Indonesia has predicted domestic demand, boosted by strong consumption, and increased investment will be the drivers of the country`s economic growth this year.

President signs regulation to draw up 2013 work plan

Wed, 16 May 2012 19:36:55 +0700

President Susilo Bambang Yudhoyono has signed a presidential regulation that will serve as a reference for ministries, non-ministerial government agencies and regional governments in drawing up their work plans for 2013.

Toyota urged to produce hybrid car in Indonesia

Wed, 16 May 2012 08:04:33 +0700

Indonesia has asked Toyota to produce hybrid car in the country and the company has agreed to do it in 2014.

S. Sumatra continues to develop transportation facilities

Tue, 15 May 2012 22:06:22 +0700

South Sumatra Governor Alex Noerdin has continued his efforts to improve the transportation facilities in order to accelerate the province`s progress, according to local transportation office spokesman Sarimuda.

Russian investor to build rail roads in Kalimantan

Tue, 15 May 2012 21:32:53 +0700

A Russian investor will soon build a 160-kilometer long rail road worth US$2.5 billion in East Kalimantan, governor Awang Faroek Ishak said, "The new rail road will later connect with that in Central Kalimantan measuring 90 kilometers long to make the total rail road to be built by Kalimantan ...

RI govt to limit coal exports

Tue, 15 May 2012 20:55:55 +0700

The Government will issue a regulation that will limit coal exports in order to guarantee sustainable use of domestic coal.