ANTARA - Economic & Business News

Over one-third of RI exports to China using FTA facility

Sat, 13 Mar 2010 08:56:24 +0700

Thirty percent of Indonesian exports to China are carried out using a tariff reduction facility provided in the Asean-China Free Trade Agreement, Deputy Trade Minister Mahendra Siregar said.

CPO, rubber top commodities to meet ACFTA

Sat, 13 Mar 2010 08:55:17 +0700

Crude palm oil and rubber are commodities Indonesia could rely on to deal with the Asean-China Free Trade Agreement, an Agriculture Ministry official said here on Friday.

Govt to call tender for gas pipelines construction

Sat, 13 Mar 2010 08:22:46 +0700

The government will soon call a tender for the construction of gas pipelines according to the master plan of national gas transmission and distribution networks in the 2010-2025 period, an official said.

S&P raises RI`s rating to BB

Sat, 13 Mar 2010 08:20:16 +0700

International rating agency Standard and Poor`s (S&P) has raised Indonesia`s long-term foreign currency rating to BB from BB- and affirmed its long-term local currency rating at BB+.

BI: power rate hike to have small impact on inflation

Sat, 13 Mar 2010 08:19:05 +0700

Bank Indonesia (the central bank/BI) said the government`s plan to raise basic power rates, if realized, will only have a small impact on the country`s inflation rate.

Vice President opens Agrinex International Expo 2010

Fri, 12 Mar 2010 11:57:58 +0700

Vice President Boediono on Friday morning opened Agrinex International Exhibition 2010 at the Jakarta Convention Center.

Sri Lanka inks US$290 mln in railway, airport loans from China

Fri, 12 Mar 2010 11:01:49 +0700

Sri Lanka has signed up US$290 million in financing from China\'s Exim Bank to build an airport in the south of the island and expand railways, the foreign ministry said.

RI economy predicted to keep growing until 2011

Fri, 12 Mar 2010 02:55:51 +0700

Bank Indonesia (BI) predicts Indonesia`s economy will grow 5.5 to 6.0 percent in 2010 and continue to grow 6.0 to 6.5 percent in 2011.

Govt may grant duty-free facility to four other industries

Fri, 12 Mar 2010 02:52:40 +0700

The government is looking into the possibility of granting government-borne import duties to four other industries.

Senen market fire causes Rp8.5 billion loss

Fri, 12 Mar 2010 02:50:18 +0700

A fire that ravaged the Senen market in Central Jakarta in the wee hours of Thursday caused an estimated material loss of Rp8.5 billion, a spokesman said.

PT Dirgantara Indonesia can build amphibious planes

Fri, 12 Mar 2010 02:27:26 +0700

State aircraft industry PT Dirgantara Indonesia (PT DI) has the capacity to build amphibious planes, member of Commission I of the House of Representatives Al Muzammil Yusuf said Thursday.

Australian firms to invest US$1 billion in Indonesia

Thu, 11 Mar 2010 19:48:32 +0700

Five large Australian companies will increase their investment up to US$1 billion to expand their business in Indonesia, Investment Coordinating Board (BKPM) chief Gita Wirjawan said.

China`s car sales in Feb up 45.88% on year: CAAM

Thu, 11 Mar 2010 19:46:29 +0700

China\'s car sales reached 623,100 units in February, down 33.02 per cent from the previous month but up 45.88 per cent from a year earlier, according to the latest statistics released by the China Association of Automobile Manufacturers (CAAM).

Cathay Pacific swings to US$605 mln profit for 2009

Thu, 11 Mar 2010 19:43:00 +0700

Hong Kong\'s Cathay Pacific Group has announced an attributable profit of HK$4,694 million (US$605 million) in 2009 despite what it termed \"extremely challenging business conditions\", compared to a loss of HK$8,696 million the previous year.

Q1 economic growth expected to reach over 5 pct

Wed, 10 Mar 2010 22:07:55 +0700

Finance Minister Sri Mulyani Indrawati said the country`s economic growth in the first quarter of this year was believed to reach over five percent.

Power rate hike to trigger inflation : observer

Wed, 10 Mar 2010 21:50:12 +0700

The government`s plan to raise the basic power rate (TDL) will boost inflation and reduce the competitive edge of domestic products, an observer said.

Thai bath weakens on market concerns over applying security act

Wed, 10 Mar 2010 18:21:25 +0700

N. Korea`s trade drops 1st time in 11 yrs in 2009: Think Tank

Wed, 10 Mar 2010 18:17:32 +0700

North Korea's trade appears to have dropped for the first time in 11 years in 2009 as its trade with China, South Korea and other major business partners declined.

Hyundai Motor to sell 3,000 taxi sedans in Singapore

Wed, 10 Mar 2010 18:14:36 +0700

Hyundai Motor Co. (KSE:005380), South Korea's largest automaker, said today it has signed a contract to sell taxi sedans to ComfortDelGro Corp. (SGX:C52), the biggest operator of taxis in Singapore.

UAE`s Emaar still interested in US$600 mln Lombok project

Wed, 10 Mar 2010 17:58:08 +0700

Dubai-based property developer Emaar Properties on Tuesday denied a report that it had pulled out of a long delayed US$600 million tourism project in Bali's neighboring island of Lombok.