ANTARA - Economic & Business News

Lion Air raises flights to Jidda

Mon, 08 Feb 2010 01:29:29 +0700

Indonesia`s biggest private airline company Lion Air will increase its Jakarta-Jidda flights from twice to five times a week starting on February 10, 2010.

RI trying to attract more Japanese investors after global crisis

Sun, 07 Feb 2010 12:46:12 +0700

Indonesia will in the next five years focus its ties with Japan by raising the flow of Japanese investment to Indonesia in the wake of the global economic crisis, an envoy said.

World bank funds agricultural extension centers in 18 provinces

Sun, 07 Feb 2010 09:08:55 +0700

The World Bank has funded the development of Agricultural Extension Centers (BPP) in 18 provinces which were included in the Farmers Empowerment program through Agricultural Technology and Information (P3TIP) or FEATI.

Coal companies to allocate 68 million tons for domestic market

Sun, 07 Feb 2010 09:01:33 +0700

National coal producers will set aside 68 million tons of their output to meet their domestic market obligation (DMO) in 2010, a spokesman said here on Saturday.

Chinese investors eying three development regions in W Sulawesi

Sun, 07 Feb 2010 08:24:09 +0700

Chinese investors have been eying three development areas planned by the West Sulawesi provincial administration, deputy West Sulawesi governor H.M.Amri Sanusi said here after opening a consultative meeting of KNIP here Saturday.

BP Migas: Country`s oil production recorded at 946,048 bpd

Sat, 06 Feb 2010 10:21:08 +0700

The country`s oil and condensate production since early this year is recorded at 946,048 barrels per day (bpd), which is lower than the state budget target at 965,000 bpd, an oil official said.

Govt expects this year`s credit growth to reach 20 pct

Sat, 06 Feb 2010 08:46:01 +0700

The government expects the country`s credit growth to reach 20 percent this year to boost investment and exports, a minister said.

BPEN to hold in-store promotions in four countries

Sat, 06 Feb 2010 08:31:36 +0700

The National Agency for Export Development (BPEN) will organize in-store promotion campaigns in four countries this year, its chief said.

GINSI urges govt to impose import duties on Chinese products

Sat, 06 Feb 2010 08:23:04 +0700

The Association of Indonesian Exporters (GINSI) has reminded the government to keep imposing import duties on various Chinese products, although the ASEAN-China Free Trade Area (ACFTA) had taken effects of January 1, 2010.

Bontang still owes 80 gas cargoes to Japan

Sat, 06 Feb 2010 07:36:06 +0700

The Bontang refinery plant in East Kalimantan still owes 80 cargoes of liquefied natural gas (LNG) worth US$2 billion to Japan, an oil official said.

Govt seriously tackling infrastructure problems under ACFTA

Sat, 06 Feb 2010 06:47:43 +0700

The government is seriously tackling damaged roads and electricity shortages to enable local industries and SMEs to face the implications of the ASEAN-China Free Trade Area (ACFTA), a trade ministry official said.

Govt to offer bonds worth Rp4 trillion on Feb 9

Sat, 06 Feb 2010 06:42:31 +0700

The government will offer rupiah-denominated bonds of Rp4 trillion in an auction next Tuesday to meet part of financing target in the 2010 state budget, the finance ministry said.

Russian bizmen interested in Indonesia`s mining sector

Sat, 06 Feb 2010 06:10:37 +0700

Indonesian Ambassador to Russia Awaluddin Hamid said some Russian investors were interested in investing in Indonesia`s mining sector.

Pertamina starts explorations on two gas wells

Sat, 06 Feb 2010 06:02:28 +0700

The state-owned oil firm Pertamina has started conducting exploration of two gas wells in Ulu Lais village, Lebong Utara subdistrict, Lebong district, Bengkulu province for the construction of Gas Power Plant (PLTG).

Indian IT, BPO exports expected to touch US$50 bln in fy 10

Fri, 05 Feb 2010 19:48:33 +0700

Indian software services and business process outsourcing (BPO) export revenue is estimated to touch US$50 billion in value in 2009-10, growing at 5.5 per cent and sticking to the earlier guidance of 4-7 per cent growth.

China`s Dongfeng Peugeot Citroen Jan sales up 131% on year

Fri, 05 Feb 2010 19:44:58 +0700

Sino-French joint venture carmaker Dongfeng Peugeot Citroen sold 37,218 vehicles in January 2010, up 131 per cent from a year earlier.

Indonesia`s Pertamina, PGN to form LNG Terminal services jv

Fri, 05 Feb 2010 19:42:14 +0700

Indonesian state-owned oil company PT Pertamina and fellow state enterprise State Gas Company (PGN) have reached a deal to form a joint venture engaged in LNG Terminal services in West Java.

Japan`s Mitsui O.S.K Lines inks 2 long-term coal shipping deals

Fri, 05 Feb 2010 16:49:25 +0700

Mitsui O.S.K. Lines Ltd. (TSE:9104) has concluded 10-year coking coal shipping contracts with Mitsubishi Chemical Corp. and Nisshin Steel Co. (TSE:5407).

Vietnam jv starts manufacturing country`s first ship engines

Fri, 05 Feb 2010 16:01:32 +0700

Vietnam's first ship engine plant, a joint venture between the Bach Dang Shipbuilding Corporation and Mitsubishi Heavy Industries (TSE:7011), was put into operation on February 3.

Cambodia breaks ground on largest-ever irrigation project

Fri, 05 Feb 2010 15:58:33 +0700

Cambodia on February 4 broke ground for its greatest irrigation waterworks in Battambang province in a bid to increase farming area and crops in one of the country's main rice-growing provinces.