Astro was ended support and service to Direct Vision (DV)

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Trademark license agreement who owned by Lippo Group’s unit, PT Direct Vision (DV) from The largest cable television operator in Malaysia, Astro All Asia Networks Plc was expired on August 31, 2008. 

Astro has not renew the agreement and also ended support and services to DV and the time limit will be ended thirty-days grace period after its. It means that DV is only have time till October 01, 2008 to make an alternative arrangements and mitigate the impact on its customers. Read more »

2008, Danamon’s loans target Rp. 66.25 trillion

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Chief Financial Officer of PT Bank Danamon Tbk., Vera Eve Lim, said that the outstanding loans will be reaching Rp. 66.25 trillion (US$ 7.28 billion) by the end of this year (2008).  

On the first half of a year 2008, Danamon has contributing their loans facility to many sector, there are consist of corporate lending has contributed 32%, retail and consumer loans contributed 43% and small scale business around 25%. 

The increased BI rate currently (9.25%) has spurred banks to follow suit with their own rates, leading to dampened demand for loans from individuals and businesses.  

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Economic growht will be 6.2% on 2009

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The government of Indonesia is very optimistic that the economic growth will be 6,2% for the next year (2009).  

Finance Minister, Sri Mulyani Indrawati said that our economic growht in the last 8 month of this year (2008) was realized by more than 6% and our Gross Domestic Product (GDP) from non-oil and gas sector also was increased become to 7%. 

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Malls agree to switch power generators for 3 hours per week

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Malls and office buildings agreed with state power company PLN to enact a less severe version of a regulation on power-saving after originally rejecting the decree and threatening protests.  

Director PLN for Java and Bali, Murtaqi Syamsudin said that the parties agreed that the businesses will switch to power generators for three hours per week, instead of the initially proposed 10 hours. 

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Manado (2005-2008), US$ 174.6 was invested by foreign investment

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To increase the economic growth, the local government of North Sulawesi provincial (Manado) was approved almost 42 foreign investment projects since 2005 till 2008. 

According to Ridwan Zees as a Head of the Program Development Unit at the North Sulawesi Regional Investment and Cooperation Coordination Board (BKPMKR), currently the foreign investment was interest to invest the projects were mostly engaged in the fishery and tourism sectors. 

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Business eficiency by Oracle’s software

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PT Darma Henwa Tbk has been succesful to implementing “JD Edwards Enterprise One” from Oracle to solving their complecated problem refer to maintenance process of factory machinery to maximizing profit. 

Head Department of Information Technology (IT) Darma Henwa, Dewa Nugraha believes that this implementation and strategic partner with Oracle will be usefull to controll and high efficiency related by factory maintenance and machines. Read more »

“Sea Life” by Bakrie start on 2009

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Bakrie Group as a holding company of PT Bakrieland Development Tbk has plan to realize the “Sea Life” project in the next year (2009).  

This project location will be realize in Karakatoa Nirwana Resort, Lampung and the company will be needed the investment around Rp. 10 billion. 

Chief Marketing Officer of PT Bakrieland Development Tbk., Seno Adhikwanto said that the project will be focus for sea tourism and entertainment. 

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Bakrie life reached more than 50% theirs target

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Investor Daily was reported that PT Asuransi Jiwa Bakrie (Bakrie Life) decided to raise its premium income target become to Rp. 1 trillion, asset target become to Rp. 1.1 trillion and operating target become to Rp. 45 billion. 

Director of Bakrie Life, Timoer Soetanto said that till June, 30 the company was posted Rp. 400 billion (US$ 43.5 million) in premium income for which its whole’s year target was set at Rp. 700 billion. 

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2009, property sector growing-up again

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Businessman in property area was very optimist that for the next year (2009) their business will be increase by significantly.  

It was predicted by our goverment that the interest rate will be suistanable cause by the decreasing of inflation. Government assume that on 2009, our economic growht will be at level 6.2%, the inflation at level 6.5% and the average exchange rate of our currency (IDR) at level Rp. 9.100 per US Dollar.   Read more »

Hatta’s economic system suitable for current condition

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Joseph E. Stiglitz as an economic nobel winner said that the economic system currently is not siding with the poor, and an alternative economic system would be needed. The current economic condition is an egoistic and individualistic, which makes it difficult to build unity in diversity. 

Related by current economic condition, writer of “Bung Hatta dan Ekonomi Islam: Pergulatan Menangkap Makna Keadilan dan Kesejahteraan”, Anwar Abbas also said that economic system who introduced by Muhammad Hatta is still relevant and suitable for application to the current conditions, and may even provide ways and means to improve the life of the ordinary people in our country.

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