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Archives: May, 2008

Rp. 3 trillion subsidies for every US$ 1 increase in oil prices

For the first time, world oil prices broke more than US$ 135 per barrel on fears of demand exceeding supply.   This condition of course will influence so many aspect, especially government subsidies for energy.    Finance ministry head of fiscal policy, Anggito Abimanyu said that every US$ 1 increase in oil prices, the government will take [...]

First quartal 2008, most of oil contractors failed the daily production

The Directorate General of Oil and Gas, Luluk Sumiarso said that the majority of oil contractors in our country failed to achieve their daily production target in the first quartal 2008.   From the total of 37 oil companies which operating in our country, 22 contractors was saw theirs production report for the first quartal (January-April) [...]

Newmont paid US$ 5,58 million for royalty

Total royalty for the first quartal 2008 has been paid to Government of Indonesia by PT Newmont Nusa Tenggara (NNT) is around US$ 5,58 million or equivalent with Rp. 41 billion.  The public relation manager of Newmont Nusa Tenggara, Kasan Mulyono said that the payment of royalty was realized by the company on April, 30th 2008. This [...]

Load factor GIA for Beijing-Jakarta was reached 80%

Passenger’s loads factor in Garuda Indonesia Airways (GIA) for Jakarta-Beijing for the first quartal 2008 was reached 80%. It means that GIA have ability to compete with foreign airlines in the world.  Refer to Visit Indonesia Year (VIY) 2008, management of Garuda Indonesia Airways has been targeting around 22 thousands of passenger for Beijing-Jakarta route.  The number [...]

Gasoline purchases maximal Rp. 75.000 for private cars

  Refer to government plan who will be increasing the fuel price in early June 2008 has been negative influence for PT Pertamina. Currently, Pertamina may have a trouble limiting fuel transactions to stop panic buying in response to planned fuel price increases because of a lack of regulations for implementing the policy.  Pertamina announced its new [...]

US$ 90 million will invest by AKR

PT AKR Corporindo as a top chemicals and fuel distributor in Indonesia has planning to go for expansion with invest about US$ 90 million for the construction of a fuel tank terminal at Tanjung Priok, North Jakarta.    This planning would be realized by the company in a within year and hopely to be completed on [...]

Target export 2008 US$ 10 billion for textile industry

The government of Indonesia expects that our export from the textile sector will growth around US$10 billion for this year (2008).  Following the discussions with the country’s banks, the government hopes that they will help revitalize the textile industry by providing up to Rp. 2 trillion or equivalent with US$ 222 million in loans for this [...]

MSME needs Rp. 60,4 trillion to meet 60% growht’s

To increase the Micro, Small and Medium Enterprises (MSME) industry around 60 percent growth’s for this year (2008), the government has plan that our banking industry will support its lending targets around Rp. 60,4 trillion.  This amount also has approved by the banks with some condition for this prospectives sector.  One of the main reasons for banks [...]

Citibank launch “super switch deposit”

Citibank will launch “super switch deposit” to meets the current condition, related with high volatility for the value of currency.   With this system, the clients of Citibank will have some possibility to change their spot currency with another foreign currency to get the maximizing profit.  Minimum deposit to open a new account at Citibank super switch [...]

Our export figures in the first quartal 2008, reached 31,7%

The Central Statistic Agency (BPS) has reporting that Indonesia’s exports climbed to US$33.6 billion in the first quarter of 2008 from US$25.5 billion in the same period last year (www.bps.go.id).  Oil and gas exports in the first three months of 2008 reached $7.3 billion, or a 61.8% increase compared to the same period last year.  A resources-based [...]

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