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Archives: Business

Electricity subsidize for 2009 will be Rp. 60,43 trillion

Government and House of Representative (DPR)’s commission VII agree to determining amount of electricity sudsidize for 2009 Rp. 60,43 trillion by assuming 7% of electricity’s growth.   Government who representative by Minister of Energy and Mining, Purnomo Yusgiantoro said that without this sudsidize the growth of electricity is only 5,63% and by this subsidize the growth [...]

Timah cancels to acquire Australian mining business

President Director of PT Tambang Timah, Wachid Usman said that the company was canceled a plan to acquire a mining business in Australia because it is no longer profitable.   The Australian mining field is an old mining site which had been abandoned for a long time with a remaining tin reserve of about 11,000 million [...]

IDB and ADB agree to financing Indonesia’s infrastructure projects

In the next three year, Indonesia will get the financing to realize the infrastructure projects covering irrigation and urban sector. This condition related with agreement was signed by the Asian Development Bank (ADB) and the Islamic Development Bank (ADB) to finance some projects in a number of member states, including Indonesia. 

Purchasing power of consument begin to increase

“Ramadhan” for this year has begin to increase the purchasing power of consument, this condition also much better than last year. Its shown that government decision on last May 2008 to increase the oil price is not really influence by significantly. Head of Enterpreunership Association Retail Indonesia, Tutum Rahanta, said that the retail selling at the [...]

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

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 [...]

2008, Danamon’s loans target Rp. 66.25 trillion

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 [...]

Economic growht will be 6.2% on 2009

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 [...]

Malls agree to switch power generators for 3 hours per week

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, [...]

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

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 [...]

Business eficiency by Oracle’s software

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 [...]

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