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Archives: Government

ICT needed to realize the creative economy

Speech on Indonesian Information and Communication Technology Award (INAICTA) 2008 conference (August, 08th 2008) at Jakarta Convention Center, Trade Minister, Mari Elka Pangestu speak about the creative economy.  The government was concern regarding the creative economy since last two year. Creative economy is an evolving concept based on the potential of creative assets to generate socio-economic [...]

Again, PLN signed loan agreement to realize 10.000MW project

State Electricity Company or PT Perusahaan Listrik Negara (PLN) was signed agreements to financing their 10,000 megawatts project.   To complete the construction of 35 coal-fired powerplants, PLN needed US$ 4.4 billion of dollar loans and Rp. 17.5 trillion or equivalent with US$ 1.9 billion in local currency. 

Samsung will invest US$ 1.63 billion to biodiesel project in Riau

South Korea’s largest company, Samsung Group plans to develop a 25,000-hectares oil palm plantation and a biodiesel refinery in Riau province (Sumatra) with an investment of up to Rp. 15 trillion (US$1.63 billion).   The company is one of many investors who very interested to taking a part in the country’s biodiesel development project in Sumatra. [...]

Hundreds contractors of government project will be collaps

Hundreds construction company as a projects partner for local goverment of Jakarta may be will collaps caused by the price increasing between 20 -30 percent of expenses material to finish their projects currently. The increasing of oil price in the world at this moment also has been influence to our domestic fuel price and it has [...]

Inflation still under controlled by BI

The Central Bank (BI) is very optimist that the inflation today will be decrease and still under controll by some BI’s monetary instruments.  The increasing of inflation in our country currently was more caused by volatility of oil pricing in the world.  Finance Minister, Sri Mulyani said that the Government Revenues and Expenditures Budgeting (APBN) is still [...]

Economic growth 2008 will be 5,85%

The prediction of economic growth in 2008 will be decreasing become to 5,85 percent. It was caused by instability of macro economic condition on increasing of oil price in the world and also our high inflation today.  Some factors which very influence the decrease of economic growht are consist of interest rate with not attractive and [...]

Indonesia is the largest CPO producer in the world

As the world’s largest Crude Palm Oil (CPO) producer, Indonesia will always concern regarding current policy for this commodity, especially for export duty.  Focus on CPO, government always set the export duty every month. On February 2008, the goverment issued a new progressive tariff for export duties which states that CPO priced between US$1,100 and $1,200 [...]

BI rates increase 25 basis point

  The Central Bank of Indonesia (BI) rate’s was increase 25 basis point, from 8.5 percent become to 8.75 percent.  This condition will be bringing the positives influence to appreciate our currency (IDR) at level Rp. 9.200/ US$ and also of course, it will be able to support the decreasing of our inflation currently.  Beside Indonesia, it was [...]

ORI-005 will be issue on September 2008

Succes issued Retail Government Bond (ORI) since first issued (ORI-001) till fourth issued (ORI-004) has making our government optimistic by continued to issue the fifth retail bond number 005 (ORI-005) on next September 2008. ORI-005 will have a five-year maturity, and the yield will be compared to other five-year bonds in the market.   The government who [...]

Indonesia-Japan Economic Partnership Agreement (IN-EPA)

Government has targeting the trading volume of Indonesia to Japan will increase from 9.5% become to 12% after the agreement of Indonesia-Japan Economic Partnership Agreement (IN-EPA) has realized. This EPA’s agreement will be related by liberalization, facility and partnerships beetwen each country.  This agreement will be effective as per July, 01st 2008 and with this agreement, [...]

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