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Amendment of luxury tax will be realize

The government of Indonesia which representative by House’s Commission IX on Finance, national development planning, banking and non-bank financial institutions ,will propose some amendment to raise the luxury tax by between 10 and 200%, from its current standing of 75% of a luxury item’s worth (www.thejakartapost.com).  Vice chairman of tax, public policy, monetary, excise and customs [...]

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 [...]

“Sea Life” by Bakrie start on 2009

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 [...]

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