Personal Finance & Investment - indonesianestate.com

Q1 economic growth expected to reach over 5 pct

Finance Minister Sri Mulyani Indrawati said the country`s economic growth in the first quarter of this year was believed to reach over five percent.

Wed, 10 Mar 2010 16:07 GMT+07:00

Power rate hike to trigger inflation : observer

The government`s plan to raise the basic power rate (TDL) will boost inflation and reduce the competitive edge of domestic products, an observer said.

Wed, 10 Mar 2010 15:50 GMT+07:00

Thai bath weakens on market concerns over applying security act

Wed, 10 Mar 2010 12:21 GMT+07:00

N. Korea`s trade drops 1st time in 11 yrs in 2009: Think Tank

North Korea's trade appears to have dropped for the first time in 11 years in 2009 as its trade with China, South Korea and other major business partners declined.

Wed, 10 Mar 2010 12:17 GMT+07:00

Hyundai Motor to sell 3,000 taxi sedans in Singapore

Hyundai Motor Co. (KSE:005380), South Korea's largest automaker, said today it has signed a contract to sell taxi sedans to ComfortDelGro Corp. (SGX:C52), the biggest operator of taxis in Singapore.

Wed, 10 Mar 2010 12:14 GMT+07:00

UAE`s Emaar still interested in US$600 mln Lombok project

Dubai-based property developer Emaar Properties on Tuesday denied a report that it had pulled out of a long delayed US$600 million tourism project in Bali's neighboring island of Lombok.

Wed, 10 Mar 2010 11:58 GMT+07:00

Credit secured for 2 Indonesian coal fired power plants

Japan Bank for International Cooperation (JBIC) and a number of foreign financers have pledged a loan of US$1.81 billion for two coal-fired power plants in Java.

Wed, 10 Mar 2010 11:51 GMT+07:00

China`s JAC to construct first overseas plant in Vietnam: report

Anhui Jianghuai Automobile Co., Ltd. (JAC)(SSE:600418), an auto producer based in Hefei, will construct its first overseas plant to produce trucks in Vietnam in April, the China Daily reported Wednesday.

Wed, 10 Mar 2010 11:46 GMT+07:00

Planned power rate increase illogical : observer

State-owned power utility PLN`s plan to raise its basic electricity rate (TDL) by 15 percent is illogical, an observer said.

Wed, 10 Mar 2010 11:43 GMT+07:00

Govt to submit power rate hike proposal to House

The government is expected to submit a plan for a 15-percent rise in the basic power rate (TDL) to the House of Representatives (DPR) in April, an official said.

Wed, 10 Mar 2010 11:40 GMT+07:00

Japan postal savings cap hike draws fire from banks

Japan's financial sector on Tuesday restated its opposition to a government proposal to increase the current 10 million yen (US$111,090) deposit limit on postal savings.

Wed, 10 Mar 2010 11:15 GMT+07:00

India`s RCom launches application for social networking sites

Indian telecom major Reliance Communications (RCom) (BSE:532712) yesterday launched a new service VAS application 'Socially', which will allow users to follow social network sites like Facebook, Twitter and LinkedIn.

Wed, 10 Mar 2010 11:05 GMT+07:00

Aust`s ANZ Bank gets okays to buy RBS`s biz in Singapore, Taiwan

Wed, 10 Mar 2010 11:01 GMT+07:00

Sinochem inks US$2.3 bln deal for fertilizer projects in Ningxia

Sinochem Group, one of China's leading fertilizer makers, has inked a 16-billion-yuan (US$2.3 billion) deal on Tuesday to build two nitrogenous fertilizer projects in China's northwestern Ningxia Hui Autonomous Region.

Wed, 10 Mar 2010 10:58 GMT+07:00

Construction of two PLN powerhouses started

The construction of two main powerhouses in South Bengkulu and North Bengkulu regencies has been started raising each capacity by 1 megawatts (MW) to meet the power needs in the two regencies.

Wed, 10 Mar 2010 08:24 GMT+07:00

PTBA considering purchase of 9.36 pct of Freeport shares

President Director of state coal mining company PT Batubara Bukit Asam Tbk (PTBA) Sukrisno said he was considering a purchase 9.36 percent of the shares of PT Freeport Indonesia.

Wed, 10 Mar 2010 00:20 GMT+07:00

Govt to issue presidential regulation on extractive industries

The government will immediately issue a presidential regulation on extractive industries in an effort to make the management of oil profit-sharing funds more transparent.

Wed, 10 Mar 2010 00:16 GMT+07:00

Government revising 2010 state budget

The government is revising the 2010 state budget in light of expected improvements in economic conditions this year, Finance Minister Sri Mulayni said.

Tue, 09 Mar 2010 17:20 GMT+07:00

BI: Q1 growth to exceed 5 pct

Bank Indonesia (the central bank/BI) said on Monday the domestic economy may grow above 5 percent in the first quarter of 2010.

Mon, 08 Mar 2010 21:52 GMT+07:00

JBIC to lend US$1,215 mln for Paiton project expansion

The Japan Bank for International Cooperation (JBIC) and PT Paiton Energy (PE) here Monday signed a project financing loan agreement worth the equivalent of US$1,215 million to fund the Paiton thermal power plant expansion project.

Mon, 08 Mar 2010 21:50 GMT+07:00