Personal Finance & Investment - indonesianestate.com

Govt waiting for house to raise power rate

The government is still waiting for the results of its discussion with the House of Representatives (DPR) to decide whether or not it will raise the basic power rate (TDL).

Mon, 15 Mar 2010 21:51 GMT+07:00

Indocement to raise production by 1.5 million tons

Publicly-listed cement maker PT Indocement Tunggal Prakarsa Tbk looks set to raise its annual production by 1.5 million tons as of May when its two new cement plants start production.

Mon, 15 Mar 2010 21:37 GMT+07:00

Duty-free facilities for telecommunication industry

The government is providing duty-free facilities for the importation of goods and materials to produce telecommunication appliances this year.

Mon, 15 Mar 2010 21:28 GMT+07:00

Potential of PLTD conversion into PLTP may reach 200 MW

The potential conversion of diesel power plants (PLTD) into small-scale geothermal power plants (PLTP) may reach a capacity of 200 MW, the Agency for Assessment and Application of Technology (BPPT) said.

Mon, 15 Mar 2010 12:41 GMT+07:00

India govt aims at GST rollout by April next year

family: Arial;\">New Delhi (ANTARA News/Asia Puse) - The Indian government on Friday said it will persuade states to reach a consensus on the Goods and Services Tax so that it can be implemented from April 1 next year.

Mon, 15 Mar 2010 09:31 GMT+07:00

Mitsui Fudosan to enter retail outlet business in China

family: Arial;\">Tokyo (ANTARA News/Asia Pulse) - Japan\'s Mitsui Fudosan Co. (TSE:8801) is developing commercial sales outlets in Ningbo, China, in partnership with Itochu Corp. (TSE:8001) and a local investment firm.

Mon, 15 Mar 2010 09:29 GMT+07:00

Sanyo to quintuple LCD TV output in Indonesia by next year

family: Arial;\">Jakarta (ANTARA News/Asia Pulse) - Japan\'s Sanyo Electric Co. (TSE:6764) plans to ramp up Indonesian production of LCD televisions more than fivefold to an annual 1 million units by 2011.

Mon, 15 Mar 2010 09:27 GMT+07:00

LG Chem to build US$1.8 bln it materials plant in S.Korea

family: Arial;\">Seoul (ANTARA News/Asia Pulse) - LG Chem Ltd. (KSE:051910), South Korea\'s leading producer of chemicals, said today it will build a 2 trillion won (US$1.8 billion) plant for materials used in liquid crystal display (LCD) panels in the central part of the country.

Mon, 15 Mar 2010 09:25 GMT+07:00

S. Korea to spend US$6.2 bln on fisheries industry by 2014

family: Arial;\">Seoul (ANTARA News/Asia Pulse) - South Korea plans to allocate 7.09 trillion won (US$6.24 billion) in investment funds and loans to the local fisheries industry in a bid to make the country the world\'s 10th largest fisheries good producer by 2014, government officials said today.

Mon, 15 Mar 2010 09:23 GMT+07:00

Japan Steel Works to set up manufacturing base in Chongqing

family: Arial;\">Beijing (ANTARA News/Asia Pulse) - Japan Steel Works (JSW) (TSE:5631), the world\'s largest supplier of notebook computer manufacturing equipment, is to set up a manufacturing base in Chongqing, according to an executive in charge of JSW\'s Chinese market.

Mon, 15 Mar 2010 09:17 GMT+07:00

Aust engineer, property services co UGL wins US$101 mln in contracts

family: Arial;\">Sydney (ANTARA News/Asia Pulse) - Australian engineering and property services company UGL Ltd (ASX:UGL) has won contracts worth about A$110 million (US$101 million).

Mon, 15 Mar 2010 09:15 GMT+07:00

Singapore, EU complete first round of FTA negotiations

family: Arial;\">Singapore (ANTARA News/Asia Pulse) - Singapore and the European Union (EU) Friday completed the first round of negotiations on a Free Trade Agreement (EUSFTA) held here since Monday.

Mon, 15 Mar 2010 09:13 GMT+07:00

Indonesian insurance industry reports strong growth

family: Arial;\">Jakarta (ANTARA News/Asia Pulse) - Indonesia\'s insurance industry posted Rp89.4 trillion (US$97. billion) in gross premium income in 2009, an increase of 20.8 per cent form the previous year.

Mon, 15 Mar 2010 09:07 GMT+07:00

HK-listed CITIC Pacific to sell Shi Steel for US$278 mln: report

family: Arial;\">Beijing (ANTARA News/Asia Pulse) - CITIC Pacific (SEHK:02667) looks likely to sell Shijiazhuang Iron and Steel Co. (Shi Steel) to Hebei Iron and Steel Group (HBIS), China\'s largest steel maker by output, for 1.9 billion yuan (US$278.4 million), an insider of Shi Steel told Caijing Magazine recently.

Mon, 15 Mar 2010 09:05 GMT+07:00

Indonesia`s excise receipts reach Rp12.75 trillion

Indonesia`s excise receipts in the year ending on March 10 reached Rp12.75 trillion, accounting for 22.26 percent of the target set in the 2010 state budget.

Mon, 15 Mar 2010 06:17 GMT+07:00

Over one-third of RI exports to China using FTA facility

Thirty percent of Indonesian exports to China are carried out using a tariff reduction facility provided in the Asean-China Free Trade Agreement, Deputy Trade Minister Mahendra Siregar said.

Sat, 13 Mar 2010 02:56 GMT+07:00

CPO, rubber top commodities to meet ACFTA

Crude palm oil and rubber are commodities Indonesia could rely on to deal with the Asean-China Free Trade Agreement, an Agriculture Ministry official said here on Friday.

Sat, 13 Mar 2010 02:55 GMT+07:00

Govt to call tender for gas pipelines construction

The government will soon call a tender for the construction of gas pipelines according to the master plan of national gas transmission and distribution networks in the 2010-2025 period, an official said.

Sat, 13 Mar 2010 02:22 GMT+07:00

S&P raises RI`s rating to BB

International rating agency Standard and Poor`s (S&P) has raised Indonesia`s long-term foreign currency rating to BB from BB- and affirmed its long-term local currency rating at BB+.

Sat, 13 Mar 2010 02:20 GMT+07:00

BI: power rate hike to have small impact on inflation

Bank Indonesia (the central bank/BI) said the government`s plan to raise basic power rates, if realized, will only have a small impact on the country`s inflation rate.

Sat, 13 Mar 2010 02:19 GMT+07:00