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Interest in Garuda in Beijing unaffected by EU flight ban

The interest of people in Beijing in flying by Garuda Indonesia aircraft remained unaffected by the European Union`s flight ban imposed on all Indonesian airline companies.

Fri, 25 Jul 2008 22:21 GMT+07:00

Indonesia regrets prolongation of EU flight ban

Indonesia deplores the continuation of the European Union (EU)`s ban on Indonesian airline flights in its air space despite the improvements made in their safety standards over the past few months, Foreign Affairs Ministry spokesman Teuku Faizasyah said here Friday.

Fri, 25 Jul 2008 20:04 GMT+07:00

VP: EU flight ban good to spur improvements in air services

The European Union (EU)`s ban on all Indonesian airline flights in its air space is a good thing in that it will spur Indonesia`s aviation industry to improve its services, Vice President Jusuf Kalla said here on Friday.

Fri, 25 Jul 2008 16:29 GMT+07:00

Customs office earns Rp42.36 trillion in 1st semester of 2008

The Customs and Excise Office (DJBC) earned Rp42.36 trillion in state revenue in the first semester of 2008, or about 56.71 percent of its revenue target at Rp74.70 trillion this year, a DJBC official said.

Fri, 25 Jul 2008 15:10 GMT+07:00

EU flight ban could be `politically motivated` - Indonesia official

The European Union's decision to extend a flight ban on all Indonesian airlines for safety reasons could be politically motivated, a foreign ministry spokesman said Friday.

Fri, 25 Jul 2008 14:15 GMT+07:00

Lampung to hold 18th Krakatoa Festival 2008

Lampung`s provincial tourism and cultural office is to organize the 18th Krakatoa Festival from August 23 to 31, 2008.

Fri, 25 Jul 2008 13:45 GMT+07:00

IPB and JICA to hold seminar on coastal fishery development

The Bogor Institute of Agriculture (IPB), Japan International Cooperation Agency (JICA), and the Tokyo University of Marine Science and Technology, will jointly organize an international seminar on environmentally friendly coastal fishery development, in Bogor on Saturday (July 26).

Fri, 25 Jul 2008 13:05 GMT+07:00

Emaar to realize investment in Lombok tourism project

Emaar Properties, the Dubai-based Public Joint Stock Company and one of the world`s largest real estate companies, will in October 2008 realize its investment worth Rp7.5 trillion for the first five-year phase, in West Nusa Tenggara (NTB) Province.

Fri, 25 Jul 2008 12:51 GMT+07:00

Indonesian shares end morning lower after four-day rally

Indonesian shares were lower at the end of morning trading on Friday as investors took profits after the market's four-day rally but gains in energy stocks helped limit the fall in the key index.

Fri, 25 Jul 2008 12:44 GMT+07:00

Indonesian shares lower on profit-taking in early trade after Dow`s fall

Indonesian shares were lower in early trade on Friday as investors locked in profits in stocks that have made significant gains over the past four days, with Wall Street's drop overnight due to weak U.S. housing data undermining sentiment.

Fri, 25 Jul 2008 10:00 GMT+07:00

Oil prices hover at 125 dollars per barrel

World oil prices fell slightly on Thursday but held close to 125 dollars per barrel, as Libya said it would halt fuel supplies to key energy customer Switzerland.

Fri, 25 Jul 2008 09:38 GMT+07:00

Indonesian shares outlook - Lower on profit-taking after Dow`s fall

Indonesian shares are expected to open lower on Friday as Wall Street's overnight tumble will likely encourage investors to lock in profits in select stocks following a four-day rally.

Fri, 25 Jul 2008 09:25 GMT+07:00

EU to maintain Indonesian flight ban

The European Union will maintain a ban on all Indonesian airlines flying into its airspace because of safety concerns, the European Commission said Thursday.

Fri, 25 Jul 2008 09:18 GMT+07:00

Govt urged to ban foreign investment in rubber processing industry

The Union of Indonesian Rubber Companies (Gapkindo) is asking the government to ban foreign investment in the rubber processing industry in the country, a spokesman said.

Fri, 25 Jul 2008 05:14 GMT+07:00

OECD offers closer economic cooperation with RI

The Organization for Economic Cooperation and Development (OECD) has offered to establish closer economic cooperation with Indonesia, an OECD spokesperson said.

Fri, 25 Jul 2008 03:55 GMT+07:00

RI`s exports expected to fall short of target over global slowdown

Indonesia`s non-oil/non-gas exports are expected to grow 8.98 percent this year, falling short of the target of 13.5 percent due to low demand in export destination countries such as the United States, Europe and Japan, an economist said.

Fri, 25 Jul 2008 03:54 GMT+07:00

Banks planning to raise interest rates on time deposits

Domestic banks are planning to raise their interest rates on time deposits following Bank Indonesia (central bank/BI)`s decision to increase its benchmark interest rate by 25 basis points to 8.75 percent recently, a banker said.

Thu, 24 Jul 2008 20:18 GMT+07:00

Rupiah up 5 points to Rp9,130/9,133 per dollar Thursday evening

The rupiah rose five points to Rp9,130/9,133 per dollar in the Jakarta interbank spot market on Thursday evening from Rp9,135/9,142 the day before as investors bought the local unit, a foreign exchange analyst said.

Thu, 24 Jul 2008 20:15 GMT+07:00

Qtel only allowed to buy 8.2 pct of Indosat shares

The Capital Market and Financial Institution Supervisory Board (Bapepam-LK) said Qatar Telecom (QTel) is only allowed to buy a maximum of 8.2 percent of state telecommunications operator Indosat`s shares.

Thu, 24 Jul 2008 17:02 GMT+07:00

Garuda, Korean Air sign MoU on marketing cooperation

Indonesian flag carrier Garuda Indonesia and Korean Air have agreed to cooperate more closely in the marketing of their services.

Thu, 24 Jul 2008 16:55 GMT+07:00

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