Business & Finance

Electricity tariff hike won’t affect inflation target: BI

Friday, March 12th, 2010
The planned increase of electricity tariff in early second half this year will not create a significant impact to drive inflation, the central bank said.

Govt provides Rp 1.53 trillion for import duty exemptions

Friday, March 12th, 2010
The government has allocated up to Rp 1.53 trillion (US$166.8 million) on import duty exemption for 14 industries as part of a stimulus package to achieve economic growth of more than 5.5 percent,

Adhi Karya profits grow 84 percent in 2009

Friday, March 12th, 2010
JAKARTA: State Construction Company PT Adhi Karya booked Rp 150 billion (US$16.3 million) in unaudited net profit last year or a 84 percent increase up from Rp 81.5 billion in 2008, the company's s

CP Prima books Rp 103 billion from asset sales

Friday, March 12th, 2010
JAKARTA: Top shrimp producer PT Central Proteinaprima (CP Prima) has booked fresh funds amounting to Rp 103 billion (US$11.2 million) from the sale of assets of the company's subsidiary PT Central

Indonesia lags behind in agribusiness development

Friday, March 12th, 2010
Indonesia is lagging far behind other Asian countries in agribusiness development, Vice President Boediono said in Jakarta on Friday.

Lenovo says business will focus on mobile Internet

Friday, March 12th, 2010
Lenovo Group expects wireless Internet products to account for up to 80 percent of its sales within five years as it pursues expansion in faster-growing emerging markets, CEO Yang Yuanqing said Fri

Oil hovers above $82 as month-long rally stalls

Friday, March 12th, 2010
Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude demand.

Vice President opens Agrinex International Expo 2010

Friday, March 12th, 2010
Vice President Boediono on Friday morning opened Agrinex International Exhibition 2010 at the Jakarta Convention Center.