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Monday, March 31, 2008
President: World Leaders Have Moral Obligation to Prevent Religious Defamation
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that world leaders have a moral obligation to prevent religious or cultural defamation as depicted in the Fitna movie picture.

Indosat's 2007 Profit up 44 pct to Rp2.04 Trillion
Jakarta - Publicly-listed telecommunication operator PT Indosat Tbk last year posted a net profit of Rp2.042 trillion, up 44.8 percent from a year earlier.

Indonesian Steelmaker Set to Launch IPO
Jakarta (ANTARA News/Asia Pulse) - Privatization of the state-owned steel maker PT Krakatau Steel (KS) scheduled later this year will be through initial public offering (IPO) rather than strategic sales, an official said.

Friday, March 28, 2008
GARUDA To Be Privatized Next Year
State Minister for State-owned Enterprises Sofyan Djalil said Friday the national flag carrier Garuda Indonesia would be privatized through an initial public offering (IPO) next year.

Low Interest Rates to Fuel Indonesia's Economic Growth
The slowing global economy has raised concerns that Indonesia's economic expansion may be derailed, but a slowdown has yet to materialize.

RI Reaps $100 million in Grants For Forest Protection
The government has reaped US$100 million cash in grants from the international community to implement forest protection projects in Indonesia in an effort to sink below producing a million tons of carbon emissions per year.

Thursday, March 27, 2008
Yudhoyono to Ask UN to Address Impact of World Oil, Food Price Hikes
Jakarta - President Susilo Bambang Yudhoyono is to ask the United Nations (UN) to take initiatives to deal with the impact of the current surges in world crude oil and food prices which was causing economic difficulties, especially in developing countries.

Apexindo Wins New, Extension Contract Worth 57.7 million usd
Jakarta - Publicly listed PT Apexindo Pratama Duta (Apexindo) has been awarded new and extension contracts on oil rig projects worth US$57.7 million, an executive of Apexindo said.

RI to Host Asian Deposit Insurance Agencies
Jakarta - Indonesia will host the sixth annual meeting and international conference of the Asian regional committee of deposit insurance agencies in Bali on March 27-28, one of the organizers said.

Wednesday, March 26, 2008
Indonesian tops regional survey for recreational shopping
Indonesia , Southeast Asia 's largest economy, has been ranked at the top of a survey of Asian countries for believing shopping is an alternative recreational family activity.

Malaysia's Maybank to acquire Indonesia's sixth largest lender for U.S.$2.7 billion
Malaysia's top lender Maybank said Wednesday it plans to acquire Indonesia's sixth largest bank, Bank Internasional Indonesia, for a total US$2.7 billion s part of an aggressive regional expansion.

Tuesday, March 25, 2008
Public Release of Final Report PK-KKW - Adam Air Flight DHI 574
Today the National Transportation Safety Committee is releasing its final report into the accident involving AdamAir PK-KKW Flight DHI 574 on 1 January 2007.

Government To Set Secure Loans for Shipping Sector
In a bid to expand the country's shipping industry, the government is set to wrap up a loan agreement worth around US$150 million from Japan Bank for International Cooperation (JBIC).

Foreign Minister Hassan Wirayuda Needs Only One Deputy
Magelang, Central Java - Foreign Minister Hassan Wirayuda has said he needed only one deputy to assist him in various tasks related to Indonesia`s diplomacy abroad.

Monday, March 24, 2008
Wirayuda To Propose Candidates For Vice Foreign Minister Soon
Jakarta - Foreign Minister Hassan Wirayuda said he would soon propose the names of candidates for the post of vice foreign minister in accordance with presidential regulations No 20 and No 21/2008 on the new position.

PT Semen Gresik 2007 Earnings Up 37% on Stronger Sales
Jakarta - PT Semen Gresik, Indonesia's largest cement maker by sales volume, said on Monday that its 2007 net profit rose 37 percent from the previous year aided by stronger sales.

Indonesian Plantation Firm to Stage IPO in April
Jakarta - PT Gozco Plantations has said it will sell 1.5 billion shares or 30 per cent of its shares in an initial public offering (IPO) to be held next month.

International Paper to Invest $40 billion in Pulp Factory
A giant U.S.-based paper and pulp company, International Paper, plans to invest more than US$4 billion in a pulp factory and industrial forest.

Friday, March 21 , 2008
Dubai Investors to Invest $3.5 billion to Indonesia
A number of investors from Dubai, the United Arab Emirate (UAE), have expressed commitment to investing US$3.5 billion in Indonesia, President Susilo Bambang Yudhoyono said before concluding his working visit here on Thursday.

RI Resolved to Become Leading Coffee Producer by 2025
The Agriculture Ministry is resolved to make Indonesia a leading prime coffee and coffee product producer in the world by 2025, the ministry`s plantation affairs director, Achmad Mangga Barani, said here Wednesday.

Thursday, March 20 , 2008
TNI Not To Engage in Pratical Politics
The Indonesian National Defense Forces (TNI) will no longer engage in practical politics although a number of retired generals are to take part in elections for political office, a spokesman said.


Wednesday, March 19 , 2008
Indonesian Scientist Wins International Fellowship
An Indonesian woman has been awarded an international fellowship for her science research proposal on processing living cells to create healthcare.

Government To Tender Out Financing of Five Coal-Fired Power Plants
The Finance Ministry will invite local and foreign banks in late March to a tender for the financing of five power plant projects estimated to cost US$2.18 billion, says an official.

The Indonesian Connection With Obama's Sister
The people behind Barack Obama's run for the U.S. presidency include political supporters, friends and his Indonesian sister.

Indonesia's January FDI Approvals Up 19.6% Year on Year
Indonesia's foreign direct investment (FDI) approvals by value in January rose 19.6 percent to 1.40 billion US dollars from 1.17 billion a year earlier, data from the National Investment Coordinating Board (BKPM) showed Wednesday.


Tuesday, March 18 , 2008
Indonesia's United Tractors to Invest US$200 million This Year
Indonesian heavy equipment company PT United Tractors (UT) (JSX:UNTR) said it will spend US$200 million this year, mainly on new equipment.

Mercedes Intending to Make RI Bus Production for Three Regions
German auto maker Mercedes Benz intends to make Indonesia a production base for its buses for markets in Southeast Asia, the Middle East and Africa, a company executive said.


Indonesia's CPO Exports Expected to Reach 13.95 million tons
Indonesia`s crude palm oil (CPO) exports are likely to reach 13.95 million tons this year as a result of an expected 9.6 percent rise in CPO production to 18.30 million tons, according to a World Oil report.


Monday, March 17 , 2008
Indonesia's PT Sampoerna to Invest US$66 million in Expansion
Agribusiness company PT Sampoerna Agro (JSX:SGRO) has said it will invest up to Rp600 billion (US$66 million) this year building new palm oil processing plants and expanding oil palm plantations

TNI to Prepare 90 Personnel to Join UNIFIL
The Indonesian military (TNI) will soon prepare 90 military police personnel to join UN peacekeeping forces in Lebanon.


Friday, March 14 , 2008
Palu To Build Urban Forest Tourist Site, Study Center
Palu city in Central Sulawesi will initiate its urban forestry program on a 500 hectare area in and around the city, says city council chief Mulhanan Tombotutu.

State Airplane Producer DI Wins European Award for Best Supplier
State-owned airplane producer PT Dirgantara Indonesia (DI) received the Best Performance Supplier 2007 award on Tuesday from major Airbus aerostructure supplier Spirit AeroSystems Europe Ltd.


Banten To Offer Investment Opportunities to Fench Businessmen
Banten province will offer investment opportunities in sea port development, road construction and tourism to French businessmen, the chief of Banten`s provincial Investment Coordinating Board (BKPM), Eneng Nurcahyati, said here on Friday.


RI and US Sign Cooperation Agreement on Volcano Monitoring
Jakarta (ANTARA News) - The Indonesian Energy and Mineral Source Ministry and the United States Geological Survey have agreed to establish cooperation in natural disaster monitoring, analysis, early warning and mitigation of volcanoes in North Sulawesi.

Thursday, March 13 , 2008
Texas Pacific Group to Acquire Majority Shares on BPTN
Publicly listed Bank Tabungan Pensiunan Nasional (BTPN) is slated to sell all its non-public shares to a U.S.-based private equity company this week, expecting to raise around US$195 million in proceeds.

RI Welcomes UN Report on Right Defender
Indonesia welcomed Wednesday a report by Hina Jilani, the special representative of the UN secretary general on the situation of human rights defenders, and said the government was strengthening the network of rights defenders as part of the national blueprint on human rights.


Wednesday, March 12 , 2008
Indonesia To Build Four Nuclear Power Plant by 2025
The Indonesian government is planning to build four nuclear power plants (PLTNs) until 2025 to meet domestic demand for electricity,

Indonesian Shares Sharply Higher in Early Trade on Wall Street-led Rebound
Indonesian shares were sharply higher in early trade Wednesday on a technical rebound driven by a strong rally on Wall Street overnight, ending a three-day fall.

Pertamina To Build US$5.6 billion Oil Refinery in Banten This Year
State-owned oil and gas company PT Pertamina, National Iranian Oil Refining and Distribution (NIORD) and Petrofield of Malaysia will soon bring to reality a joint project to build a US$5.6 billion oil refinery in Bojonegoro, Banten.


Tuesday, March 11 , 2008
UNESCO Gives RI Top Marks in Literacy Goal
Indonesia and China are among nine nations with the highest rates of illiteracy in the world, but they could meet the Education for All (EFA)'s adult literacy goal by 2015, UNESCO said.
Indonesia Books $1.34b From Tin Export
Despite a restrictive regulation on tin exports passed last year, Indonesia booked a total of US$1,345 billion from tin exports from the beginning of March 2007 to the end of February this year.
First State Teams Up With Citibank on New Product
A local unit of Australia-based investment management company PT First State Investment Indonesia is teaming up with Citibank to promote its latest mutual fund product, IndoEquity Value Select Fund.
Friday, March 7 , 2008
Indonesia Growth in 2007 Fastest in 11 Years
Indonesia's full-year growth for 2007 clocked in at 6.32 percent, the fastest rate since the country was hit by the Asian financial crisis 11 years ago, official data showed Friday.
Thursday, March 6 , 2008
Bali to Host International Meeting on Illiteracy
Indonesia's Bali Island is set to host next week the seventh E-9 Ministerial Review Meeting on Education for All (EFA), which will focus on the improvement of education and training for teachers in countries where illiteracy is a national problem.
Bill Gates to Visit Indonesia
Microsoft Corp. founder Bill Gates is slated to visit Indonesia to attend the Government Leader Forum in Jakarta on May 8 and 9
Pertamina Set to Sign $2b Deal with Iran
State oil and gas company PT Pertamina will sign an agreement with an Iranian firm to build an oil refinery in Banten with a capacity of 200,000 barrels of oil per day
Thailand's PTT Bids for Tangguh Gas: Official
Upstream oil and gas regulator BPMigas confirmed Wednesday it was currently reviewing a proposal from Thailand 's petroleum authority PTT on the purchase of gas from Tangguh Liquefied Natural Gas (LNG) plant in Papua.
Britain Wants to Increase Investment in RI's Energy Sector
Britain wants to increase its investment in Indonesia`s energy sector and is interested in the possibility of taking part in the development of oil and gas fields in the D-Alpha Block in Natuna waters in Riau Islands province , a minister said.
Wednesday, March 5 , 2008
Bali Police Ready to Secure Holiday
Bali Police have launched a special security operation dubbed Agung I aimed at providing security during Nyepi, the Hindu Day of Silence, which takes place Friday, said a senior police official.
Yoga Day Attracts Young and Old
To celebrate Yoga Day, the BIF organized the island's first-ever yoga competition.
Allianz Premium Income up 77% in 2007
PT Allianz Life Indonesia (ALI) and PT Allianz Utama Indonesia reported Tuesday their combined premium income grew by 77 percent to Rp 3.4 trillion (about US$374 million) last year.
State Airport Operators Post Profits as Fleet Expands
Two state airport operators, which have a duopoly over airports across Indonesia , recorded hefty profits last year on the back of higher revenue from services provided to airlines.

Tuesday, March 4 , 2008
Hindu Hold pre-Nyepi Ritual in Bantul
The ritual began with processions accompanied by Balinese music arriving at the beach from Yogyakarta and surrounding cities. Participants wearing Balinese and Javanese attire brought offerings with them.

Indonesian Stocks Still Attractive, UBS says
PT UBS Securities Indonesia had predicted the composite index for Jakarta stocks will reach 3,050 points by the end of the year, mainly due to robust performance in the consumer and commodity sectors.

Chinese Banks Set to Bids for BII
China 's largest bank, Industrial and Commercial Bank of China (ICBC), and its third largest bank, China Construction Bank (CCB), plan to take over Temasek Holding's shares in Bank Internasional Indonesia.

Monday, March 3 , 2008
Indonesia to consider buying F-16 fighter planes from US
We will consider buying the planes under our procurement plan for 2010-2014," Vice Air Marshal Soenaryo, chief of the Air Force`s Material Maintenance Command, said here Friday.


Japan`s Kobelco Machinery to expand Indonesian Plant
The Kobelco Construction Machinery Co. will relocate and expand its hydraulic shovel factory in Indonesia by October 2008 at a cost of Y500 million ($US4.83 million).


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