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BEI Index Closes 25.69 Points Higher
Jakarta - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Friday noon, closed 26.69 points or 0.91 percent higher at 2,953.55.
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Anies Baswedan Candidate for World Figure
Rector of Paramadina University Anies Baswedan has been chosen as one of the 20 noted figures who will bring change to the world over the next 20 years by Foresight magazine published in Japan in April.
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1.8 Million New Job Seekers in 2011
Jakarta (ANTARA News) - The National Development Planning Board (Bappenas) predicts 1.8 million people will enter the labor market in 2011.
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USAID Supports MTV EXIT Concert Tour Against Human Trafficking
Jakarta - MTV`s EXIT (End Exploitation and Trafficking) campaign here Monday announced full event details for a nationwide concert tour to raise awareness and increase prevention of human trafficking, a crime that impacts millions of people worldwide.
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House, Government Agree on Assumed Oil Price
Jakarta (ANTARA News) - The House of Representatives (DPR) and the government on Monday agreed on the assumed Indonesia crude price (ICP) of US$80 a barrel in the revised 2010 state budget.
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Religions Can Help Build Bridges to Peace
Putting aside their fundamental differences, most organized religions can help build bridges with the goal of attaining world peace through dialogue based on shared values, eminent Swiss theologian and philosopher Hans Kung says.
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Monday, April 26, 2010
Indonesia to Raise Power Capacity to 15,000 MW
Indonesia aims to increase its electricity capacity to 15,000 megawatts this year to support its economic growth target of 7 percent by 2014, a senior minister says.
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Government Optimistic Food Production Still Rise
Jakarta (ANTARA News) - The Indonesian government is optimistic the country's food production will keep increasing and even believes the country may be able to supply some of the world's food needs, Hatta Radjasa said.
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Wednesday, April 21, 2010
State Revenues Expected to Increase Rp 2.8 Trillion This Year
Jakarta - State revenues are projected to increase Rp2.8 trillion this year following changes in the macro economic assumptions in the state budget as agreed on by the government and the House of Representatives (DPR), a finance ministry official said.
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Indonesian Vehicle Sales Soar in Q1 as Economy Improves
Vehicle sales surged during the first quarter of 2010, rising 73 percent from the same quarter last year, as the economic recovery gained momentum and consumers and businesses found themselves with more money and improved confidence in the future.
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President Opens "INACRAFT 2010" in Bali
Tampak Siring, Bali - President Susilo Bambang Yudhoyono officially opened the 12th Jakarta International Handicraft Trade Fair (Inacraft 2010) at Tampak Siring Palace here on Wednesday.
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SBY Sets Ambitious Economic Targets
President Susilo Bambang Yudhoyono announced ambitious targets for his economic plan on Monday and then turned to the major stakeholders assembled for a retreat in this hill village in Bali to draw up a roadmap to achieve the goals.
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RI to Sell Additional Rp 2 Trillion of Bonds
The government plans to sell an additional Rp 2 trillion (US$222 million) of bonds this year, a Finance Ministry official said, as the 2010 budget deficit may widen 32.46 percent to Rp 129.82 trillion.
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President Sets Government Targets for 2014
Tampak Siring, Bali - President Susilo Bambang Yudhoyono has set a number of targets in the economic, social welfare and other fields the government intends to achieve at the end of his five-year term in 2014.
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Monday, April 19, 2010
Insight: Investing in Indonesia: The time is now
Once again Americans are looking at Indonesia as an investment destination. Boasting a 4.5 percent growth rate last year and expected to grow by 5.5-6 percent in 2010, Indonesia is reaping the rewards of good economic policy and responsible debt management. Earlier this month, the Organization for Economic Cooperation and Development (OECD) upgraded Indonesia's country risk classification to level four. This will allow the US Export-Import Bank (Ex-Im) and other lenders to lower their exposure fees by 20-25 percent, significantly reducing the cost of borrowing.
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Indonesia the Biggest Fish Producer in the World by 2015
Indonesia is targeting to become the biggest fish producer in the world by 2015. The Director General of Business and Investment of the Department of Fisheries and Maritime, Viktor Nikijulu, said he is optimistic that the target will be realized with the development of fish products in Indonesia.
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RI, US Begin Airlift Exercise
Jakarta (ANTARA News) - The Indonesian and US air forces began a five-day tactical airlift exercise code-named Cope West 10 at the city`s Halim Perdanakusuma air base on Monday.
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Government to Continue Improving People's Welfare Programs
Tampak Siring, Bali (ANTARA News) - The government will continue to improve its social and people's welfare programs to eliminate prosperity gaps in society as called for in the Millennium Development Goals (MDGs), President Susilo Bambang Yudhoyono said.
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RI Economic Growth Can Reach 6 Percent: Economists
The growth of Indonesian's gross domestic product (GDP) can reach 6 percent, or above the government's target of 5.5 percent, this year if there is a little improvement in exports and consumer spending, says a senior economist.
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UNFCCC Plans to Discuss Substances of Copenhagen Accord
Jakarta - Developing countries grouped in the United Nations Framework Convention on Climate Change (UNFCCC) have agreed to discuss several substances of climate change issues put in the Copenhagen Accord, an official said.
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More Tourists Now Visiting Raja Ampat
Denpasar - More tourists are now interested in visiting the Raja Ampat marine resort in West Papua Province, particularly for diving, a local official said.
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Website for Women in Politics Launched in Indonesia
The International Knowledge Network of Women in Politics (iKNOW Politics) launched its website, iknowpolitics.org, in Indonesia on Thursday to provide a forum for women to learn about politics from other countries' experiences.
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RI Better Prepared for Public-Private Partnerships
Indonesia is now better prepared for a public-private partnership (PPP) scheme to develop infrastructure in the country, admitting that such a scheme often failed in the past, a senior minister says.
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Thursday, April 15, 2010
OPIC Signs New Investment Agreement With Indonesia
Jakarta - The ability of American companies to invest in Indonesia - the world's fourth most-populous country - through the support of the Overseas Private Investment Corporation (OPIC) was improved in Wednesday by the conclusion of an agreement between the two countries.
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Government Offer 42 Infrastructure Projects
Jakarta: Public Works Department said the government is offering 42 infrastructure projects to foreign investors. Thirty of the projects are toll road construction, 10 water projects, and two waste and sanitation projects.
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BI: Credit Grew 12.6 Pct Until April 9
Jakarta - Credit grew by 12,3 percent until April 9, 2010 or Rp157,4 trillion compared with the same period last year, a central bank (BI) official said here on Wednesday.
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ASEAN+3 Backs Firms with $700 M Credit Guarantee
The Asian Development Bank (ADB) and ASEAN+3 nations have established a joint credit facility worth US$700 million to guarantee corporate bonds issued by firms in the region, the bank said in a statement issued Tuesday.
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Forum Kicks Off, $5B Worth of Projects on Offer
Asia's premier infrastructure forum, Infrastructure Asia 2010, kicked off in Jakarta on Wednesday with the host country, Indonesia, showcasing projects worth US$5 billion under its public-private partnership (PPP) scheme.
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Tuesday, April 13, 2010
U.S., Indonesia Sign Investment Financing Agreement
The United States and Indonesia signed an agreement on Tuesday paving the way for increased U.S. investment in Southeast Asia's largest economy and the world's fourth most populous country.
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Friday, April 9, 2010
RI to Host World Movement For Democracy Forum
Jakarta - Indonesia will host the 6th World Movement for Democracy (WMD) Forum which is to be attended by hundreds of democracy activists from around the world on April 11-14, 2010.
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RI Invited to Entrepreneurs Summit in US
Jakarta - The United States is to host a Presidential Summit on Entrepreneurship at the Ronald Reagan building in Washington DC on April 26-27 to which Indonesia has also been invited.
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OECD Upgrades RI's CRC to Level 4
Jakarta (ANTARA News) - The Organization for Economic Cooperation and Development (OECD) has upgraded Indonesia`s country risk classification (CRC) to level 4 from level 5 since April 2.
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Thursday, April 8, 2010
RI, USAID to Organize Education Reform Confab
Jakarta - The Indonesian government and the United States Agency for International Development (USAID) will organize an educational reform conference expected to yield recommendations on the future development of the education sector.
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March Non-Oil/Non-Gas Exports Expected to Exceed US$9 Billion
Jakarta - Indonesia`s non-oil/non-gas export earnings in March are expected to exceed US$9 billion or remain at the same level as in the preceding two months, given the improved world trade conditions, Deputy Trade Minister Mahendra Siregar said.
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Analysis: Indonesia on Track to Lift Rates by 3Q10
The Indonesian central bank, Bank Indonesia (BI), left rates unaltered at 6.5 percent when the board of governors met on 6 April. This is in line with our expectation given March's slight deflation and bank credit growth still weaker than the authorities would like to see.
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ASEAN to Back Development, Climate Change
President Susilo Bambang Yudhoyono is leaving for Hanoi on Wednesday to attend the 16th ASEAN Summit, and is expected to sign new ASEAN agreements on sustainable development and climate change.
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Another 62 People Injured in Simeulue Earthquake
Banda Aceh (ANTARA News) - Some 62 people in two areas in Simeulue district namely Gunung Putih and Teupah Selatan were injured due to an earthquake measuring 7,2 on the Richter scale which struck the area earlier in the day.
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Tuesday, April 6, 2010
VP to Visit US for Nuclear Summit
President Susilo Bambang Yudhoyono has assigned Vice President Boediono to attend a key nuclear security meeting in Washington next week.
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RI's Economic Growth Can Be Over 5.5 Pct
Jakarta - Indonesia's economic growth in 2010 can exceed the target at 5.5 percent, economic observer of the Institute for Development of Economics and Finance (Indef) M Fadhil Hasan said.
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Many Reasons to Vote for Komodo Island
Jakarta - As many people around the globe know, there is only one place on earth where one can still see live specimens of a prehistoric reptile, the Komodo dragon (Varanus Komodoensis). The place is a Komodo Island in eastern Indonesia.
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RI to Focus on Myanmar Elections at Summit
Indonesia will highlight the progress made in Myanmar's reforms and the implementation of ASEAN blueprints on economic, political, security and sociocultural issues at the 16th ASEAN Summit in Vietnam this week, the Foreign Ministry says.
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Monday, April 5, 2010
Government Offers 35 Oil and Gas Contracts
The government is planning to offer new oil and gas contracts this year targeting to strike 35 deals mostly for blocks in eastern part of the country.
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RI Exporters Yet to Adapt to ACFTA
The free trade agreement between ASEAN and China (ACFTA) has been cited as not being been "effective" for Indonesia as imports from China surged in the first two months of 2010 over the same period last year.
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Indonesia: Embracing the Growth of Islamic Finance
Indonesia is seeking to further develop its Islamic banking sector, looking to tap into the growing market for sharia-compliant financial instruments, though it still has some way to go before being able to match the major players in the segment.
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Nugroho Wisnumurti Appointed WTO Panel Member
London - The appointment of Indonesian Ambassador Nugroho Wisnumurti as member of the panel of judges in charge of making a decision on trade conflict in the World Trade Organization (WTO) between China and the United States, the European Union and Mexico, is a history for Indonesia.
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Thursday, April 1, 2010
Indonesia Stocks Near Record High
Indonesia stocks approached a record high on Thursday after inflation data stoked expectations the central bank will keep its interest rate at a record-low next week, while Thai stocks hit a fresh 22-month high.
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Indonesia Constantly Encouraging Doha Round
London (ANTARA News) - Indonesian Ambassador/Deputy Permanent Representative to the World Trade Organization Erwidodo said the completion of the Doha Round negotiations needs to be encouraged by intensifying the technical discussions in Geneva or through ministerial political negotiations.
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RI to Set Reference for Commodities
Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establishment of a privately owned Indonesia Commodity and Derivatives Exchange (ICDX).
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Kadin Urges Government to Reduce Power of Tax Office
The Indonesian Chamber of Commerce and Industry (Kadin) urges the government to separate the tax office from tax regulatory authorities and to examine tax complaints so as to improve the country's taxation system.
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Wednesday, March 31, 2010
$1.6 Million in Grants for Geothermal Projects
The US Trade and Development Agency (USTDA) has committed US$1.6 million in grants for feasibility studies for two private geothermal projects in West Java and Halmahera.
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United Nations to Help Fund REDD Program
TEMPO Interactive, Jakarta: The Department of Forestry and the United Nations (UN) agreed to a collaborate on a joint Reduction of Emissions from Deforestation and Degradation (REDD) project valued at US$ 5.6 million.
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IDX Posts 47 Percent Profit Rise
The Indonesia Stock Exchange reported a 47 percent net profit rise last year from rising unrealized gains from the stock market and interest income despite lower operating income.
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RI New Horizon for Plant Relocation from China
Indonesia is now one of the "new horizons" for foreign companies in China planning to relocate plants inland or outside the country because of rising labor and logistics costs, a survey by the American Chamber of Commerce in Shanghai showed.
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RI, UN Launch Joint Effort to Curb Deforestation
Jakarta - Indonesia`s Forestry Ministry and the United Nations launched a UN Collaborative Program on Reducing Emissions from Deforestation and Forest Degradation (UN-REDD) with a kick-off workshop opened by Forestry Minister Zulkifli Hasan.
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No Indonesian Among Moscow Blasts' Victims
Jakarta - No Indonesian was among the victims of the two deadly suicide bombings that happened on the Moscow subway and a station blow the secret police`s headquarters during rush hours on Monday.
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Government Raises Excise Receipt Target For 2010
Jakarta - The government has revised upward the target of excise receipts for 2010 to Rp58.2 trillion from Rp57.2 trillion following a plan to raise liquor excise by up to 200 percent as of April 1.
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Logistics SOEs Target Rp1 Trillion in Profits
TEMPO Interactive, Bandung: The State-owned Enterprises (SOE) Department is targeting three SOEs in the logistics and tourism sectors, which are PT Angkasa Pura II, PT Garuda Indonesia, and PT Jasa Marga, to each obtain a profit of Rp1 trillion this year.
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Monday, March 29, 2010
RI, US Sign Science, Technology Cooperation Deal
Indonesia and the United States signed on Monday a cooperation agreement in the fields of science and technology, paving the way for an exchange of information, ideas, knowledge and skills between scientists of the two countries.
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RI Insists on Bid to Chair UN Climate Body
Indonesia will announce its candidate to contest the United Nations Framework Convention on Climate Change (UNFCCC) top post next week, but three of four names tipped to chair the position at the international body refused to be nominated.
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China Urged to Back Joint Ventures in RI
Indonesia is urging China to invest here instead of mainly being a trader, and to back a "win-win solution" in the implementation of the free trade agreement between ASEAN and China (ACFTA).
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Analysis: The Jakarta Office Market: Full Recovery Ahead?
The impact of the financial crisis that struck the global economy in mid-2008 has shown some signs of improvement. For those affected economies, the contraction has slowed, owing to the various government stimulus packages that have helped spur domestic demand. For selected Asian economies the impact was muted and their economies continued to post positive growth - even during the crisis.
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Growth Does not Happen by Itself, Says VP
Vice President Boediono has stressed the need to have infrastructure development implemented "without delay" to accelerate economic growth to 7 percent annually, from about 6 percent booked in recent years.
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Thursday, March 25, 2010
Kopasus's Relations With US Remain Good: Commander
Jakarta - The commander of Army's Special Force (Kopassus), Brigadier General Lodewijk Freidrich Paulus, said that Kopassus's relations with the US Special Force have remained good.
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RI's Jump to Investment Grade Rests on Fiscal Reforms: Fitch
Indonesia needs to demonstrate monetary and price stability and to continue with its reform program to raise tax revenues as well as to improve overall economic fundamentals in order to achieve an investment grade debt rating, according to Fitch Ratings.
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Indonesia Secure Place for Investment
Jakarta (ANTARA News) - Vice President Boediono said Indonesia was a secure place for investors to do business because of its relatively conducive political situation.
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Wednesday, March 24, 2010
RI Economy to Expand to 5.6% in 2010, EIU Says
The Economist Intelligence Unit (EIU) forecasts Indonesia's economy to expand 5.6 percent this year and 5.9 percent in 2011, as the country continues to attract global investment interest.
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President to Launch National Strategy for Corruption Eradication
Jakarta, March 24 (ANTARA) - President Susilo Bambang Yudhoyono will soon launch a National Strategy for Corruption Eradication 2010-2015 (STRANAS PK 2010-2015). State Minister for National Development Planning Board/ chairperson for National Development Planning Board (Bappenas) Armida Alisjahbana said at her office here on Wednesday.
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Indonesia Endorses Expansion of EAS
Jakarta has endorsed the expansion of the East Asia Summit (EAS) by welcoming membership for the US and Russia in the 16-strong regional forum.
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US-RI Partnership Likely be Signed Despite Obama Absence
Jakarta will look into the possibility of signing a cooperation agreement with the US before a state visit by President Barack Obama to Indonesia in June following the postponement of his Asia trip, the foreign minister said Friday.
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Indonesia Textile Exports Expected to Grow 12 Pct
Jakarta (ANTARA News) - Indonesia expects its textile and textile product exports to rise by 12 percent to between US$10.5 billion and US$10.6 billion this year after dropping by eight percent last year.
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Maluku's Coral Reefs Guaranteed to Fascinate Tourists
Jakarta - Tourists visiting Maluku will have missed something immensely memorable if they have not seen and marveled at the beauty of the various fish species that live amid the coral reefs of the province's seas.
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Wednesday, March 10, 2010
Indonesia to Win European Market at ITB in Berlin
Berlin - Culture and Tourism Minister Jero Wacik said Indonesia will be trying to win the European market share, especially of German tourists, in the world`s biggest tourism fair, ITB Berlin, at Messe Berlin from March 10 to 14.
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UK Bids for Indonesia Arms Business
The United Kingdom has propose investment in security sector which is banned from foreign investment the Industry Department reported on Wednesday (10/3).
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Sri Mulyani Optimistic on Upgrade of Sovereign Debt
Finance Minister Sri Mulyani Indrawati said Indonesia could achieve a rating of "investment grade" for its sovereign debt within a year, considering the healthy state budget, the country's performance during the global financial crisis and the projection for a strong balance of payments.
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Herbal Cures Touted for Treating Cancer
While herbal remedies have increasingly gained better place in the society here in Indonesia, the use of them in therapy is still welcomed with indifference by medical practitioners, an observer says.
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Tuesday, March 9, 2010
UBS: RI Economy to Expand by 6 Percent in Two Years
Swiss-based bank UBS estimates that Indonesia's economy will expand by 6 percent in the coming two years, leading to a stronger rupiah against the US dollar, UBS economist Edward Teather said Tuesday.
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BI: Q1 Growth to Exceed 5 Pct
Jakarta - Bank Indonesia (the central bank/BI) said on Monday the domestic economy may grow above 5 percent in the first quarter of 2010.
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Monday, March 8, 2010
Strong Corporate Earnings Deliver Big Gain to Indonesian Bourse
The Jakarta Composite Index opened the week on a positive note as it climbed 1.9 percent, its steepest gain in five weeks, backed by strong 2009 earnings reports from several major companies and easing political strife over Bank Century. Analysts expect the rally to continue through the week.
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Foreign Investment Expected to Increase
The government is targeting an increase in direct foreign investment. According to The Investment Coordinating Board (BKPM) chairman Gita Wirjawan, Indonesia has only been able to attract 0.17 percent of total foreign investment in the world.
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Government Allocates Rp 13.7T for Poverty Alleviation
The Indonesian government has prepared Rp 13.7 trillion (US$1.26 billion) in poverty alleviation funding for the Mandiri Community Empowerment National Program (PNPM Mandiri) in an attempt to further reduce the poverty rate this year.
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Friday, March 5, 2010
Indonesia Can Be a Major World Player: Annan
The visiting former UN secretary-general Kofi Annan said that Indonesia, as an emerging economy and the world's third largest democracy, had the potential to be a major influence on other countries in the way it met development and religious challenges.
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The Government Will Revitalize 200 Markets
TEMPO Interactive, Jakarta: The government will revitalize 200 village markets. "The budget used to revitalize these 200 markets is a special allocation budget of Rp100 billion," said Minister of Trade Mari Elka Pangestu at a press conference in the Ministry of Trade working meeting in Jakarta yesterday.
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American Fair in Medan
Banda Aceh (ANTARA News) - The United States embassy, in this case the US Consulate General to Sumatra, will hold an American Fair in Medan, North Sumatra, to better introduce the culture and education in that country.
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Bank Indonesia Keeps Rate at 6.5 Percent
TEMPO Interactive, Jakarta: Bank Indonesia maintained its key interest rate on Thursday (4/3) dodging the projection made by global analyst that south east asian central banks will be the first ones that ready to raise their rates.
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Hassan Touted by Supporters as Best Choice for UN Post
It's two o'clock in the morning on the last day of the climate conference in Bali in December 2007, with weeks of negotiation seemingly nearing a dead end as rich and poor countries failed to reach consensus on key issues.
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RI & Asia Pacific: Well Placed to Face Headwinds Ahead
The economic upswing in the Asia Pacific region has accelerated and inflation has increased. As a result, more central banks have indicated the need for tighter monetary policies ahead. Two days ago, Australia's central bank, following a one-meeting pause, resumed raising interest rates to 4 percent from 3.75 percent previously, reflecting a stronger economy, improved employment and rising housing prices.
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BEI Index Climbs to Nearly 2,600 Points
Jakarta - The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) got off to a strong start and approached the level of 2,600 points here on Wednesday morning.
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BKPM Promoting "Remarkable Indonesia"
Jakarta - Head of Investment Coordinating Board (BKPM) Gita Wirjawan said he will start promoting investment with the slogan of the Indonesian Chamber of Commerce and Industry (Kadin) "Remarkable Indonesia".
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RI Builds Warning System for Food Safety
The government is currently building an early warning system on food safety to ensure that all food products entering the country meet both national and international standards. Chairwoman of the food and drug monitoring agency (BPOM) Kustantinah said in Jakarta on Tuesday that the system would be connected online throughout the archipelago and later to the same systems in ASEAN countries and eventually to the European countries as well.
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RI Delegation Attending CSW Meeting in New York
Jakarta - The Indonesian delegation is attending the 54th session of the Commission on the Status of Women (CSW) which now is being held in New York from March 1 to March 12, 2010, an official said.
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Tuesday, March 2, 2010
Obama, SBY to Discuss Climate Center in Indonesia
President Susilo Bambang Yudhoyono and his United States counterpart President Barack Obama are slated to talk on climate change issues, and aiming to set up the first regional climate center in Indonesia.
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Indonesia to Export Rice in 2010
TEMPO Interactive, Jakarta:Minister of Agriculture Suswono said that this year Indonesia have the opportunity to export rice because, according to data from the Central Statistics Agency (BPS), harvest production this year is increasing.
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Monday, March 1, 2010
President Offers Condolences to Chile
Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has offered his deepest condolences to the government and the people of Chile following the devastating earthquake and tsunami in the Latin American country.
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Indonesian Citizens in Chile are Safe
TEMPO Interactive, Jakarta: All Indonesian citizens residing in Chile have been reported safe from the 8.8-magnitude earthquake which struck the country on Saturday.
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RI Welcomes US Plan to Boost Military Cooperation
Officials have said the US plan to fully resume its military and counterterrorism cooperation with Indonesia showed that the world's biggest economy appreciated what the most populous Muslim majority country has done to reform its military.
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RI to Apply for UN Climate Change Top Position
The government has expressed interest in applying for the UN's climate change top post to replace Yvo de Boer, who will resign by July, just months before climate talks on emission-cut targets.
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Rupiah Strengthens 20 Points Against US Dollar
Jakarta (ANTARA News) - The rupiah strengthened 20 points against the US dollar in the Jakarta interbank spot market here on Monday morning as investors sought as much of the local unit as possible.
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