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Economic

International Meetings Boost Tourist Arrivals

Many international conferences hosted in Bali have played an important role in the 9 percent boost to the growth rate of foreign visitors. The Bali Tourism Agency recorded as many as 1,492,971 foreign tourists arriving from January to June this year, which shows a 9 percent growth on the figures for the same period last year. Australia continues as the ... Read More »

PTPN X to Expand to China

State plantation company PT Perkebunan Nusantara (PTPN) X said it will expand export market for its tobacco products to China. China is a potential market for cheroots and the Chinese market is open to tobacco products, PTPN X corporate secretary Mochammad Cholidi said here on Thursday. Cholidi said so far the company has exported cheroots mainly to the United States ... Read More »

Pertamina to Build Seven More Gas Stations

Indonesian state oil and gas company PT Pertamina will build seven more gas stations in and around Jakarta this year to support the government`s oil-to-gas conversion program, the company`s gas director, Hari Karyuliarto, said. “The seven gas stations will entirely be financed by Pertamina`s internal cash,” he said here on Tuesday night. The projects including the construction of gas stations ... Read More »

All Wharves Ready to Accommodate Holiday Travelers

All wharves, operated by the state-owned inland waterway transportation service PT ASDP Indonesia Ferry, are ready to accommodate the 2013 Lebaran holiday travelers, official said. “All wharves at the ports are ready to accommodate the travelers and their vehicles with a maximum capacity,” ASDP President Director Danang S Baskoro said here on Wednesday. He noted that ASDP would give better ... Read More »

Indonesia`s Crude Oil Production Averages 834,000 Barrels Per Day

Head of the upstream oil and gas regulating agency (SKK Migas) Rudi Rubiandini predicted that the country`s production of crude oil and condensate will fall short of the target. Rudi said the country`s production of crude oil and condensate is expected to reach only 834,000 barrels per day on the average this year. “Currently, production averages 831,700 barrels per day ... Read More »

Economy in Brief: Ford Opens Largest Dealership in ASEAN

PT Ford Motor Indonesia (FMI) officially launched a new sales and distribution facility in Bekasi, West Java, last week as part of the company’s plan to expand further into the car market in the country. Built on a 4,700-square-meter plot, the new outlet, which consists of showroom facilities and service pits for 14 to 16 vehicles, is the company’s largest ... Read More »

Government and Businessmen Agree to Maintain Growth Momentum

The government and businessmen agreed to keep the momentum of growth so that the economy would remain to be above six percent. “We will maintain the momentum so that the growth would remain above six percent,” Coordinating Minister for Economic Affairs Hatta Rajasa said after a coordination meeting with businessmen here on Friday. For the purpose, efforts would be taken ... Read More »

President Appreciates Achievements in Biology Olympic

President Susilo Bambang Yudhoyono has expressed appreciation for the achievements of Indonesian students at the Biology Olympic in Switzerland. “Good news from Switzerland,” Yudhoyono said, describing it something to be proud of. The Indonesian team grabbed a gold and three silver medals in the 24th Biology Olympic held in Bern from July 14 to 21, 2013. The gold medalist is ... Read More »

Balinese Cuisine Needs Better Tourist Promotion

Bali’s cuisine needs to be more widely promoted in the tourism sector as part of the preservation of the island’s local culture, the Indonesian Tourism Business Association (GIPI) says. The association recently held a workshop and seminar themed “Back To Basics, Traditional Meets Modern” to familiarize various local dishes among tourism practitioners, including students of tourism schools. The event held ... Read More »

President Yudhoyono and First Lady Receive Awards for Batik Development

President Susilo Bambang Yudhoyono and First Lady Ani Yudhoyono have received “kriya pusaka” awards from the Indonesian Batik Foundation for their efforts to develop national batik. “These are tokens of appreciation for their effort to develop batik and local wisdom,” chief of the Indonesian Batik Foundation Yultin Ginandjar Kartasamita said at the opening of national batik show 2013 here on ... Read More »