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Economic

BEI Index Starts Higher On Regional Market Gains

The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Monday morning opened slightly higher as investors bought small-cap shares following gains in regional stock markets. Read More »

Local Shipbuilders To Benefit From Oil And Gas Sector Needs

The local shipbuilding industry expects its currently idle shipping capacity, which has now reached about 50 percent, to be fully exploited under a new government rule that requires the oil and gas sector to rely on Indonesian vessels for its shipping needs. Read More »

Government Approves Inpex’s POD For Masela Gas Field

The government says it has approved Japan-based Inpex Corporation's plan of development (POD) for the massive Masela gas field in the Arafura Sea, including the company's plan to build a floating liquefied natural gas (LNG) plant. Read More »

Standby Loan Facility May Be Extended to 2011

Indonesia may extend the remaining unused US$4.75 billion in standby loans by a further year to 2011 as the country may not use all the facility for budget financing during 2010, the Finance Ministry says. Read More »

RI Migrant Workers` Remittances Rp100 T Per Year

Some six million Indonesian migrant workers abroad are sending a total of about Rp100 trillion home a year, making them the country`s second largest foreign exchange earner after oil and gas, a manpower official said. Read More »

Indosat Ready to Launch Palapa-D Satellite from China

President Director and Chief Executive Officer of PT Indosat, Tbk, Harry Sasongko, has said that the telecommunication and multimedia company with more than 30 million customers is ready to operate satellite Palapa-D that is scheduled to be launched this afternoon. Read More »