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Rupiah Significantly Strengthens To Below Rp10,000

The rupiah significantly strengthened against the US dollar in the Jakarta interbank spot market here on Wednesday morning on high demand for the local currency. Read More »

PLN May Revise Investment Plans

State electricity company PT PLN may have to reconsider its investment plans for 2010 following the House of Representatives’ rejection of the company’s request to raise its production cost margin, from the current 5 percent. Read More »

Financial Sector In Urgent Need of Reform: Sri Mulyani

Governments urgently need to improve the regulatory framework and supervision of the financial sector, a minister says, as loopholes in the financial services industry led to the global economic crisis. Read More »

PGN signs initial LNG contract with EEES

State gas distributor PT Perusahaan Gas Negara (PGN) signed on Monday an initial agreement to purchase up to 5 million metric tons of liquefied natural gas (LNG) per annum from Energy Equity Epic Sengkang Pty Ltd (EEES). Read More »

Indonesia Eyes Market Access to Developed Countries

The completion of the Doha Round meeting in 2010 will provide benefits to Indonesia as there will be market access to developed countries like the USA, Europe, China, and Japan. Read More »

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 »