Jakarta, Oct 27 (ANTARA) – When crude prices in the world market were hovering at US$120 a barrel in May this year, causing fear that it would push up fuel subsidy to more than Rp125 trillion, the government was prompted to raise domestic fuel oil prices by an average of 28.7 percent. The government raised the prices [...]
Filed under: Oil | Tagged: Oil price | Leave a Comment »
Jakarta, Oct 26 (ANTARA) – While calls for investigation into possible irregularities in the Netherlands-based Indonesische Overseas Bank (Indonver) are being raised, the Indonesian government is seeking a 546 million euro bailout for the ailing Bank Indonesia (BI) subsidiary. A court of law in the Netherlands had since October 7 frozen Indover Bank’s operations. The [...]
Filed under: Bank | Tagged: Indover | Leave a Comment »
Jakarta, Oct 26 (ANTARA) – The Attorney General’s Office (AGO) statement on Friday that the Bali bombers on death row Amrozi, Ali Gufron or Mukhlas and Imam Samudra would be executed early next month, did not surprise many. The AGO might be serious in its statement and execution of Amrozi et al might really [...]
Filed under: Terrorism | Tagged: Amrozi | Leave a Comment »
Jakarta, Oct 11 (ANTARA) – The House of Representatives (DPR) and the government have been holding intensive consultations this week to discuss anticipatory measures in the face of the on-going global financial crisis that have forced the Indonesian Stock Exchange (BEI) to close its trading activities since Wednesday. Among the issues the DPR and the government [...]
Filed under: Uncategorized | Tagged: Add new tag, Bank customers | Leave a Comment »
Jakarta, Oct 9 (ANTARA) – The Indonesian government has called on state-owned enterprises (SOEs) to buy back their shares in an effort to restore public confidence in the Indonesian Stock Exchange (BEI) where trading was suspended for two days (Wednesday and Thursday) as a result of the impact of the global [...]
Filed under: Stock Market | Tagged: shares | Leave a Comment »
Jakarta, oct 6 (ANTARA) – As the current global economic turmoil can no longer be responded to with conventional ways, Indonesia must face it by taking concrete and substantial steps such as diversification of export destinations, strengthening the domestic market and reinforcing the agricultural bases in rural areas. “The US$700 billion bailout fund for [...]
Filed under: Indonesia - Economy | Tagged: Financial crisis | Leave a Comment »
Jakarta, Oct 5 (ANTARA) – Observers have warned the government to assure the public of its economic resilience against possible impact of global economic turmoil as a result of the collapse in a number of the United States financial institutions. “The government should keep an eye on the US financial turbulence. It could affect [...]
Filed under: Indonesia - Economy | Tagged: Financial crisis | Leave a Comment »
