RI TO BOOST ECONOMIC GROWTH TO 7 PCT IN 2011

Jakarta, Nov 12 (ANTARA) – With Indonesia’s economic growth rate expected to reach 4.3 percent this year, the government is optimistic the figure will have gradually risen to as high as seven percent by 2014. “Indonesia is now intensifying its development and minimizing the impact of the economic crisis. We hope this year economic growth [...]

ENERGY CAN BE A TIME BOMB

Jakarta, Oct 27 (ANTARA) – Indonesia has to prepare a program so that it would not depend too much on other countries for its energy needs in the future.     Once an oil exporting country, Indonesia is now facing the problem of oil reserves depletion. With a daily production of only about 1 million barrels against [...]

GOVT EXPECTED TO FOCUS ON INFRASTRUCTURE OUTSIDE JAVA

Jakarta, Oct 23 (ANTARA) – The government in the past five years has focused its infrastructure development in Java, while infrastructure in disadvantaged regions outside Java has yet to be developed maximally so that people’s prosperity could not yet be developed evenly. 
        Therefore, the next government must give serious attention to the development of infrastructure [...]

STOCKS OF BASIC NECESSARIES ENOUGH FOR FASTING MONTH

Jakarta, Aug 20 (ANTARA) – The government has guaranteed that stocks of basic necessaries are enough for the fasting month which this year will start on Saturday, August 22 , 2009.
“We have enough stocks of basic necessaries and good distribution of the commodities in the run up to the fasting month of Ramadhan,” Bayu Krisnamurthi, [...]

GOVT TO GRADUALLY INCREASE LPG PRICES

Jakarta, Aug 15 (ANTARA) – The government is considering raising the price of liquefied petroleum gas (LPG) in 12-kg cylinders in an effort to cover state-owned oil and gas firm Pertamina’s losses said to amount to about Rp6 trillion per annum. However, the plan to increase the price is unlikely to be carried out until [...]

INDONESIA NEEDS TO STRENGTHEN DOMESTIC ECONOMY

Jakarta, Aug 14 (ANTARA) – Indonesia’s economy should not be trapped by capitalism and neo-liberalism but its development should be oriented to the people and for this purpose the government needs to provide incentives to strengthen the domestic economy, observers say.”The government should not merely make appeals for development of the domestic economy, but it [...]

RI ECONOMY GROWING FASTER THAN EXPECTED

akarta, Aug 11 (ANTARA) – Despite the impact of the global economic crisis, Indonesia’s economy in the second quarter of this year was able to grow at a rate higher than the figure projected by the government.”We initially expected that amid the global economic crisis, our economic growth would reach 3.7 percent only. So, if [...]

RI’S ECONOMIC PROSPECT CAN BE BETTER IN 2010

akarta, Aug 4 (ANTARA) – In line with the world economic recovery, development of the real sector and the potential domestic market, Indonesia’s economic prospect can be better next year provided that the government is able to implement realistic and effective programs, observers say.”If the government is able to implement its economic policies as outlined [...]

BOMB TERROR NOT TO AFFECT ECONOMY SIGNIFICANTLY

Jakarta, July 19 (ANTARA) – The bomb attacks on two international hotels in Jakarta this week are predicted to have no serious impact on the country’s economic activities and investment, except on the tourism industry. Following Friday’s bomb blasts which killed nine people and injured more than 50 others, the government assured that the country’s [...]

BUSINESS COMMUNITY WAITING FOR SBY’S ECONOMIC PROGRAM

Jakarta, July 13 (ANTARA) – Following his landslide victory based on quick counts by several survey institutes in last week’s presidential election, incumbent President Susilo Bambang Yudhoyono (SBY) is now expected by the business community to reveal his next economic programs. “The Indonesian people are waiting for SBY’s first 100-day work programs because they are [...]