Friday, May 24 2013, 15:56 PM

Business

Krakatau to up stakes in two joint ventures

Publicly listed steel maker PT Krakatau Steel will increase its share ownership in the company’s joint ventures with Korean and…

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  • Airmark's regular services

    JAKARTA (JP): Privately owned airline company PT Airmark Indonesia denied allegations that the airline was still inoperative, saying that it has already started scheduled flights to Lombok and Sumbawa

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  • Government, BI to curb currency speculation

    JAKARTA (JP): The government and Bank Indonesia have agreed to immediately take measures to help reduce pressure on the ailing rupiah, including limiting speculation.

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  • Criteria set for debtors seeking tax relief

    JAKARTA (JP): Chairman of the Jakarta Initiative Task Force (JITF) BaceliusRuru said on Wednesday that companies whose debt restructuring process was mediated through the task force must meet certain

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  • Consortiums eye 49% stake in Soekarno-Hatta

    JAKARTA (JP): Two foreign international airport consortiums are eying a 49 percent stake in Soekarno-Hatta International Airport in Jakarta, an official at the Ministry of Transportation and Communica

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  • KL investor eyes Rp 6 trillion toll road project

    JAKARTA (JP): Malaysia's DRB-Hi Com is considering financing the long delayed construction of the Rp 6 trillion (about US$674 million) worth Jakarta Outer Ring Road (JORR) project, state-owned toll ro

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  • Indonesia to limit number of Chinese tourists

    JAKARTA (JP): Minister of Culture and Tourism I Gede Ardika said on Thursday that Indonesia would limit the flow of tourists from China as the country's tourism ""resources"" were still…

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  • Government says it will maintain control of rice imports

    JAKARTA (JP): The government would continue to control the import of rice despite its commitment to liberalize the rice trade, Coordinating Minister for the Economy Rizal Ramli said here on…

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  • Unocal develops Mahoni

    JAKARTA (JP): American oil and gas company Unocal Indonesia has initiated oil production at its Mahoni field in Balikpapan Bay, East Kalimantan.

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  • Forex reserves rise again

    JAKARTA (JP): Bank Indonesia's foreign exchange reserves rose to US$28.72 billion in the week ended Oct. 31 from $28.33 billion the previous week, according to the latest data issued by…

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  • LPG, lubricant prices hiked

    JAKARTA (JP): State owned oil and gas company Pertamina announced on Thursday that it had raised the price of liquefied petroleum gas (LPG) by 40 percent and the prices of…

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