Wednesday, May 22 2013, 19:48 PM

Business

Foxconn to team up with Erajaya to run RI factory

Foxconn Technology Group, a subsidiary of the world’s largest electronics contract manufacturer Taiwan based Hon Hai Precision Industry Ltd., will…

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  • Intraco expects bullish market

    JAKARTA (JP): PT Intraco Penta, the publicly listed heavy equipment and spare parts distributor, expects a bullish market this year due to growing activity in the country's mining and forestry…

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  • Exporters get break on Batam tax policy

    JAKARTA (JP): Minister of Trade and Industry Yusuf Kalla made clear on Friday that the introduction of value-added tax (VAT) and sales tax on luxury goods on Batam island would…

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  • Debt deal gives momentum to recovery

    JAKARTA (JP): The government must take advantage of the positive ""momentum""resulting from the rescheduling of US$5.8 billion in sovereign debts to speed up the country's economic recovery, according

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  • New electricity rates irrational: Steel makers

    JAKARTA (JP): The federation of steel-related producers said on Thursday most of its 97 active members could be forced to close down their plants ifstate-owned electricity company PLN maintained its…

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  • Ometraco in process of liquidation, lawyer says

    JAKARTA (JP): PT Ometraco Corporation told the Jakarta Commercial Court on Thursday to turn down a bankruptcy petition filed by the Indonesian Bank Restructuring Agency (IBRA) as the company was…

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  • Gaikindo plans first expo in 4 years

    JAKARTA (JP): In a sign of growing confidence in the market, the Association of Indonesian Automotive Industries (Gaikindo) will hold its first car exposition since 1996 in September.

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  • Chiyoda-Mitsubishi wins LNG plant design contract

    JAKARTA (JP): State oil and gas company Pertamina and its American contractor Atlantic Richfield Company (ARCO) awarded the contract to make the blueprint for the Tangguh liquefied natural gas (LNG)…

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  • Danamon to extend Rp 2 trillion for lending

    JAKARTA (JP): Publicly listed Bank Danamon plans to extend some Rp 2 trillion (US$2.68 billion) in new credit during the remainder of the year in a bid to return the…

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  • Bouraq opens new route

    SEMARANG (JP): Private airline operator Bouraq Airlines has opened a directflight from Semarang to Pontianak to benefit from the surge in the number of air passengers from the provincial capital…

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  • BI mulls temporary measures to speed economic recovery

    JAKARTA (JP): Bank Indonesia deputy governor Subarjo Joyosumarto said on Thursday that the central bank was considering to launch temporary measuresto help accelerate the country's economic recovery.

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