BNI profits rise 34% on fee-based income
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-27 00:27:14 -0700 | business-news
Meanwhile, overall operational income was up by 25.7 percent, which was the result of performance improvement, especially in efficiency, credit quality and increasing fee based income, BNI president director Gatot M...BNI's net interest income rose by 22.7 percent to Rp...
Inflation may exceed 6% if fuel prices raised
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-26 20:19:01 -0700 | business-news
The central bank's deputy governor Perry Warjiyo said in Jakarta on Friday that annual inflation would reach 6.29 percent, above the initial target of 5.5 percent, this year if the government raised the fuel price to Rp 6,500 (67 US...
Fuel rethink
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-26 20:19:23 -0700 | business-news
A gas station in Cikini, Central Jakarta, offers Premium subsidized gasoline and Solar diesel fuel for Rp 4,500 (46 US cents) a liter.Government plans to set Premium prices at Rp 4,500 a liter for motorcycles and public vehicles and Rp...
Ayala Land to take over Boulevard's beachfront landbank
Source: Inquirer.net
Ternate :: Indonesia | updated 2013-04-25 23:27:00 -0700 | business-news
Metro Manila through a property deal with Boulevard Holdings Inc., owner of the Puerto Azul complex in Cavite. In a disclosure to the Philippine Stock Exchange on Friday, ALI said it had agreed to acquire certain landholding assets of BHI,...
Honda aims to stay leader in sedan market
Source: The Jakarta Post
Karawang :: Indonesia | updated 2013-04-25 22:34:20 -0700 | business-news
president director Tomoki Uchida said after the launch that although he was aware of the tight competition in the sedan market in Indonesia, Honda was still optimistic that it would be successful with its ninth-generation Accord...Honda has sold 18.5 million...
GM boosts presence in MPV market
Source: The Jakarta Post
Bekasi :: Indonesia | updated 2013-04-25 22:34:13 -0700 | business-news
General Motors Indonesia (GMI) marketing director Yuniadi Haksono Hartono said in Jakarta on Wednesday that the company had invested US$150 million in the new assembly plant, which manufactures its latest multi-purpose vehicle (MPV), the Chevrolet Spin, especially designed for Southeast...
Jakartans welcome dual fuel pricing plan
Source: The Jakarta Post
Kuningan :: Indonesia | updated 2013-04-25 21:38:51 -0700 | business-news
Odoy, 63, of Kemanggisan subdistrict in West Jakarta, who has a car and a motorcycle, said he would accept new fuel prices as long as the supply was sustainable. The price hike may also force some vehicle owners to shift...
New State-owned Enterprise Act for Kiribati
Source: Scoop
Soe :: Indonesia | updated 2013-04-25 20:42:58 -0700 | business-news
The Asian Development Bank (ADB) welcomes the passage yesterday of the State Owned Enterprises (SOE) Act. ADB and the Australian Agency for International Development (AusAID) supported drafting of the legislation, which was prepared following extensive local consultations. "Passing the SOE...
KPK begins Century bailout probe in US
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-25 18:15:32 -0700 | business-news
KPK spokesperson Johan Budi said on Thursday that the investigators on Wednesday (local time) probed former BI director of banking research and regulation, Wimboh Santoso, who currently serves as the Southeast Asia executive director at the IMF, as a witness...
PTBA issues Rp 1.6t dividend
Source: The Jakarta Post
Palembang :: Indonesia | updated 2013-04-25 06:20:03 -0700 | business-news
Rp 1.6t dividend Ansyor Idrus, The Jakarta Post, Palembang Business Thu, April 25 2013, 7:00 PM Publicly-listed coal miner PT Bukit Asam has issued a dividend worth Rp 1.6 trillion (US$164.8 million) or 55 percent of the total Rp 2.9...
Vale Indonesia books US$67.5 million profit in 2012
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-25 00:51:41 -0700 | business-news
Vale Indonesia said in a statement that it produced 21,306 tons of nickel matte in the fourth quarter of 2012, the highest quarterly production recorded since the company began operations. The company's Indonesia spokesperson, Iskandar Siregar, said on Wednesday that...
Not all foreign banks required to operate as PTs: New banking bill
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-24 22:43:43 -0700 | business-news
The clause is likely to apply differently for foreign banks, depending on their business focus. Different treatment will be imposed on foreign banks focusing on wholesale business (corporate loans, infrastructure financing), and for foreign banks focusing on retail business (consumer...
RI urged to seize momentum at APEC
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-24 22:43:31 -0700 | business-news
Summit in Bali by taking a leading role in the talks that will determine the future of the economic grouping, a business advisory says. Indonesia executive director Amin Subekti said Indonesia could take the lead in preparing any draft policies...
Govt to increase subsidized fuel quota, again
Source: The Jakarta Post
Semarang :: Indonesia | updated 2013-04-24 22:43:30 -0700 | business-news
Last year, the government and the House legislators approved the quota for subsidized fuel for 2013 at 46 million kl, a 2 percent increase from last year's quota, while fuel consumption in Indonesia rose 9 percent from 2011 to last...
Bank Jatim expects 20% rise in lending
Source: The Jakarta Post
Jakarta :: Indonesia | updated 2013-04-24 19:35:26 -0700 | business-news
The lender, which mainly operates in East Java province, reported a 13.5 percent increase in lending to Rp 18.8 trillion in the first quarter of the year compared to Rp 16.56 trillion in the same period last year. About 65...
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