Archive for January, 2007

RI athletes for Sea Games to undergo training in China

The Indonesian wushu athletes groomed for the SEA Games in Bangkok next December will undergo a training course in China, a spokesman said.
China was chosen as a training place because its athletes won titles in many wushu contests, general secretary of the local branch of the Indonesian Wushu Association (PBWI), Sudarsono said on Friday.
However, he […]

January 26th, 2007 - Posted in Yogyakarta

Indonesia plans to swap debt on Tuesday

Indonesia plans to swap short-term rupiah-denominated bonds with paper due 2027, part of efforts to ease refinancing risks, the treasury director general at the finance ministry said on Friday.
The debt swap followed strong demand for 20-year bonds in an auction this week — amid expectations of lower interest rates — allowing 20-year bond yields to […]

January 26th, 2007 - Posted in Yogyakarta

US donates protective gear to help Indonesia fight bird flu

US ambassador B. Lynn Pascoe handed over 100,000 sets of protective equipment to help Indonesia in its fight against bird flu, which has killed six people this month.
The gear is part of a 24-million-dollar programme to help Indonesia combat the spread of the deadly virus, which has claimed 63 lives here since the start of […]

January 26th, 2007 - Posted in Yogyakarta

Malaysia, Indonesia floods drive timber prices

Massive flooding in Malaysia and Indonesia, the world’s top exporters of tropical timber, has forced timber prices up sharply, according to a new industry report.
“The incessant rainfall and widespread flooding drove prices for Malaysian timber products sharply up,” the International Tropical Timber Organisation said in its latest newsletter.
“With minimal raw material trickling in, stockists of […]

January 23rd, 2007 - Posted in Yogyakarta

Total to invest six billion in Indonesia oil and gas

French oil giant Total plans to invest another six billion dollars in Indonesia over the next five years, chairman Thierry Desmarest announced as Jakarta said it wanted better terms before extending key oil and gas contracts.
“We plan to continue with many projects and we will increase by six billion dollars our investment in oil and […]

January 23rd, 2007 - Posted in Yogyakarta

Hino launches Euro2 certified product line-up

PT Hino Motors Sales Indonesia, a subsidiary of Indomobil Group, has launched all product line-ups of Euro2 certified trucks and buses here Friday, following the recent launch of the chassis of buses running on compressed natural gas (CNG).
President Director of PT Hino Motors Sales Indonesia Toshiro Mizutani said that his company had made the products […]

January 20th, 2007 - Posted in Yogyakarta

Indonesia BTN mortgage-backed securities seen in ‘07

Indonesia’s first issue of residential mortgage-backed securities since the Asian financial crisis a decade ago is expected this year with a likely amount of 500 billion rupiah ($55.11 million), the sole arranger said on Friday.
The securities would be backed by the rights to collect housing loans extended by Indonesia’s leading housing bank, PT Bank Tabungan […]

January 20th, 2007 - Posted in Yogyakarta

Indonesia begins campaign to clear capital of fowl as bird flu cases spike

Residents handed over hundreds of chickens and other fowl for slaughter Friday as authorities in Indonesia’s capital scrambled to stop the spread of bird flu after a spike in human deaths.
Just meters (yards) away, however, it was easy to find people with no intention of giving up their birds, showing the difficulties ahead for […]

January 20th, 2007 - Posted in Yogyakarta

Nestlé to scrutinize Indonesia coffee amid wildlife-endangerment fears

Nestlé, the food and beverage giant that is under pressure from environmental activists, said that it would increase the scrutiny of its coffee purchases in Indonesia to ensure that it did not buy beans grown illegally in a national park on Sumatra.
Farmers in the Bukit Barisan Selatan reserve, a protected area of the island, are […]

January 20th, 2007 - Posted in Yogyakarta

Govt. bans commercial animal husbandry in residence areas

The government banned Monday that the presence of commercial animal husbandry in residence areas, Elshinta radio station reported.
The decision was made to limit the spreading of bird flu virus, which has claimed four lives in Jakarta last week.
The radio station stated that the government would ask the local government to issue bylaw to implement its […]

January 15th, 2007 - Posted in Yogyakarta

JSX posts biggest weekly loss in five months

Jakarta Stock Index posted Friday the biggest weekly plunge in five months triggered by investors’ selling activities on PT Perusahaan Gas Negara shares due to delays on the opening of its key pipeline.
Jakarta Stock Exchange (JSX) President Director Erry Firmansyah told reporters that the absence of full information from Gas Negara over the pipeline delays […]

January 15th, 2007 - Posted in Yogyakarta

Govt. to offer 30 oil and gas blocks this year

In a bid to bolster oil and gas exploration in the under-explored eastern side of Indonesia, the government will offer 30 new oil and gas blocks in that area this year along with a new package of incentives.
The incentive includes a flexibility for investors for not having an obligation to drill wells at first year […]

January 15th, 2007 - Posted in Yogyakarta