Archive for May, 2008

30.May.2008 PowerPR alert on Indonesia

Friday, 30 May 2008

News Analyst: Indonesia reluctantly quits OPEC
Xinhua – China
Oil production in Indonesia in 2008 was revised down from 1034000 barrels to 926000 barrels per day, far below the quota of 1.3million barrels set by OPEC,

Indonesia pulling out of OPEC because it is no longer a net oil
Jerusalem Post – Israel
Purnomo Yusgiantoro told reporters it did not make sense for Indonesia to be a member of the Organization of Petroleum Exporting Countries when the nation’s

Indonesia fuel price hike necessary to curb poverty: minister
AFP –
The price rise was necessary to save Indonesia’s economy from the swelling cost of its multibillion dollars subsidy scheme on the back of soaring global oil

UPDATE 1-Indonesia Mandiri optimistic on 22 pct loan growth
Reuters India – Mumbai,India
JAKARTA, May 29 (Reuters) – Indonesia’s largest lender, PT Bank Mandiri Tbk BMRI.JK, said on Thursday it was optimistic it will achieve 22 percent loan

Indonesia pulls out of Opec
Aljazeera.net – Qatar
Indonesia has withdrawn from the Organisation of Petroleum Exporting Countries (Opec), citing declining oil reserves and investment.

Putting Indonesia on the filmmaker’s map
Jakarta Post – Jakarta,Indonesia
Former New York casting agent, Deborah Gabinetti, fell in love with Indonesia — Jakarta in fact — almost two decades ago. She sort of bumped into the

IMF maintains GDP growth f’cast for Indonesia
guardian.co.uk – UK
By Gde Anugrah Arka and Muhammad Al Azhari JAKARTA, May 29 (Reuters) – The International Monetary Fund is sticking with its growth forecasts for Indonesia

Indonesia Opera Society to stage ‘La Serva Padrona’
Jakarta Post – Jakarta,Indonesia
The Indonesia Opera Society, led by Erza ST, will put on a performance of Giovanni Pergolesi’s La Serva Padrona at Usmar Ismail Hall in Central Jakarta

Indonesia to quit OPEC
Xinhua – China
JAKARTA, May 29 (Xinhua) — Indonesia will quit the Organization of Petroleum Exporting Countries (OPEC) due to years of declining production and investment

Two years on, Indonesia mud volcano still flowing
Reuters – USA
By Heri Retnowati PORONG, Indonesia (Reuters) – Two years after a mud volcano started erupting on Indonesia’s Java island, thousands of people who lost

 

29.May.2008 PowerPR alert on Indonesia

Thursday, 29 May 2008

Indonesia quits OPEC due to declining oil reserves
The Associated Press –
JAKARTA, Indonesia (AP) — Declining oil reserves and investment have forced Indonesia to quit the Organization of Petroleum Exporting Countries even as

Earthquake rocks eastern Indonesia
Xinhua – China
JAKARTA, May 28 (Xinhua) — A moderate earthquake measuring 5.1 richter scale jolted eastern parts of Indonesia on Wednesday evening, no initial report of

Indonesia to ink its OPEC exit document
The Australian – Sydney,Australia
INDONESIA has formally given notice of its intention to withdraw from the OPEC oil producers’ cartel, as world prices skyrocket and domestic consumers feel

Indonesia’s treasure in safe hands
The Australian – Sydney,Australia
SRI Mulyani Indrawati could be the pin-up girl for the modern Indonesia. In her mid-40s, she is Finance Minister, has already held that demanding portfolio

Indonesia travel warning still on
The Australian – Sydney,Australia
CANBERRA is unlikely to follow Washington’s lead and immediately lift its official travel advice cautioning Australians against visiting Indonesia.

UPDATE 1-Indonesia police tighten net on illegal miners
Reuters India – Mumbai,India
Indonesia is Asia’s largest tin exporter, with main producer China becoming a net importer in 2008 to meet local demand for tin used in electrical solder

Rio Tinto fights Indonesia on nickel land claim
Melbourne Herald Sun – Australia
RIO Tinto – the world’s third-largest mining company – has unveiled a 162 million tonne resource at its Sulawesi nickel project in Indonesia as a legal

Indonesia will pull out of OPEC; it no longer exports oil
USA Today – USA
By Anthony Deutsch, AP Writer JAKARTA, IndonesiaIndonesia is leaving the Organization of Petroleum Exporting Countries because declining production and

Indonesia joins in criticism of Myanmar over Suu Kyi
Reuters India – Mumbai,India
MANILA (Reuters) – Indonesia’s foreign minister chided Myanmar on Wednesday for extending the detention of democracy icon Aung San Suu Kyi,

Indonesia Astra says may miss ‘08 auto sales target
Reuters – USA
JAKARTA, May 28 (Reuters) – Indonesia’s largest automotive distributor, PT Astra International Tbk ASII.JK, may miss its sales target for this year amid

28.May.2008 PowerPR alert on Indonesia

Wednesday, 28 May 2008

Time for Goldman to Add Indonesia to the BRICs
Bloomberg – USA
“I was shocked a few years back to see that Indonesia was not a BRIC,” Lutfi said on May 22 at a EuroMoney conference in Bali. “It should be.

Indonesia VP sees economic growth at 8-9 pct in ‘10
Reuters India – Mumbai,India
JAKARTA, May 27 (Reuters) – Indonesia’s economic growth could touch 8-9 percent in 2010 from 6.4 percent forecast in the state budget this year spurred in

Rio Tinto sues Indonesia regional govt over mine permit
Reuters – USA
Rio Tinto and the government were close to an agreement after two sticking points — taxation and compensation Rio Tinto should pay Indonesia’s forestry

Indonesia fuel price hike positive for govt budget but crude price
Hemscott – London,UK
Indonesia hiked the cost of domestic fuel by an average 28.7 percent last weekend, effective May 24, in response to soaring global oil prices and a

ANU academic backs Indonesia report
ABC Online – Australia
A political expert has backed the findings of a report that says Australians have false perceptions of the support in Indonesia for radical Islamist agendas

Indonesia signs oil and gas contracts worth $201 million with Eni
Forbes – NY,USA
JAKARTA (Thomson Financial) – Indonesia’s upstream oil and gas regulator BP Migas said Tuesday it has signed five production-sharing contracts (PSCs) with a

World needs to see Indonesia as normal country-report
Reuters – USA
By James Grubel CANBERRA, May 27 (Reuters) – The world needs to update its image of Indonesia and start treating it as a “normal” country,

Indonesia urges junta to free Suu Kyi
NEWS.com.au – Australia
Despite a bedrock policy of non-interference in each other’s domestic affairs, some ASEAN members – including Indonesia, Malaysia and the Philippines – have

Indonesia’s Megawati wants ‘cool boyfriend’ for poll bid: report
AFP –
Megawati, the daughter of Indonesia’s founding president Sukarno, has yet to decide on a running mate to take on an already crowded field.

8 missing after small ship sunk in Indonesia
Xinhua – China
missing after a small fishing ship sunk in the waters off Brebes town of Central Java province in Indonesia since Monday, rescue team said on Tuesday.

27.May.2008 PowerPR alert on Indonesia

Tuesday, 27 May 2008

Indonesian Govt stands by fuel price hike
ABC Online – Australia
By Indonesia correspondent Geoff Thompson Indonesian President Susilo Bambang Yudhoyono has defended a hike in the nation’s fuel price, maintaining that it

Indonesia has changed, and so must our attitude to it
The Age – Melbourne,Victoria,Australia
AUSTRALIA needs to update the way it thinks about Indonesia. Almost 10 years to the day since the fall of Suharto, it is time to start thinking of Indonesia

Indonesia braces for petrol riots
The Australian – Sydney,Australia
In the face of severe economic pain, Indonesia is considering withdrawing from the OPEC oil producers’ cartel, as it has in recent years become a net oil

UPDATE 1-Indonesia says no follow up from Essar on Krakatau
Reuters – USA
JAKARTA, May 26 (Reuters) – India’s Essar Steel Ltd has not followed up on its interest in buying a stake in Indonesia’s biggest steel firm,

Indonesia GDP growth can reach 6.9% in 2009
Xinhua – China
JAKARTA, May 26 (Xinhua) — Indonesia’s economic growth may reach up to 6.9 percent next year on the back of improving investment climate and stable local

Indonesia welcomes Suleiman’s election as Lebanon president
Xinhua – China
Dino said Indonesia had good relations with General Suleiman, as expressed in the sending of 850 Indonesian military personnel to join the United Nations

UPDATE 1-Indonesia to offer $19 billion projects – president
Reuters India – Mumbai,India
By Muhamad Al Azhari and Adriana Nina Kusuma JAKARTA, May 26 (Reuters) – Indonesia will offer projects worth about $19 billion, mostly in the infrastructure

UPDATE 1-Indonesia’s Bumi raises bid for Herald Resources
Reuters – USA
Bumi is Indonesia’s largest coal producer and part of the country’s politically well-connected Bakrie group. The family of Aburizal Bakrie,

RPT-Indonesia leader says fuel price hike inevitable
Reuters UK – UK
Indonesia raised fuel prices by almost 30 percent on Saturday, sparking angry protests in a country where millions are already feeling the brunt of the

UPDATE 1-RESEARCH ALERT-Merrill cuts Indonesia’s Bumi to sell
Reuters India – Mumbai,India
Indonesia is the world’s largest thermal coal exporter and miners in the country have been performing well due to high coal prices, strong demand from China

26.May.2008 PowerPR alert on Indonesia

Monday, 26 May 2008

Australian attorney general attend “Friends of Indonesia” party
Antara – Antara,Indonesia
The house of the host, who happened to be a lawyer and said he loved Indonesia at first sight when he first visited Bali in 1983, was also packed with

Asian nations give in to rising fuel prices
International Herald Tribune – France
Seeking to limit mounting losses at state-owned oil retailers, the two countries announced their steps a day after Indonesia raised fuel prices.

US lifts travel warning imposed on Indonesia following terrorist
International Herald Tribune – France
AP JAKARTA, Indonesia: The United States lifted a travel warning placed on Indonesia following a string of deadly terrorist attacks, saying the security

Indonesia holding out for bird flu vaccine deal
New Scientist (subscription) – UK
Indonesia is still digging in its heels over access to the most recent strains of the H5N1 flu virus. Hit by most of the recent human cases of H5N1,

US lifts travel warning for Indonesia
ABC Online – Australia
By Jakarta correspondent Geoff Thompson The United States has lifted its warning against travel in Indonesia for the first time since the year 2000 when

UPDATE 1-US says lifts travel warning for Indonesia
Reuters – USA
JAKARTA, May 25 (Reuters) – The US State Department has lifted its travel warning for Indonesia, the US ambassador in Jakarta said on Sunday,

US lifts travel warning for Indonesia–embassy
Inquirer.net – Philippines
JAKARTA–The United States has lifted a travel warning for Indonesia issued more than seven years ago, saying there had been “objective improvements” in the

US says lifts travel warning for Indonesia
Reuters – USA
JAKARTA (Reuters) – The US State Department has lifted its travel warning for Indonesia, the US ambassador in Jakarta said on Sunday, reflecting improved

US lifts travel warning on Indonesia
The Associated Press –
JAKARTA, Indonesia (AP) — The United States says it has lifted a travel warning placed on Indonesia following a string of terrorist attacks.

East Timor Expects Stability in 5 to 10 Years, Ramos-Horta Says
Bloomberg – USA
East Timor voted to end Indonesia’s occupation in a 1999 referendum. The former Portuguese colony, which borders part of Indonesia on an island about 500

 

23.May.2008 PowerPR alert on Indonesia

Friday, 23 May 2008
Indonesia Astra Agro sees palm ouput above 1 mln tonnes
Reuters India – Mumbai,India
JAKARTA, May 22 (Reuters) – Indonesia’s largest listed plantation firm, PT Astra Agro Lestari Tbk AALI.JK, expects to produce more than 1 million tonnes of
 
Indonesia to lift gasoline price by 33 pct -minister
Reuters India – Mumbai,India
JAKARTA, May 22 (Reuters) – Indonesia plans to increase the price of subsidised gasoline by 33 percent and diesel oil by 27.9 percent, as part of government
 
DEALTALK-Patience running out for Excelcom Indonesia tower sale
Reuters – USA
The auction highlights both the opportunities and the pitfalls associated with investing in Indonesia — a big, fast-growing country with an unpredictable

Inpex sees higher Timor Sea gas reserves-Indonesia
Reuters – USA
The chairman of Indonesia’s energy watchdog, BPMIGAS, said he had met officials from INPEX last week, but the Japanese energy explorer had not yet submited
 
Trials starts in Koba Tin mining case in Indonesia
Reuters – USA
SUNGAI LIAT, Indonesia, May 22 (Reuters) – Two sub-contractors deliberately sold illegally mined tin ore to Indonesia’s second-biggest tin smelter,

UPDATE 1-Indonesia’s 2008 inflation may top 12 pct y/yc.bank
Reuters India – Mumbai,India
By Adriana Nina Kusuma JAKARTA, May 22 (Reuters) – Indonesia’s inflation may top 12 percent this year, which might prompt the central bank to hike its
 
Moderate quakes rattle Indonesia’s Sumatra
Inquirer.net – Philippines
JAKARTA — A series of moderate quakes shook the western coast of Indonesia’s Sumatra island on Thursday, but there was no risk of a tsunami,

Kuwait agency to fund Indonesia gas project-paper
Reuters – USA
Newspaper al-Rai said the KIA and Kuwait Investment House had offered to fund a project to turn coal into gas in eastern Indonesia. It quoted an Indonesian
 
Ali Sadikin an inspiration for Indonesia’s younger generation
Jakarta Post – Jakarta,Indonesia
Former Jakarta governor Ali Sadikin, who died Tuesday, is remembered by Indonesia’s youth as a consistent and brave champion of the poor.
 

21.May.2008 PowerPR alert on Indonesia

Wednesday, 21 May 2008

Indonesian ferry with hundreds aboard catches fire
Monsters and Critics.com – USA
It was the latest sea accident in Indonesia in recent years. In late December 2006, a passenger ferry carrying more than 600 passengers capsized in rough
 

Indonesian passenger ferry catches fire
The Associated Press –
JAKARTA, Indonesia (AP) — More than 700 passengers were safely evacuated after an Indonesian ferry caught fire Sunday while nearing its destination on the
Ferry With Over 700 On Board Catches Fire In Indonesia
AHN – USA
Jakarta, Indonesia (AHN) – A ferry boat carrying over 700 crews and passengers caught fire in central Kalimantan, eastern Indonesia on Sunday, there were no
 

Japan’s Tohoku Electric buys Indonesia Tangguh LNG
Reuters UK – UK
Tangguh, in Papua province in eastern Indonesia, is due to produce 7.6 million tonnes of LNG a year from two trains. Operator BP Plc (BP.
ETimor marks sixth birthday with pomp and mourning
AFP –
The hacienda-style government palace on Dili’s waterfront was bedecked with international flags — including those of former occupiers Indonesia and
 

Indonesia Warm-Up For Bayern Match With Win
Goal.com – Switzerland
A 3-0 win over local team PSAU in a recent friendly has failed to bring a smile to Indonesia national coach Benny Dollo ahead of the team’s much-anticipated
 

Esperance grain shipment delayed to Indonesia
ABC Online – Australia
The shipment of a new type of quality-assured traceable grain from Esperance to Indonesia has been delayed. Cooperative Bulk Handling (CBH) says it will be
Shallow quake hits Indonesia’s Sumatra island
Reuters – USA
JAKARTA, May 19 (Reuters) – An earthquake struck Indonesia’s Sumatra island on Monday, a meteorology official said, and while there was no tsunami alert
 

Alliance Tuna buys cannery in Indonesia
Inquirer.net – Philippines
MANILA, Philippines—Alliance Tuna International Inc. has formed a subsidiary in Indonesia, called PT International Alliance Foods Indonesia.
 

‘Ambalat dispute will not go to ICJ’
New Straits Times – Persekutuan,Malaysia
SEREMBAN: Malaysia and Indonesia will not refer their dispute over the Ambalat (petrol-eum exploration) block in the Sulawesi Sea near Borneo to the

21.May.2008 PowerPR alert on Indonesia

Wednesday, 21 May 2008

Indonesian ferry with hundreds aboard catches fire
Monsters and Critics.com – USA
It was the latest sea accident in Indonesia in recent years. In late December 2006, a passenger ferry carrying more than 600 passengers capsized in rough

Indonesian passenger ferry catches fire
The Associated Press –
JAKARTA, Indonesia (AP) — More than 700 passengers were safely evacuated after an Indonesian ferry caught fire Sunday while nearing its destination on the

Ferry With Over 700 On Board Catches Fire In Indonesia
AHN – USA
Jakarta, Indonesia (AHN) – A ferry boat carrying over 700 crews and passengers caught fire in central Kalimantan, eastern Indonesia on Sunday, there were no

Japan’s Tohoku Electric buys Indonesia Tangguh LNG
Reuters UK – UK
Tangguh, in Papua province in eastern Indonesia, is due to produce 7.6 million tonnes of LNG a year from two trains. Operator BP Plc (BP.

ETimor marks sixth birthday with pomp and mourning
AFP –
The hacienda-style government palace on Dili’s waterfront was bedecked with international flags — including those of former occupiers Indonesia and

Indonesia Warm-Up For Bayern Match With Win
Goal.com – Switzerland
A 3-0 win over local team PSAU in a recent friendly has failed to bring a smile to Indonesia national coach Benny Dollo ahead of the team’s much-anticipated

Esperance grain shipment delayed to Indonesia
ABC Online – Australia
The shipment of a new type of quality-assured traceable grain from Esperance to Indonesia has been delayed. Cooperative Bulk Handling (CBH) says it will be

Shallow quake hits Indonesia’s Sumatra island
Reuters – USA
JAKARTA, May 19 (Reuters) – An earthquake struck Indonesia’s Sumatra island on Monday, a meteorology official said, and while there was no tsunami alert

Alliance Tuna buys cannery in Indonesia
Inquirer.net – Philippines
MANILA, Philippines—Alliance Tuna International Inc. has formed a subsidiary in Indonesia, called PT International Alliance Foods Indonesia.

‘Ambalat dispute will not go to ICJ’
New Straits Times – Persekutuan,Malaysia
SEREMBAN: Malaysia and Indonesia will not refer their dispute over the Ambalat (petrol-eum exploration) block in the Sulawesi Sea near Borneo to the

19.May.2008 PowerPR alert on Indonesia

Monday, 19 May 2008

Indonesia limits fuel purchases ahead of price rise: report
AFP –
JAKARTA (AFP) — Indonesia’s oil and gas company Pertamina has set limits on subsidised fuel purchases ahead of the government’s plans to hike fuel prices,

China beat Indonesia 3-0 to retain Uber Cup
Reuters India – Mumbai,India
By Ahmad Pathoni JAKARTA (Reuters) – China beat hosts Indonesia 3-0 on Saturday to win the Uber Cup women’s team tournament for the sixth time in a row.

Shattered Dream, Fans Mourn Indonesia’s Thomas Cup Defeat
Bernama – Kuala Lumpur,Malaysia
By Mohd Nasir Yusoff That is how Indonesia’s hope for a glorious Thomas Cup campaign ended when South Korea handed them a crushing 0-3 defeat in the

Indonesia to buy LPG from US company
Xinhua – China
JAKARTA, May 17 (Xinhua) — Indonesia’s oil and gas company Pertamina Inc. plans to buy 40000 tons of liquefied petroleum gas(LPG) from US-based

Lam wins in Indonesia; RP’s Que second
ABS CBN News – Philippines
JAKARTA – Singapore’s Lam Chih Bing produced a gutsy performance Saturday to win the inaugural Mercedes-Benz Masters Indonesia at Emeralda Golf and Country

 

15.May.2008 PowerPR alert on Indonesia

Thursday, 15 May 2008

NEC signs contract with Indosat to bridge Indonesia and Singapore
Telecom Paper (subscription) – Houten,Netherlands
NEC has signed a turnkey contract with Indosat in Indonesia for the supply of a submarine cable system to the “Jakabare” project linking Indonesia and

From Albania to Indonesia, 11 world leaders all stay in one
Ha’aretz – Tel Aviv,Israel
By TheMarker US President George W. Bush, former British prime minister Tony Blair and media mogul Rupert Murdoch are among the 13 heads of state,

Protests spread in Indonesia against fuel price increases
International Herald Tribune – France
AP JAKARTA, Indonesia: Students angry over impending fuel price increases protested across Indonesia on Tuesday, showing the risks for the government as it

Indonesian shares end morning higher on Dow’s rise, oil price drop
Forbes – NY,USA
Indonesia still subsidizes the prices of premium gasoline and diesel oil for transportation, and kerosene for household use. World oil prices were trading

US naval ship arrives in Jakarta on goodwill mission
Jakarta Post – Jakarta,Indonesia
The US Seventh Fleet’s command ship USS Blue Ridge arrived at Jakarta’s Tanjung Priok Port on Monday on a goodwill mission and to boost US and Indonesia

Indonesia tops Group D to reach quarterfinals
Jakarta Post – Jakarta,Indonesia
Indonesia’s two top players, Sony Dwi Kuncoro and Taufik Hidayat, made amends for their shock defeat on the opening day, with both winning their matches in

Maria Kristin leads Indonesia to Uber victory
Jakarta Post – Jakarta,Indonesia
Maria Kristin raised her performance as Indonesia clinched a 5-0 win over the Netherlands and secured a place in the quarterfinals of the Uber Cup

Indonesia’s Bumi plans $239 mln share buyback
Reuters – USA
JAKARTA, May 13 (Reuters) – Indonesia’s largest coal miner, PT Bumi Resources Tbk BUMI.JK, said on Tuesday it plans to buy back up to $238.97 million in

Duo book ticket to Indonesia
Calcutta Telegraph – Calcutta,India
Indonesia has 5.9 billion tonnes of recoverable coal reserves. Sumatra has roughly two-thirds of the country’s total reserves. Other mines are at Kalimantan

Favorite China, Indonesia score easy victories in Thomas and Uber Cups
International Herald Tribune – France
AP JAKARTA, Indonesia: China reached the quarterfinals of two badminton championships Monday, beating Canada in the men’s Thomas Cup and Germany in the

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