Indonesias 2014 budget plan puts GDP growth at 6.4-6.9

MENAFN - Monday 20th May, 2013

(MENAFN) Indonesia's gross domestic product (GDP) growth for 2014 would be between 6.4 percent and 6.9 percent according to the government's proposed budget plan, reported Reuters.The new figure is up from the 6.2-percent estimated by the Finance Ministry earlier.Furthermore, the budget gap would average between 1.7 and 2.3 percent of GDP.As for crude production, the government expects ...

Indonesia into Sudirman cup last 8 after win

Global Times - Monday 20th May, 2013

Former champions Indonesia reached the quarterfinals of the Sudirman Cup on Monday with a comprehensive 4-1 victory over India in Group A.Indonesia have been joined by China, Japan and Denmark in the last eight.Japan crushed Singapore 5-0 on Monday, a result that ensured Denmark also qualified from Group D as the Singaporeans were eliminated.Indonesia will meet eight-time champions China to ...

2 dead 20 injured after explosions in Dagestan- Wave of violent attacks kills at least 86 in Iraq

Fox News - Monday 20th May, 2013

MAKHACHKALA, Russia – Two people are dead and at least 20 are injured after two car bombs exploded Monday in Dagestan, in Russia's North Caucasus region, where armed militias are leading an Islamist insurgency. Both blasts were near the headquarters of the court bailiffs and appeared to have been detonated by remote control, a Russian state agency told Reuters. Police cordoned ...

Indonesia fined for crowd trouble

soccerway - Monday 20th May, 2013

The Football Association of Indonesia (PSSI) have been hit with a 15,000-dollar (9,900 pounds) fine for repeated crowd infringements.The PSSI were handed a penalty of 10,000 dollars (6,600 pounds) when fans lit firecrackers and threw water bottles when Indonesia hosted Saudi Arabia in an Asian Cup qualifier on March ...

Quantum says new team could recover Intrepid’s Indonesia stake

Mine Web - Monday 20th May, 2013

Quantum Pacific Investment Ltd. believes with a new leadership team it can recover some of Intrepid's stake in the Tujuh Bukit copper-gold ...

14 now known dead 14 missing in Indonesia tunnel collapse

CNN Asia - Monday 20th May, 2013

10 have been rescued after last week's tunnel collapse, the mining company says Crews have been combing the rubble since the accident A company executive says he is "deeply saddened and disturbed" by the ...

Electric minibus launched in Yogyakarta

The Jakarta Post - Monday 20th May, 2013

Marking National Awakening Day on Monday, the Research and Technology Ministry and the Yogyakarta city administration launched an electric minibus made by the Indonesian Institute of Sciences (LIPI) at the city's Taman Pintar [Pintar Park].The 12-seated electric minibus will be used to transport visitors free of charge to Taman Pintar and its surrounding areas, including Malioboro, ...

Pertamina CEO Most Likely to Head Indonesia Investment Body

Rigzone - Monday 20th May, 2013

JAKARTA - PT Pertamina's Chief Executive Karen Agustiawan is the front-runner to head Indonesia's Coordinating Board for Investment after President Susilo Bambang Yudhoyono Monday made the current chief the country's new finance minister, two people familiar with the matter said. "It's Karen who [likely] will be appointed as the new investment board chief," one of ...

AWE upgrades AAL Gross 2P Reserves to over 100 million barrels of recoverable oil with potential for future significant reserves growth

OilVoice - Monday 20th May, 2013

Three reasons to go Premium! 1. Unlock details of over 3,000 companies 2. Have access to 11,000 oil industry people profiles 3. Full address details of over 5000 ...

Bank Indonesia Sets Debut Rupiah Fix Stronger Than Singapore

General Sources - Monday 20th May, 2013

Indonesia set its first fixing for the rupiah 0.2 percent stronger than an equivalent rate in Singapore, where the central bank has started a probe to ascertain whether onshore rates were manipulated. Indonesia's monetary authority will require local lenders to use its Jakarta Interbank Spot Dollar Rate, which it fixed at 9,760 per dollar today, to settle currency derivatives, Difi ...

Basri named Indonesias new finance minister

General Sources - Monday 20th May, 2013

President Susilo Bambang Yudhoyono said Monday that investment in Southeast Asia's largest economy had grown significantly and contributed to economic growth under Basri's leadership of the investment board. Basri is an economist and former ...

UPDATE 3-Indonesia names new finance minister wins praise

Reuters - Monday 20th May, 2013

Mon May 20, 2013 6:44am EDT * Former investment chief named finance minister * Economists praise choice * Slowing growth, bloated subsidy bill big challenges * Basri is protege of former finance minister (Updates with reaction, context) By Rieka Rahadiana and Andjarsari Paramaditha JAKARTA, May 20 (Reuters) - Indonesia named its respected investment chief as finance minister on Monday as ...

SE Asia Stocks-Indonesia jumps after new finmin Thailand at new high

Reuters - Monday 20th May, 2013

BANGKOK, May 20 (Reuters) - Southeast Asian stock markets gained on Monday as optimism about global growth lifted sentiment in overseas markets while Indonesia's main index rose to a new all-time closing high, after the appointment of a new finance minister. Jakarta's Composite Index ended up 1.4 percent at 5,214.97, pushing up its year-to-date gain to 21 percent, Southeast Asia's ...

Soccer-Indonesia hit with $15000 fine for crowd trouble

General Sources - Monday 20th May, 2013

AFC said. Saudi Arabia beat Indonesia 2-1 to lead Group C, which also features Iraq and China, with two wins from two matches. The southeast Asians are bottom after two defeats. The top two teams from each of the five qualifying groups and the best third-placed team will join defending champions Japan, hosts Australia, South Korea and North Korea at the next edition of the tournament in ...

Early Spring 2013 Ushers in Yoga Retreats To Maui Bali and El Salvador

Asia Pacific News - Monday 20th May, 2013

The Travel Yogi, specialist in international yoga retreats and yoga adventures, announces late winter/early spring yoga programs in Bali, Maui and El Salvador. "We are gearing up for a banner 2013 season," says Jennifer Hoodevik, founder and director. "We are riding the wave of an industry experiencing tremendous growth and we are responding." According to July 2012 ...

Cop with fat bank account returns to Papua

The Jakarta Post - Monday 20th May, 2013

Adj. First Insp. Labora Sitorus, a Papua cop with a suspicious amount of money in his bank accounts, was taken to the Papua Police's detention center on Monday.National Police spokesperson Brig. Gen. Boy Rafli Amar said that Labora was flown back to Papua two days after he filed a report to the National Police Commission (Kompolnas) in Jakarta.The Papua Police have named Labora a suspect in ...

Indonesia Siap Beralih ke 4G LTE

General Sources - Monday 20th May, 2013

- Makin banyak pengguna smartphone di tanah air membuat teknologi 3G tidak lagi mencukupi. Maklum kebutuhan akan data makin besar. Mobile broadband tidak lagi semata-mata urusan SMS dan suara, tapi juga data yang juga terdiri dari video berukuran besar. Maka bagi banyak operator telekomunikasi di seluruh dunia, antara lain Cina, India, Jepang dan Singapura, 4G LTE (long term evolution) sudah ...

ASEAN Market Review Indonesias Malaysias 1Q Growths Decelerate

General Sources - Monday 20th May, 2013

leading global foreign exchange trainer, educator and author Mario Sant Singh - whose views are widely sought after in the Forex industry, focuses on growth drop-off in Indonesia and Malaysia. Economic ...

14 Dead 14 Missing in Indonesia Mine Collapse

VOA - Monday 20th May, 2013

Rescue workers in a remote region of West Papua, in eastern Indonesia, have recovered five more bodies from a collapsed tunnel in a gold and copper mine, bringing the death toll to 14, with 14 others still missing and feared ...

Chatib Basri to be sworn-in on Tuesday

The Jakarta Post - Monday 20th May, 2013

Newly-appointed Finance Minister Chatib Basri will take the oath of office, on Tuesday.President Susilo Bambang Yudhoyono appointed the Investment Coordinating Board (BKPM) chairman to take the Finance Minister position on Monday after he passed a fit-and-proper test at the Presidential Palace."After considering various aspects, I place my confidence in Chatib Basri," Yudhoyono told a ...

CORRECTED-UPDATE 1-Indonesia 2013 govt budget assumes 45 pct hike in subsidised petrol price

Reuters - Monday 20th May, 2013

Mon May 20, 2013 4:53am EDT (Corrects budget year in headline and paragraph 3 to 2013) JAKARTA May 20 (Reuters) - Indonesia's government is assuming there will be a 45 percent rise in the price of subsidised petrol, a move widely seen as essential to relieve mounting pressure on the state finances. The government has been agonising for months over how and when to hike prices of heavily ...

Pilots go on strike in Indonesia some flights delayed cancelled

People's Daily - Monday 20th May, 2013

Hundreds of pilots of leading carrier Garuda Indonesia staged a strike on Thursday that cause flight delays and cancellations in several airports in the country.The strike started since midnight Thursday after the president of Garuda Pilot Association Stephanus Gerardus told his colleagues to stop flight."This morning (Thursday) at 03:15 a.m. Jakarta time we instructed (the pilots) not to ...