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Geothermal potential up to 28,100 MW
(Mar 11)
The Energy and Mineral Resources Ministry has revised the country’s geothermal potential to 28,100 megawatts (MW) across 265 spots, up from 27,000 MW a decade ago.
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Subsidized fuel price likely to increase
(Mar 11)
The government may raise the price of subsidized fuels if the benchmark Indonesian Crude Price (ICP) soars above US$84.7 per barrel this year, according to the proposed revised 2010 state budget.
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Asian stocks lower amid spike in China inflation
(Mar 11)
Asian stock markets were mostly lower Thursday as China's burst of inflation and Japan's weaker growth tempered confidence in the regional economic rebound.
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Automotive industry shows good recovery: Govt
(Mar 11)
The government says the automotive industry in the first two months of this year has shown a good recovery and that it expects the industry's production to return to its peak of 2008.
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Too many cooks spoil the economic broth
(Mar 11)
The parliament's 325-to-212 vote against the bailout of Bank Century suggests that the government's coalition in the House of Representatives is in jeopardy.read more
DHL opens direct flight on S’pore, Balikpapan route
(Mar 11)
BALIKPAPAN: DHL Express has launched a direct flight from Singapore to
Balikpapan to meet the surge in cargo transportation from the city
state to East Kalimantan, a company executive said. read more
BankPermata issues Rp 700 billion notes
(Mar 11)
JAKARTA: PT Bank Permata Tbk (Bank Permata) has issued a 10-year unsecured subordinated Medium Term Note (MTN) worth Rp 700 billion (US$76.3 million) to fund future business expanread more
Govt to raise subsidies by 23% to Rp 199.34 trillion
(Mar 11)
Total subsidies will be raised by 26.3 percent to Rp 199.34 trillion (US$21.73 billion) in the revised 2010 state budget to protect households, the main driver of Indonesia’s economy, the Financeread more
Medco to invest $400 million in Libya
(Mar 11)
Publicly listed PT Medco Energi International will invest as much as US$400 million in an oil facility in Libya, the president commissioner Hilmi Panigoro told reporters Wednesday.read more
BI said to delay single presence rule
(Mar 11)
The central bank has agreed to postpone the implementation of the single presence policy for two years and may consider exempting state banks indefinitely, the government said.read more
