Australian Beef Import Resumed, Local Farmers Disappointed
Posted by Jakarta Updates on Jul 11, 2011 | Leave a Comment
The reopening of the Australian live cattle imports is a very bad news for local cattle industry, especially since the government imposed a duty of 0 percent to the Australian cattle said biotechnology researchers from Indonesia Institute of Sciences (LIPI), Dr. Made Sri Prana, on Friday night.
“(Indonesian) farmers are quite advanced, however, the 0 percent import duty will have a very bad impact to the local farmers.I...
BATAN Still Focus On Building Nuclear Power Plant
Posted by Jakarta Updates on Jul 07, 2011 | Leave a Comment
The Indonesian National Nuclear Energy Agency (BATAN) remains focused on the development plan for nuclear power plants either in the West or South Bangka area, Bangka Belitung Islands Province. The Indonesian government has allocated up to USD 14 million for the preparation of nuclear power plants for 2014.
“West Bangka is preferred because it is closer to Sumatera electricity grid. The distance is less than 20...
The Indonesian CPO Price Is Expected To Continue To Decline
Posted by Jakarta Updates on Jul 07, 2011 | Leave a Comment
The decrease in Indonesian crude palm oil (CPO) price that happened at the close of trading day on Tuesday (05/07/2011) is predicted to continue. This is caused by the increased supply of CPO.
Palm oil prices again weakened as a result of reports that Malaysian palm oil production for this year will increase by 600,000 tons to 17.6 million tones compared to last year.
“In addition, the weakening of oil palm is also...
Indonesia Spending Too Much On Energy Subsidies
Posted by Jakarta Updates on Jul 06, 2011 | Leave a Comment
Indonesian subsidies just for energy including electricity and fuel have reach 15-18 percent of the total state budget over the last five years. In fact, next year, the energy subsidies are estimated to reach more than USD 18 billion. This year alone USD 13.7 billion of the state budget has been spent on energy subsidies.
“(The increase in the budget) due to higher crude oil prices in international markets which...
AT&T Can Now Operate Directly In Indonesia
Posted by Jakarta Updates on Jul 06, 2011 | Leave a Comment
AT&T the telco giant and the second-largest wireless provider from the US can now operate directly without intermediaries though still required to have 5% Indonesian shareholder.
The company operates in Indonesia under local operating company called PT AT&T Global Network Services Indonesia (AT&T Indonesia) has already obtained principle license to conduct their services in Indonesia from the Ministry of Communication...
Pertamina Raises Subsidized Fuel Supplies
Posted by Jakarta Updates on Jul 04, 2011 | Leave a Comment
State oil and gas firm PT Pertamina has decided to raise subsidized fuel supplies above the 2011 state budget quota due to high demand leading to shortages in a number of areas.
The decision was taken to support the growth of the people’s economy, Pertamina spokesman M Harun said here on Friday. He said the additional supplies were taken from the company’s fuel stocks which currently reached 3.4 million kiloliters.
Subsidized...
Two Men Nabbed For Selling iPads on Internet Forum Are Being Tried
Posted by Jakarta Updates on Jul 04, 2011 | 1 Comment
Two Indonesian men who were nabbed for selling iPad through internet forums is being tried the Central Jakarta District court. The police accuse the men of illegally selling the iPad without proper manual and permits.
The case has attracted a lot of attention recently especially in many internet forums and social network sites. Many questioned the arrests and thought that the act was pretty harmless.
The case began when...
Indonesian Central Bank Will Limit National Bank Ownership To Less Than 50%
Posted by Jakarta Updates on Jul 03, 2011 | Leave a Comment
The Indonesian Central Bank Governor Darmin Nasution said the regulation limiting majority share ownership for national banks will be issued later this year.
“The process is already running and because of this important policy we want the communication not only with the public at the preparations time are well established, we also want communication within the government. Because although this is pretty fundamental....
200 Monkeys Are Smuggled Every Month Into Bali For Consumption
Posted by Jakarta Updates on Jul 03, 2011 | Leave a Comment
Every month about 200 monkeys are smuggled from East Java to Bali. The monkey which are from species called Javan Lutung locally or Trachypithecus Auratus and long tail monkey or Macaca fascicularis is believed to be smuggled for medical consumption.
The meat of these monkey species is traditionally believed by some people to cure asthma.
Most of the monkeys were smuggled from Lumajang, Jember and Banyuwangi in East Java....
West Papua People Demands Referendum
Posted by Jakarta Updates on Jul 02, 2011 | Leave a Comment
The West Papua National Committee (KNPB) has demanded that the Indonesian government allows political rights to each of the Papuans to decide their destiny. “We demand a referendum,” said KNPB Indonesian Consulate Chairman Viktor Kogoya in discussions in Jakarta on Friday (01/07/2011).
This is the result of many disappoint Papuans who feel trapped because of militaristic style operation that are currently...
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