The government plans to issue retail sharia bonds worth Rp3 trillion in February 2010 to meet part of the financing target in the state budget. Bonds will be issued under a sale and lease back agreement will mature in 3 years, with Rp20.3 trillion worth of state property controlled by 27 ministries and agencies as underlying assets for the issuance of the bonds.
10:54 pm | Published in
Business |
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Belawan in Medan (North Sumatra), Tanjung Priok in Jakarta, Tanjung Perak in Surabaya (East Java) and Soekarno-Hatta in Makassar (South Sulawesi) will operate 24 hours a day as of February 2010.
10:41 pm | Published in
Business,
Trade |
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The local subsidiary of a Japanese commercial vehicle manufacturer Hino has completed the expansion of its factory in Purwakarta, West Java, through a US$33 million investment. The expanded factory would have a production capacity of 35,000 units per annum up from an initial capacity of 10,000 units per year. This makes the plant the largest Hino Motors’ production factory outside of Japan.
Regional governments are becoming pro-active in supporting the mining industry by issuing more business licenses under the new law, ending a long period of stagnation since the last significant progress in the industry. Regardless that new implementing regulations are not yet in place, regional governments are issuing new mining business licenses (IUPs) to companies already holding mining area concessions.
This report is one of two research projects undertaken for Friends of the Earth in 2003 into
the impacts of the palm oil industry in South East Asia, its links to the European market and
the involvement of European companies in the palm oil trade.
2:28 pm | Published in
Investment |
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