Sunday, March 21, 2010

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Economy and Finance

RI oil palm farmers ready to boycott Nestle products

Medan, VOI  News) - Oil palm planters in 20 Indonesian provinces are ready to boycott Nestle products if the foreign company really stops buying crude palm oil (CPO) from national producers. "About 10 million oil palm farmers spread in 20 Indonesian provinces have stated their readiness to boycott Nestle products. Apkasindo (Association of Indonesian Oil Palm Farmers) is now preparing to draw up a list of Nestle products in the market," Apkasindo Secretary General Asmar Arsjad said in Meda, North Sumatra, Saturday.
He said Apkasindo had so far only obtained oral statements of readiness from its regional chapters in the country but the association`s central executive board would on Monday (March 22) officially send letters to them to ask for their support for and participation in the boycott of Nestle products. 

Read more: RI oil palm farmers ready to boycott Nestle products

 

KPK Budget Prone to Misuse, say NGOs

Jakarta, VOI News - Still fresh in our memory the time when some fractions in parliament agreed to strip the Corruption Eradication Commission (KPK) of its authority to tap and file charges, but now the parliament has surprised the public again with a suggestion to cut KPK's budget. The reason to justify the cut is because the KPK has been considered not giving its maximum effort to eradicate corruption, especially in regards to the Century Bank case.

Read more: KPK Budget Prone to Misuse, say NGOs

 

Int'l airport in Lombok to be in operation soon

Jakarta, VOI News - An International airport facility, currently under construction in Central Lombok regency, West Nusa Tenggara, is scheduled to be in operation in the next several months, an official said on Tuesday. Spokesman of local provincial administration Ahmad Baharuddin said that a soft opening for the airport was originally scheduled this month, but was delayed due to the lack of supporting facilities, especially access road from the capital to the airport.

Read more: Int'l airport in Lombok to be in operation soon

 

Indonesian economy predicted to keep growing until 2011

Jakarta, VOI News - Bank Indonesia (BI) predicts Indonesia`s economy will grow 5.5 to 6.0 percent in 2010 and continue to grow 6.0 to 6.5 percent in 2011. BI Deputy Governor Hartadi A Sarwono said here that the country`s economic prospects would be better than initially forecast. "While domestic demand remains strong growth will be driven particularly by external factors in line with global economic recovery as seen from increasing exports since the fourth quarter last year," he said.

Read more: Indonesian economy predicted to keep growing until 2011

 

Private Vehicles are Not Allowed to Use Subsidized Fuel

Jakarta, VOI News - The government is to forbid the use of subsidized fuel for private vehicles. "We are serious about this," said the Minister of Energy and Mineral Resources Darwin Zahedy Saleh in Jakarta, on Friday (12/3). He said that this measure was being taken because the government had had a hard time controlling the global crude oil price which impacted on fuel subsidies.  Besides that, according to him, the subsidies should be aimed at poor people. Darwin hoped that it could be applied this year.  “We are starting to design a trial (in Bintan and Bangka Belitung), but we do not know its realization yet,” he said. 

Read more: Private Vehicles are Not Allowed to Use Subsidized Fuel

 

Bank Indonesia Lifts Economic Growth Forecast

Jakarta, VOI News - Central bank deputy governor Hartadi A Sarwono believes that based on first-quarter results, the country may see 5.6 percent gross domestic product growth in 2010, higher than the bank’s earlier 5.2 percent forecast, he said on Monday. "The economy was likely to expand 5.7 percent year-on-year in the first quarter, up from the previous expectation of 4.8 percent", said Hartadi. 

Read more: Bank Indonesia Lifts Economic Growth Forecast

 

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