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.read more
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. read more
Indonesia must build more roads to revive car demand
(Mar 11)
(SINGAPORE) PT Astra International, Indonesia's biggest car dealer, says that the nation must build more roads and keep interest rates low to revive demand for Toyota Motor Corp cars that slumped amid last year's global recession.
Jakarta debt on way to investment grade
(Mar 11)
(JAKARTA) Indonesia should be able to reach investment grade within one year, Finance Minister Sri Mulyani Indrawati said on Tuesday, in a more confident assessment than many analysts who still see obstacles for South-east Asia's biggest economy.