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Govt urged to ban foreign investment in rubber processing industry (Jul 25)
The Union of Indonesian Rubber Companies (Gapkindo) is asking the government to ban foreign investment in the rubber processing industry in the country, a spokesman said.


OECD offers closer economic cooperation with RI (Jul 25)
The Organization for Economic Cooperation and Development (OECD) has offered to establish closer economic cooperation with Indonesia, an OECD spokesperson said.


RI`s exports expected to fall short of target over global slowdown (Jul 25)
Indonesia`s non-oil/non-gas exports are expected to grow 8.98 percent this year, falling short of the target of 13.5 percent due to low demand in export destination countries such as the United States, Europe and Japan, an economist said.


Banks planning to raise interest rates on time deposits (Jul 24)
Domestic banks are planning to raise their interest rates on time deposits following Bank Indonesia (central bank/BI)`s decision to increase its benchmark interest rate by 25 basis points to 8.75 percent recently, a banker said.


Rupiah up 5 points to Rp9,130/9,133 per dollar Thursday evening (Jul 24)
The rupiah rose five points to Rp9,130/9,133 per dollar in the Jakarta interbank spot market on Thursday evening from Rp9,135/9,142 the day before as investors bought the local unit, a foreign exchange analyst said.


Qtel only allowed to buy 8.2 pct of Indosat shares (Jul 24)
The Capital Market and Financial Institution Supervisory Board (Bapepam-LK) said Qatar Telecom (QTel) is only allowed to buy a maximum of 8.2 percent of state telecommunications operator Indosat`s shares.


Garuda, Korean Air sign MoU on marketing cooperation (Jul 24)
Indonesian flag carrier Garuda Indonesia and Korean Air have agreed to cooperate more closely in the marketing of their services.


Technological innovations playing strategic role in RI`s agriculture (Jul 24)
Agriculture Minister Anton Apriyantono said technological innovations in the agricultural sector were currently playing a strategic role in increasing food production as the country`s farmland area was continuing to shrink.


Penang to help Promote tourism in Aceh (Jul 24)
Malaysia`s State of Penang will help promote tourism in Aceh to Malaysian and foreign tourists.


OECD welcomes Indonesia fuel price hike (Jul 24)
Indonesia's controversial near 30-percent fuel price hike was applauded Thursday by the OECD group of industrialised nations, which said energy subsidies were holding the country back.