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Tourism and Transportation
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Written by Administrator
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Wednesday, 28 February 2007 |
 After a working meeting with the Department of Culture and Tourism on Monday, 12 February, Vice President Jusuf Kalla announced that the government had decided to accelerate tourist arrivals to Indonesia this year to 6 million, up from the previous target of 5.25 million 6o 5.5 million tourists. |
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Last Updated ( Wednesday, 28 February 2007 )
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Main Issue
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Written by Administrator
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Wednesday, 28 February 2007 |
 After weeks of sweltering heat in Jakarta, where the air-conditioning seemed just not to work at all, suddenly on Thursday, 2 February the skies opened up over the capital and torrential rains fell unrelentingly until the following Friday morning. Thursday evening, office workers found themselves wading through waist-deep water to reach home, while others were stuck in paralyzed traffic for hours until the early morning. But, the weathermen told Jakarta citizens that this was only the beginning, since these were only local rains. Rains had not yet fallen in the mountains that feed the 13 rivers that cross Jakarta on their way to the Java sea forming the estuaries of north Jakarta.
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Last Updated ( Wednesday, 28 February 2007 )
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Economy, Trade and Industry
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Written by Administrator
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Wednesday, 28 February 2007 |
 On manufacturing, Indonesia's manufacturing sector output is expected to grow a faster 7.9% in 2007, helped by higher consumption and lower interest rates, an Industry Department official said.
The government estimated that manufacturing probably grew 5% in 2006, less than a 6% official forecast made at the start of last year, partly due to weak domestic demand and high interest rates. Manufacturing growth was 4.6% in 2005.
"We expect the manufacturing industry to grow around 7.9% this year. The driver will come from private consumption, government expenditure and the construction sector," the department’s secretary general, Agus Tjahajana Wirakusumah, told Reuters on Thursday (18/1/07).
"The benchmark interest rate (BI rate) is expected to fall. If lending rates fall, it will also help business operations as businesses depend on loans for their working capital and investments," he said. |
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Last Updated ( Wednesday, 28 February 2007 )
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Economy, Trade and Industry
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Written by Administrator
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Wednesday, 28 February 2007 |
 Further, Indonesia’s Trade and Investment News reported that Corporate expenditure on advertising in 2006 rose 17% to Rp30 trillion, according to Nielsen Media Research.
It noted that TV absorbed Rp20 trillion, or 67%, of the total spending, with the remainder shared by newspapers, magazines, radio and online media, XFN-Asia reported on Thursday (18/1/07).
Ananto Praktikno, executive director of Nielsen Media Research Indonesia, said he expects corporate spending on advertising to increase this year in line with the improving economy. |
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Last Updated ( Wednesday, 28 February 2007 )
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Economy, Trade and Industry
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Written by Administrator
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Wednesday, 28 February 2007 |
 The government has pledged to help revive the country’s sea fishing industry by providing more cash collateral this year to boost fishermen's access to bank loans, reported Indonesia’s Trade and Investment News published by the Coordinating Ministry for the Economy.
Fisheries Minister Freddy Numberi said Monday (15/1/07) his department would disburse Rp173 billion (about $19.2 million), or double last year's total, in cash-collateral credit to more than 5,000 traditional fishermen this year. The scheme will be managed by state-owned lender Bank Rakyat Indonesia (BRI). |
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Last Updated ( Wednesday, 28 February 2007 )
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