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Indonesian Growth - Jakarta City Guides PDF Print E-mail
Written by Budi Wibowo   
Friday, 15 August 2008 12:53
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Economic growth in Southeast Asia's largest economy is expected to hold steady at just over 6 percent in 2009, Indonesian's president said Friday in his State of the Union address.

Susilo Bambang Yudhoyono said gross domestic product is forecast to expand by 6.2 percent next year, compared with projections of 6.0 percent to 6.4 percent for 2008.

Inflation is seen dipping to roughly 6.5 percent next year. Consumer prices rose nearly 12 percent in July from a year ago, after the government increased fuel prices by around 30 percent - a move aimed at cutting fuel subsidies that threatened budget stability.

The government set next year's budget against expectations that crude oil will average US$100 a barrel. Volatile oil prices and the U.S. credit crisis have raised the threat of global recession.

Speaking to lawmakers ahead of a holiday weekend to celebrate Indonesia's Independence Day, Yudhoyono outlined overall economic improvements since the Asian financial crisis a decade ago bankrupted the Indonesian banking system and sent tens of millions into poverty.

The country now holds its highest financial reserves in history, at more than $100 billion, and has balanced its budget deficit, which is expected to fall to 1.9 percent in 2009.

By raising production in the agriculture and non-oil and gas industries, Yudhoyono said he hopes to reduce unemployment to between 7 and 8 percent from last year's high of nearly 10
percent, one of the worst rates in Asia. (BW-Budi Wibowo)

 
Jakarta City News PDF Print E-mail
Written by Budi Wibowo   
Saturday, 09 August 2008 10:28

Jakarta City Guide - Indonesian News

The House of Representatives' legislation committee has been accused of curbing efforts to adopt a UN anti-tobacco convention aimed at reducing global consumption of tobacco for its negative impacts on health. The Indonesian Forum of Parliamentarians on Population and Development (IFPPD) said its attempts to include a draft law on tobacco control in the national legislation program had three times been rejected by the committee. The legislation committee chairman said the bill was "not urgent" for discussion, IFPPD executive director Sri Utari Setyawati said at a press conference here Friday. The rejections came despite the fact that at least 259 legislators had signed in support of the deliberation of the new bill proposed by her forum in 2005 which adopted its main content from the WHO Framework Convention on Tobacco Control (FCTC), she said. "We first submitted the draft to the legislation committee in February 2006, but this was too late for the 2006 national legislation program. We then submitted in mid 2006 for the 2007 legislation program, but this was not included in the program either." "By mid 2007, we had again submitted a draft for the 2008 legislation program, but it was still to no avail. The last thing the legislation committee chairman said was that the draft was not urgent," Sri said. The FCTC was opened for endorsement in Geneva in 2003 and at the United Nations' headquarters in New York in 2004. The treaty (now closed to further signatures) has 168 signatories, including the European Community, making it the most widely embraced treaty in UN history. Indonesia is among 36 countries worldwide, and the only country in Southeast Asia, which was yet to ratify the UN convention. Other non-party countries include the United States, Argentina, Italy, Switzerland, Somalia, Afghanistan and Mozambique. Recently, the Indonesian Consumers Foundation (YLKI)

Last Updated ( Friday, 15 August 2008 12:58 )
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Indonesian Palm Oil PDF Print E-mail
Written by Budi Wibowo   
Saturday, 02 August 2008 06:58

Jakarta City News 

Indonesia wants Pakistan to cut palm oil duty

Jakarta City Guides- Indonesia, the world’s top palm oil producer, will ask Pakistan to lower import tariffs for palm oil products to boost its palm oil exports, a senior government official said on Friday.

Indonesia faces competition from rival palm oil producer

Malaysia, whose products enjoy a discount on import tariffs thanks to a free trade deal signed last year, Bayu Krisnamurthi, deputy to the chief economic minister, told reporters.

“Palm oil exports to Pakistan have slowed in the past months because Pakistan has imposed different import duties,” he said.

“We will send a team to lobby Pakistan’s government to lower import duties for our palm oil products to the same level as Malaysia.” Malaysia and Pakistan signed a bilateral free trade deal in November 2007, giving Malaysia a discount on its existing palm oil import tariffs until 2010.

The discount was set at 10 per cent this year, increasing to 15 per cent in 2010.

Pakistan accounted for about 6.5 per cent of Indonesia’s total exports of palm oil products in 2007, state statistics show. It buys refined and crude palm oil from Malaysia and Indonesia.

“Pakistan is one of our main buyers. It also serves as a gate to enter the central Asia market. Hopefully we have the decision soon,” Krisnamurthi said.

—Reuters-Jakarta City Guides

 

Last Updated ( Saturday, 09 August 2008 10:32 )
 
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Indonesian government officials have issued a decree ordering members of a Muslim sect to return to mainstream Islam or face possible imprisonment. .

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