| BI expected to raise key rate by 25-50 basis points: economist. |
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Bank Indonesia (the central bank/BI) is likely to raise its key rate by 25-50 basis points at the meeting of its board of governors on Thursday as the on-month inflation rate in May reached 1.41 percent, an economist said. ANTARA News reported (06/04/08).
- 6/5/2008
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| Chandra Asri to spend $120 million on butadiene plant |
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PT Chandra Asri, which operates Indonesia's only naphtha-processing plant, plans to spend $120 million to build the nation's first factory to produce butadiene, plastics used to make mobile-phone casings, Bloomberg reported Tuesday.
- 6/5/2008
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| Foreign investors to build biofuel plant. |
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Foreign investors from the United States, Australia and South Korea have expressed interest in building a biofuel plant with a capacity of two million kiloliters worth $500 million in Gorontalo province, Gorontalo Governor Fadel Muhammad said, Asia Pulse
- 6/5/2008
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| Semen Gresik sets aside $574M for power plants. |
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State-owned cement maker PT Semen Gresik has set aside $574 million to finance the construction of coal-fired power plants in various areas in the country, Asia Pulse reported Friday.
- 6/5/2008
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| Bakrieland shareholders approve acquisition |
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Shareholders of publicly listed property developer PT Bakrieland Development approved the management's plan to acquire a 75% stake in PT Alberta Utilities, The Jakarta Post reported Friday.
- 6/5/2008
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