Bank Indo | Indonesian Bank

Asian investors interested in buying former Bank Century

Firdaus Djaelani, chief executive of the Deposit Insurance Agency (LPS), said several investors from Asia were seriously considering to buy Bank Mutiara or former Bank Century.

“Several of them have shown serious interest and have come three times to enquire about Bank Mutiara,” he said at a press conference.

LPS became Bank Mutiara`s sole majority shareholder after the agency provided the funds needed to prevent ailing Bank Century from collapsing. After the bailout, the bank was renamed Bank Mutiara.
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ADB earmarks $500 million for RI`s mega power program

The Asian Development Bank (ADB) has earmarked US$500 million in loans to speed up the second phase of Indonesia`s program to build power plants with a combined capacity of 10,000 megawatts, an ADB official said.

The ADB loans were intended to finance the construction of geothermal power plants as part of the 10,000 megawatt-capacity power development program, ADB infrastructure specialist for Indonesia Rehan Kausar said here on Thursday.
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Sunda Strait in the program of 100 Days

Infrastructure connecting the Sunda Strait in the 100-day work program of Public Works Minister although still in the form of a feasibility study which will be poured in the form of Presidential Regulation.
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NNT Share Purchases Leaded by Regional Administration

Minister of Energy and Mineral Resources Darwin Saleh said the government has decided that the three regional administrations in West Nusa Tenggara are leaders in the purchase of 14 percent of the divestment shares of PT Newmont Nusa Tenggara.

“According to the outcome of a meeting chaired by the Coordinating Minister for the Economy and attended by the finance minister, the state minister of state enterprises, and the energy and mineral resources minister, on Tuesday (Nov 3), the regional administration had been appointed leaders in the purchase of Newmont’s divestment shares,” he said in Jakarta on Wednesday.
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Trade ministry finds illegally imported cement

The directorate of goods and services of the ministry of trade on Monday found 21,380 sacks of imported Chinese cement suspected not meeting Indonesian national standard.

Goods and Services Control Director Inayat Iman suspected that three regulations had been violated by the owners of the cement which entered the country through Tanjung Priok port.
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Sabang int`l seaport to operate in 2012

Aceh province`s Sabang international seaport which is now under construction is scheduled to commence operations in 2012, the port`s administrator said.

“The project is to support the economic growth of the Sabang Free Port and Trade Area,” Sabang Port Administrator Teuku Saiful Ahmad said here on Friday.
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RI to stop importing cows weighing over 350 Kg

Agriculture Minister Suswono said that Indonesia would import cows that weighed not more than 350 kg each so that they could be raised in the country first before being slaughtered.

“So far, Indonesia has been importing cows weighing more than 350 kg. Many of the imported cows even weighed between 400 kg and 500 kg so that they are slaughtered as soon as they arrive,” the minister said here on Thursday.
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Govt to review fertilizer prices in April 2010

Visiting Indonesian Agriculture Minister Suswono said here on Friday the government would review domestic fertilizer prices in April next year.

“Fertilizer prices in the country will be reviewed in April 2010 because the amount of state budget funds to subsidize them has decreased,” the minister said.
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