Bank Indo | Indonesian Bank

Govt preparing blueprint for national transport modes

The Transportation Ministry is preparing a blueprint for the development of national transport modes as part of efforts to improve transport services to the public.

The blueprint is part of the United Indonesia Cabinet II`s program in the first 100 days in office and therefore, it must be completed soon, Transportation Minister Freddy Numberi said on the sidelines of the 8th Conference of Eastern Asia Society for Transport Studies” (EASTS) here on Monday.
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The St. Moritz Megaproject Starts

PT Lippo Karawaci Tbk, the developer company from Lippo Group, Thursday, signed an appointment letter together with PT PP (Persero) as the main contractor for constructing the international scale “Coordinated Megaproject of St. Moritz Penthouses & Residences”.

The St. Moritz Penthouses & Residences is Global City’s first and only project in Indonesia handled by Lippo Group and located in the central business district of West Jakarta, between the Kapuk-TB Simatupang Jakarta Outer Ring Road and the Kebon Jeruk-Tangerang Freeway.
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2010, Unemployment in Indonesia Still 10 Percent

Unemployment rate in Indonesia in 2010 is estimated to still be in the range of 10 percent. Projected economic growth of only 5.5 percent were considered to be sufficient to absorb labor in the productive age.

“State budget is less clear in infrastructure improvements could not push the unemployment rate. Moreover, the economic growth of just 5 percent,” said Director of Finance and Management PPM Bramantyo PSDM Djohan Putro in a seminar on “Economic Outlook 2010″ in Jakarta, Thursday ( 12/11).

Indonesia needs at least 7.3 percent growth per year to reduce unemployment. Growth could be achieved if the inflation rate ranges from 4 to 6 percent. Interest rates in Indonesia were at least 5-7 percent in the number and the exchange rate USD 9500-USD $ 10,500 per USD.

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BI: Impact of crisis began to subside

Bank Indonesia is assessing the impact of the global economic crisis could hit almost all sectors perkonomian, now began to subside.

BI Senior Deputy Governor Nasution Nasution said Indonesia’s economy began to show improvement this year. This is evident from the preservation of inflation, a stable economic growth, strengthening the exchange rate, and improved foreign exchange reserves position reached 64.5 billion U.S. dollars at the end of October 2009 or the highest in history. “We now begin the period of crisis began to subside. The signs of recovery have emerged,” said Nasution, the Working Meeting with Commission XI of DPR RI, in the Parliament building, Jakarta, Thursday (12/11).
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Let’s Fly Again Non-Stop to Europe with Garuda

Managing Director and CEO of Garuda Indonesia, Emirsyah Satar said that the airline is ready to fly once again to Europe. They’re preparing everything properly to start flying to Europe again. He stated this at the Indonesian bridge of London WTM, Wednesday.

The presence of Emirsyah Satar at the World Travel Market (WTM) which has been held at the Excel Building, London, since November 9, was to be one of the speakers at the event “Head to Head Airline” hosted by JLS Consulting. The seminar moderated by the Director of JLS Consulting, John Strickland discussed issues affecting the aviation business.
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When It’s Easy to Get Credit Cards in Indonesia

The value of stagnant credit or non-performing loan (NPL) for credit cards is still high. Based on the Indonesian Banking Statistics (SPI), the value of credit card NPL per September 2009 is Rp. 2.95 trillion, or 8.7 percent of the total outstanding credit that reaches Rp 33.63 trillion.

Since July 2009, the credit card NPL value has seemed reluctant to go below 8 percent. Per August, the NPL ratio was still 8.8 percent with the value of Rp. 2.89 trillion and total credit of Rp. 32.82 trillion.
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What Indonesia Can Expect from Investment with Britain

Indonesian Industry Minister MS Hidayat has offered British investors an opportunity to add their investment in the crude palm oil industry. “I just now offered oil palm downstream processing industry,” he said after meeting with British Trade, Investment and Small Businesses Minister Lord Davies of Abersoch here on Wednesday.
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Malaysia and Indonesia Can Play A Bigger Role In Region

Malaysia and Indonesia have very close relations and both countries can work together to play a bigger role in the region, said Datuk Seri Najib Tun Razak.

The Prime Minister said both countries could synergise their energies to play a bigger role on matters like the economy, climate change, disaster management and regional security.

“Malaysia and Indonesia can further step up cooperation towards playing a bigger role in the region.
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