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6:46 PM
Lia Narulita
The Japan Bank for International Cooperation (JBIC) prepares US$1 billion to bring about two infrastructure projects under public-private partnership scheme.
According to JBIC Executive Director, Fumio Hoshi, the two projects include Steam-based Power Plant in Central Jawa and Geothermal Power Plant in Sarula, North Sumatra.
Fumio went in by saying that the fund JBIC has channeled through Indonesia reaches US$9 billion, which will be mostly allocated to LNG projects.
JBIC also plans to invest in Geothermal Power Plants in several Sumatra areas as well as transportation, coal-train railways, and mass rapid transit.
JBIC on the other hand makes arrangements to participate in a feasibility test on metropolitan priority area projects which include rebuilding of industrial zone in East Jakarta, Soekarno-Hatta Int'l Airport expansion, Tanjung Priok Harbor development, port construction in Cilamaya, industrial revitalization in Cikarang, at a total of US$30 billion.
8:00 PM
Lia Narulita
Bank Indonesia (BI) decided to maintain the benchmark BI Rate at 6.75 percent.
"Board of BI Governors' meeting agreed to retain the BI Rate at 6.75 percent to control inflation rate resulted from volatile food," said BI Governor Darmin Nasution on Tuesday.
BI figured that Indonesia's economic growth this year will hit between 6 and 6.5 percent.
"The economy will grow, especially on transportation, telecommunication, services, restaurant and construction," said Darmin.
However, BI also estimated that the improving global economy will be hampered by debt crisis in a number of countries as well as Japan earthquake and tsunami effect.
Fluctuating global food and commodities' prices are expected to put pressures on inflation.
Between January and March, the government can still control inflation mainly on volatile food.
On banking sector, BI also viewed that credit growth also advances as last year it recorded 25.1 percent of increase compared to the same period of 2010.
1:54 AM
Lia Narulita
The Indonesian government intensifies efforts to seek additional sources for exporting gas to Japan. However, the Indonesian Employer Association (Apindo) reports that 326 factories from 22 industrial sectors are currently facing gas shortage in their production lines.
"Up until today, the national industry has yet to gain assurance over gas supply for either production or improvement of production," said Apindo Deputy Secretary General, Franky Sibarani, on Friday.
The average industrial gas demand reaches between 2,798 and 3,283 mmscfd per year until 2015.
"It is ironic that the government seems to prioritize gas supply to Japan," he said.
Apindo believes that if gas demand in 326 factories is managed, more employments and commercial activities will be made possible in the said factories.
