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8:09 PM
Lia Narulita
Deputy Minister of Public Housing, Jamil Anshari, said the authorities are ready to set up 350,000 homes of very affordable prices and 650,000 homes of affordable prices.
Jamil said the program will be subject to interest rates set at lower than two digits.
The government prepares Rp2.7 trillion of total budget for implementing the program. "Of the amount, the absorbed fund is only Rp600 billion We call on REI (Real Estate Indonesia)'s participation to make the homes available," he said.
However, Chief REI Bali, AAM Sukhadana Wendha, said the fund will not be sufficient for acquiring land. "It won't be enough. We have all been informed of current land prices in Bali," he said.
He said that the REI expects the provincial government issues policies which enable handing-over of land plots in pursuit of the successful program.
7:45 PM
Lia Narulita
PT International Nickel Indonesia Tbk (Inco) said in a statement it will double annual nickel production from 73,000 metric tonnes within the last five years to 90,000 metric tonnes in the next few years.
Inco President Director Tony Wenas said the objective is expected to affect three provinces in Sulawesi positively.
Inco's operation in Sorowako, South Sulawesi, according to him, will improve production to 90,000 metric tonnes through brownfield method.
To back up the plan, the company will optimize production in processing facilities in Sorowako, including an uplift in furnace facilities.
"Inco will make a breakthrough by applying best exploration and mining methods," said Tony on Wednesday.
He said the project is reaching its final phase of development of which implementation is ready in 2011. "With regard to Karebbe Dam power plant project, it is expected to be completed in August 2011," he said.
The Karebbe project will produce electricity up to 90 megawatt.
