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PT Angkasa Pura II is optimizing the Soekarno-Hatta airport terminal which will increase the passenger capacity of 22 million passengers per year to 62 million per year.

President Director of Angkasa Pura II Tri S Sunoko explained, one of the optimization effort is to maximize the capacity of Terminal 1 and 2 of the 18 million passengers to 37 million passengers. After that followed by developing the capacity of Terminal 3 of the 4 million to 25 million passengers. Read the rest of this entry »

United States (U.S.) prepare a program worth U.S. $ 15 million or equivalent to Rp. 135 billion to increase Indonesia food production commodities. The program will run for five years.

The program titled Agribusiness Market and Support Activity (AMARTA II) was initiated by the U.S. Agency for International Development (USAID).

According to U.S. Ambassador to Indonesia, Scot Marciel, the program focuses on increasing the production of high value commodities such as cocoa, coffee, and horticultural crops, expanding access to credit for rural areas, and support for regulatory reform of the farmers. Read the rest of this entry »

Bank Indonesia (BI) continues to decrease bank lending rates. One of the pursued is to try to push deposit rates to fall.

“Lending rate is high because of the high rate position, deposit rate is expensive. So it is not efficient. We work together with the Ministry of State Owned Enterprises, Minister of Finance and the Deposit Insurance Corporation (LPS) to solve this problem, but it takes time, “said BI Governor Nasution said in Jakarta recently.

The central bank’s own claim to have set up measures to encourage bank lending rate decreased gradually, so it can not be given a deadline.

Finance Minister, Agus Martawardojo ensure at 1 April 2012, according to the provisions of State Estimated Income and Expenses Law (state budget) in 2012 will be the increase in Electricity Tariff Policy (TDL) up to 10%.

“Up to 10%, so there should be a rise of 7% or 8%, but up to 10%,” said Agus, at Port Koja, Saturday (01/28/2012).

According to Agus, the increase would have been decided long before that sorts the 2012 state budget. Read the rest of this entry »

Facebook social networking company intends to submit the document public offering alias initial public offering (IPO) on Wednesday next week. Above corporate action, Facebook could reap an estimated US$ 10 billion or about Rp. 90 trillion.

Based on a report in The Wall Street Journal, quoted by AFP on Saturday (28.01.2012), the company founded by Mark Zuckerberg and his friends are estimated at around U.S. $ 75-100 billion or approximately Rp. 675-900 billion.

Facebook will comply and submit all documents relating to the IPO of the U.S. Securities and Exchange Commission (SEC) as early as next Wednesday. However, the execution time of the IPO itself is discussed. Read the rest of this entry »