Economic & Business

Vice President Budiono said that Indonesia must be able to make use of the current transitional demographic dividend to generate its economic growth.

The most important challenge Indonesia is facing now in its efforts to improve its economy and generate its economic growth is how to increase investment, economist of Citigrup Johanna Chua said.

Publicly-listed PT Bank UOB Buana Indonesia said on Sunday it posted a net profit of Rp389 billion last year, up 19.3 percent from a year earlier.

Batik clothes produced in Sleman district, Yogyakarta special province were promoted in international markets among others in some of the former Soviet Union states, Japan, United States and in South East Asia.

The "Land with One Million Cows Program" (BSS) in West Nusa Tenggara (NTB) should have a tangible result at the end of this year, an official said.

Finance Minister Sri Mulyani Indrawati gave the assurance on Friday that a 15 percent rise in the basic power rate effective July would have no impact on the 2010 inflation rate.

The United States has lowered the rate of its provisional anti-dumping duty on Indonesia`s polyethylene retail carrier bags to 9.18 percent from 67.18 percent previously.

Publicly-listed cement maker PT Indocement Tunggal Prakarsa Tbk is ready to build a new cement mill to cater to rising demand which grows 6 percent annually.

Publicly-listed cellular phone operator PT XL Axiata Tbk (EXCL) decided at its annual shareholders meeting on Friday not to pay dividends this year.

Deputy Chairman of Commission VII of the House of Representatives (DPR) Effendi Simbolon said the council has urged the government to take over the management of PT Indonesia Asahan Aluminium (Inalum) from the Japanese consortium.