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MALAYSIA'S AIRASIA TO LAUNCH NEW SULAWESI ROUTE
JAKARTA, May 8 Asia Pulse - Malaysia's AirAsia will start direct flights between Kuala Lumpur and Makassar in South Sulawesi in June. A manager of AirAsia, Yap Mun Ching, said the low cost carrier...

INDONESIA TO RAISE OIL OUTPUT TO 1.2 MILLION BPD BY 2010
BALIKPAPAN, East Kalimantan, May 8 Asia Pulse - The Indonesian government intends to increase the country's crude oil production by 200,000 barrels to 1.2 million barrels per day (bpd) in 2010,...

INDONESIA'S ADARO ENERGY HOPES TO EARN $US800MLN FROM IPO
JAKARTA, May 8 Asia Pulse - Indonesian energy company PT Adaro Energy said it may earn up to US$$800 million from an initial public offering its plans to launch in July. The parent company,...

INDONESIA'S BANK MEGA REPORTS 27.6PCT INCREASE IN NET PROFIT
JAKARTA, May 8 Asia Pulse - PT Bank Mega (JSX:MEGA) reported a 27.6% increase year-on-year in net profit to Rp151.9 billion (US$16.7 million) in the first quarter of this year. "We are one of...

INDONESIA'S BHAKTI INVESTAMA POSTS 34PCT RISE IN OPERATING INCOME
JAKARTA, May 8 Asia Pulse - Publicly-listed investment firm PT Bhakti Investama (JSX:BHIT) reported a 34% increase year-on-year to Rp1.22 trillion (US$135 million) in consolidated operating...

INDONESIA'S INFLATION RATE MAY EXCEED 9PCT
: CENTRAL BANK JAKARTA, May 8 Asia Pulse - Bank Indonesia has predicted the country's inflation could overshoot the previously set target of 6.5% to more than 9% - as a result of an increase in...

RENTAL RATES OF UNLOADING EQUIPMENT AT INDONESIAN PORT DOUBLED
JAKARTA, May 7 Asia Pulse - Heavy equipment owners said they will double the rent for their forklifts and cranes used for loading and unloading in Indonesia's largest port of Tanjung Priok. An...

Indonesia considers OPEC pull-out
Indonesia is considering leaving the Organisation of Petroleum Exporting Countries (OPEC) cartel to concentrate on domestic production. President Susilo Bambang Yudhoyono says the Government has...

12 'illegal' miners killed in Indonesia landslide
A landslide in Indonesia has killed at least 12 people who were illegally mining in the eastern province of Papua. A recovery operation is underway for at least nine others who are buried under...

Australia clears second bidder for miner Herald
SYDNEY, May 6 (Reuters) - An Indonesian and Chinese consortium said they were cleared on Tuesday by the Australian government to pursue a takeover of miner Herald Resources Ltd (ASX: HER.ax) . ...

Indonesia mulling OPEC pullout: report
JAKARTA (AFP) - The Indonesian government is considering withdrawing from the Organisation of Oil Exporting Countries (OPEC), President Susilo Bambang Yudhoyono was quoted as saying on...

NUMBER OF VISITORS TO INDONESIA UP 15.7%
IN FIRST QUARTER JAKARTA, May 5 Asia Pulse - The Central Bureau of Statistics (BPS) the number of foreign visitors to the country rose 15.7 per cent to 1.41 million in the first quarter of this year...

Tata Steel eyes Indonesia's Krakatau-industry official
(Repeats item first sent May 4) By Yayat Supriatna JAKARTA, May 4 (Reuters) - India's Tata Steel TISC.BO wants to buy a stake in PT Krakatau Steel, Indonesia's state steel firm, and will meet for...

U.S TO PROVIDE US$20 MLN FOR CONFLICT AREAS IN ACEH
TAIPEI, May 5 Asia Pulse - The volume of Taiwan's machine BANDA ACEH, May 5 Asia Pulse - The United States will provide assistance worth US$20 million for people living in conflict regions,...

Tata eyes stake in Indonesia's Krakatau Steel: reports
JAKARTA (AFP) - India's Tata Steel could bid for a stake in Indonesia's largest steel maker PT Krakatau Steel, according to a report here Saturday."Tata (Steel) has also expressed their...

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