Summary Jakarta. "We have invested a lot, including our recruitment of 4,457 sanitation workers, and the purchases of garbage trucks... and supporting units," Bandjar Marpaung, the head of the Sanitation Service Association (Hipenlasih) -- a trade group representing some 25 waste management firms that worked as contractors for the Jakarta administration -- said in Jakarta on Monday. "[The city] has inflicted losses on us with the termination of the contracts."
Summary Jakarta. "Golkar will not alter [the export ban policy], instead we will underline the importance of value-added [commodities]," Harry Azhar Azis, a senior member of the Golkar Party's economic team, told Reuters. Gerindra said the president's handling of the new mining rules had caused widespread investor confusion, but the political party would not change the mining rules if its candidate, Prabowo, wins the presidency.
Summary Jakarta. Net income rose 4.7 percent to Rp 405.94 billion ($35 million) in 2013 from Rp 387.54 billion a year earlier, the company said in a filing to the Indonesia Stock Exchange (IDX) on Wednesday. Revenue fell to Rp 2.37 trillion from Rp 2.39 trillion, but Sido Muncul's financial statement showed that its cost of goods sold declined at a faster pace, to Rp 1.36 trillion from Rp 1.47 trillion.
Summary A group of CrossFitters in their box. Every charity project sees an outpouring of compassion, empathy and social awareness with each CrossFitter raising money with the workouts they perform. The more repetitions performed by a CrossFitter, the more money is raised for the charity.
Summary Jakarta. "In modern-day Indonesia, sakti means strong creative energy, divine and indestructible that contains the capacity for achievement beyond mere human abilities." "Sakti [was chosen] as the theme of the Indonesian pavilion at the 2013 Venice Biennale because the exhibition explores the inner, alternative power that is present in the creative struggle in Indonesian art and life," she added.
Summary The Jakarta Composite Index (JCI) on Wednesday weakened by 23.51 points, following movements on Asian stock markets. Meanwhile, the LQ45 index, which represents lists of the 45 most liquid stocks, weakened by 6.09 points (0.77 percent) to 782.87. "Negative sentiments from Asian markets affected the JCI; however, it is predicted that the index's correction potentials will not likely be deeper as it will be balanced with positive factors from the domestic side," Valbury Asia Securities head of research Alfiansyah in Jakarta on Wednesday, as quoted by Antara.
Summary JAKARTA (REUTERS) - Indonesia's next president is unlikely to make major changes to the country's controversial mining rules, after major political parties backed an export ban that has led miners to halt US$6 billion (S$7.59 billion) in annual mineral exports. The broad political support will disappoint miners, like Freeport-McMoRan Copper & Gold, Newmont Mining Corp, that may have been hoping the tough new rules were only temporary measures imposed by a lame duck administration. Political parties representing presidential front runners for the July election said they support the current government's moves to ban mineral exports and tax concentrate shipments, aimed at forcing miners to build smelters in Indonesia.
Summary The Jakarta Post | Business | Wed, March 12 2014, 10:44 AM. Jasa Marga finance director Reynaldi Hermansjah said the company had allocated Rp 5.5 trillion of its internal cash for capital expenditure in 2014. The company is also set to enter the bonds market, in the fourth quarter of the year at the latest, to generate Rp 1 trillion in funds.
Summary JAKARTA (Reuters) - Indonesia's next president is unlikely to make major changes to the country's controversial mining rules, after major political parties backed an export ban that has led miners to halt $6 billion in annual mineral exports. "Golkar will not alter (the export ban policy), instead we will underline the importance of value-added (commodities)," Harry Azhar Azis, a senior member of the Golkar Party's economic team, told Reuters. Gerindra said the president's handling of the new mining rules had caused widespread investor confusion, but the political party would not change the mining rules if its candidate, Prabowo, wins the presidency.
Summary Jakarta. Promising to personally cook nasi goreng for journalists after the April 9 legislative elections, the president also offered some piercing insights into the upcoming legislative and presidential elections. A veteran of two previous elections, the president is one of the most senior politicians in the country.
Summary Bagus BT Saragih, The Jakarta Post, Jakarta | Election Watch | Wed, March 12 2014, 8:57 AM. (JP/Jerry Adiguna). President Susilo Bambang Yudhoyono, in his capacity as the Democratic Party chairman, is set to join other leaders from the party to go on the campaign trail ahead of the April 9 legislative election, in a bid to help salvage the party's chances in the poll.