KADIN ASKS BI TO LOWER BI RATE TO 8.5 PERCENT

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Jakarta, Dec 18 (ANTARA) - The Indonesian Chamber of Commerce and Industry (Kadin) has asked the central bank (BI) to drop its key rate from 9.25 percent to 8.5 percent to help smoothen liquidity f

BANK CREDITS PREDICTED TO DROP IN 2009

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Jakarta, Dec 18 (ANTARA) - As a result of the global economic recession, the bank credit growth in 2009 is predicted to tumble after it has been growing rapidly in 2007 and 2008, Bank Indonesia (BI

PETROCHINA STRIKES OIL IN JAMBI

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Tanjung Jabung, Dec 18 (ANTARA) - PetroChina International Jabung Ltd (PCIJL) discovered a new oil reserve in Marmo in the area around North Betara, Jambi.

GOVT TO HALVE REFINED SUGAR IMPORTS NEXT YEAR

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Jakarta, Dec 18 (ANTARA) - The government will in 2009 cut refined and raw sugar imports by 50 percent and 20 percent each of their 2008 import quotas in a move to protect local production.

UAE READY TO INCREASE INVESTMENT IN RI

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Jakarta, Dec 18 (ANTARA) - The United Arab Emirates (UAE) is ready to raise investment in Indonesia for which it is waiting for offers from the latter on which sectors it can develop further, its e

BI PREDICTS ECONOMIC GROWTH 2009 AT 4.9 PCT

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Jakarta, Dec 18 (ANTARA) - Bank Indonesia (BI / the central bank) has predicted that Indonesia's economic growth will reach 4.9 percent in 2009, higher than World Bank prediction at 4.4 percent, a

UAE READY TO INCREASE INVESTMENT IN RI

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Jakarta, Dec 18 (ANTARA) - The United Arab Emirates (UAE) is ready to raise investment in Indonesia for which it is waiting for offers from the latter on which sectors it can develop further, its e

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