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Toyota to agree to $16.4 million government fine

admin — Mon, 19 Apr 2010 02:54:36 +0000

Toyota is expected to agree on Monday to pay a fine of more than $16 million for a four-month delay in telling the government about defective gas pedals on its vehicles, the largest civil penalty i

Chavez: China to devote $20B to Venezuela projects

admin — Sun, 18 Apr 2010 03:13:07 +0000

President Hugo Chavez has announced an agreement with China that would have the Asian economic giant devote $20 billion to financing long-term development projects in Venezuela.

Geithner predicts passage of financial overhaul

admin — Sun, 18 Apr 2010 01:49:09 +0000

Treasury Secretary Timothy Geithner says a strong overhaul of the financial system will emerge from the current impasse in Congress and protect taxpayers against fraud and abuse in the financial in

Railway company to stop Parahyangan train service

admin — Sat, 17 Apr 2010 10:05:50 +0000

State railway company PT KAI will discontinue its Parahyangan train service plying the Jakarta-Bandung route as of April 27, 2010, due to a sharp decline in the number of passengers.

Toyota to recall 600,000 Sienna minivans

admin — Sat, 17 Apr 2010 00:59:25 +0000

Toyota Motor Corp.

Govt to inject more funds to resuscitate Merpati

admin — Fri, 16 Apr 2010 14:48:59 +0000

The government is likely to inject more funds to resuscitate PT Merpati Nusantara Airlines from collapse as it opts to avoid liquidating the state-owned airline company due to high costs.

Unemployment rate to drop to 7.6 percent

admin — Fri, 16 Apr 2010 07:44:31 +0000

The government estimated unemployment rate this year may decline to 7.6 percent if the economy expands 5.8 percent, assuming that every 1 percent growth will absorb 400,000 laborers.

Asian stocks down early, bucking Wall Street trend

admin — Fri, 16 Apr 2010 01:50:25 +0000

Asian stock markets fell in early trading Friday, bucking overnight gains on Wall Street as investors locked in profits amid a dearth of fresh leads.

Yudhoyono hopes Jakarta declaration will boost infrastructure

admin — Thu, 15 Apr 2010 10:41:46 +0000

President Susilo Bambang Yudhoyono expects the Jakarta Declaration, to be concluded in a conference, will help boost infrastructure development in the Asia-Pacific region.

UOB Indonesia merges with UOB Buana

admin — Thu, 15 Apr 2010 09:31:57 +0000

As many as 35 stock holders agreed Thursday to merge UOB Indonesia with UOB Buana under the name of UOB Buana.