13 Asian nations agree to set up US$80 bil crisis fund

"China, Japan and South Korea will provide 80 percent of the funds, with the rest coming from the 10 members of ASEAN, they said in a joint statement issued after talks on the sidelines of an Asian Development Bank meeting in Madrid.The 13 nations agreed after the 1997-98...

Cost of family health insurance nationwide increasing dramatically

" The cost of family health insurance nationwide is increasing dramatically for employees without anywhere near an equivalent increase in family income. If this trend continues, more workers are likely to become uninsured because of the expense.The amount workers pay for...

New Zealand wishes restoration of Garuda Indonesia`s presence

""We believe that Garuda is not only important as a flight carrier, but especially as a national flag carrier, as well as an effective means of promotion," chief spokesman at the Indonesian embassy in Wellington, First Secretary Tri Purnajaya told ANTARA on Thursday.He said...

Indonesian consumer demand to support economy against global slowdown - IMF

"The economy has also become more resilient towards external financial instability, given its higher foreign exchange reserves and a declining external debt ratio to gross domestic product, he said."I think Indonesia's economy will resist the global economic slowdown due to...

Add Driving to Home Cost

" The real cost of housing is significantly higher than we think when transportation is factored into the equation, according to a joint study by the Center for Neighborhood Technology and the Center for Transit Oriented Development.Based on $2.941 per gallon AAA estimates...

Pay-As-You-Drive Auto Insurance

"  Among the list of green ideas to get the economy moving the Center for Economic and Policy Research is promoting the Pay-As-You-Drive Auto Insurance. According to the New York Times ( STEPHEN J. DUBNER and STEVEN D. LEVITT, April 20, 2008) G.M.A.C. has begun using...

Tax Freedom Day

"   Each year, the Tax Foundation releases a report projecting “Tax Freedom Day,” which it describes as the day when “Americans will finally have earned enough money to pay off their total tax bill for the year.”  Tax Freedom Day is calculated by taking...

Krakatau to build integrated steel plant in S Kalimantan

""In the first phase of the project we will build a billet plant in South Kalimantan," PT Krakatau Steel President Director Fazwar Bujang said here on Tuesday.The presence of such billet plant was badly needed to make maximum use of the production capacity of the domestic...

"Indonesia Week" to be held in Beijing, September

""We actually want to hold it in August, but as it is not allowed to do so, we will hold it in the following month," Rosmalawati Chalid, the head of the Indonesian Embassy`s Social and Cultural Function in Beijing, said here on Monday.She said the Embassy initially wanted to...

Stock Trading - An Overview

"Introduction So many people have asked me, “What do I need to do to trade stocks in Kenya or here in the United States.” While I do not claim to be the resident expert, I have been trading long enough to narrow this answer to four main phases: READ, PLAN, FUND, TRADE....

Govt advised not to sell Krakatau Steel to Mittal

"The State Enterprises (BUMN) Watch asked the government on Sunday to drop its plan to sell state-owned steel company PT Krakatau Steel to the world`s biggest steel company Arcellor Mittal under a strategic sales scheme.If the government was to privatize PT Krakatau, it...

Singapore third biggest trade partner of RI: Envoy

""Our exports to Singapore is the third biggest after those to Japan and the United States. Last year`s data from the Central Bureau of Statistics showed that our exports Singapore reached more than 9 billion Singapore dollars," the ambassador said.In terms of foreign...

Indonesia to stop import used machines starting next year

""The government`s policy on used machinery imports will be reviewed. The import of used machines will be stopped in 2009, meaning that the imports will be put to an end in December," Director General for Metal, Machinery, Textile and Multifarious Industries at the Industry...