The agricultural sector contributed 1.94 percent to South Kalimantan`s economic growth rate in the second quarter of 2010, according to a Bank Indonesia report.
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State oil and gas company Pertamina plans to sell a 66.7 percent stake in its subsidiary, Patrajasa, through an auction next month.
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Malaysian budget carrier Air Asia plans to resume its Kuala Lumpur-Palembang flights in October this year after nearly eight months of stoppage, a spokesman said.
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A survey by the National Banks Association (Perbanas) has shown that 39 percent of its members favor the proposed establishment of a financial services authority (OJK) to supervise banking and financial institutions.
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Bank Indonesia (BI) has set a new regulation of minimum reserve requirements based on loan-to-deposit ratio (LDR) with the lower limit of 78 percent and upper limit of 100 percent to boost credit growth under prudent principle.
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The government will continue to promote micro small and medium businesses to develop into new middle-class businesses, a chief economic minister said.
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A total of 341,664 Australian tourists visited the resort island of Bali in the first seven months of 2010, up 51.07 percent from a year earlier.
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- Bilateral trade ties between Malaysia and Indonesia are still strong despite the recent protests by the People`s Democratic Front in front of the Malaysian embassy in Jakarta.
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Bank Indonesia Governor Darmin Nasution said the country`s foreign exchange reserves were enough for six months of imports and paying government debts.
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