Joniansyah, Tangerang – More than 18 thousand employees from various companies in the Jakarta satellite city of Tangerang are now unemployed. They lost their jobs because the companies where they worked closed down.
Economy & Investment
Displaying 71-80 of 83 Articles
May 2008
February 2008
Jakarta – The government’s economic growth target for 2007 of 6.3 percent has been reached. But growth in the manufacturing and agricultural sectors – which supports real sector growth – continues to weaken.
July 2007
Banda Aceh – A plan by the Aceh government to liquidate the Asean Aceh Fertilizer (AAF) factory and have it managed by a foreign company has been opposed by the Aceh People’s Party (PRA). The PRA is instead calling for the government to restart operations at the factory.
Indra Shalihin, Jakarta – Wearing traditional woven bamboo hats, housewives, farmers and student went to the Constitutional Court on Thursday July 5 to demand that Law No. 25/2007 on Capital Investment be revoked.
March 2007
The following statement was to be presented during action by the National Liberation Party of Unity (Papernas) at the Hotel Shangri-La in Jakarta on March 29 to protest a meeting on the Millenium Development Goals and the newly passed Foreign Investment Law.
Muhammad Nur Hayid, Jakarta – The ratification of the Draft Law on Capital Investment by the House of Representatives (DPR) is drawing opposition. The Poor People’s Network (JRM) opposes what they call a new form of colonialism and are urging the DPR not to ratify the draft into law.
Muchus Budi R., Solo – Scores of people demonstrated at the Gladag roundabout in the Central Java city of Solo on March 13 opposing the ratification of the Draft Law on Capital Investment because it fails to side with the interests of the people.
April 2006
After triggering a wave of protests, the government’s version of the draft revision of the labour law has been canceled.
October 2005
Ahmad Yunus, Bandung – It is indeed appropriate for Bandung to be called a sea of factory outlets. But, did you know that some of the buildings that have magically become factory outlets are actually official military residences? That is what has happened in the city of blossoms.
June 2005
M Fajar Marta, Jakarta – The domination of foreign interests in the domestic banking industry continues to grow. As of March, banks owned by foreign interests were in control of as much as 42.33 per cent of the domestic banking industry meaning it has now eclipsed the domination by state owned banks.