Garuda targets 35.2 million passengers in 2015

Indonesian flag-carrier Garuda Indonesia has announced that it is targeting to transport 35.2 million passengers in 2015, based on continuing positive signals from the Indonesian economy, the airline’s director says.

An Attorney General’s Office (AGO) official says the prosecutor monitoring commission has received 1,500 reports regarding problematic prosecutors so far this year.

Stop the slaughtering: An activist wearing an orangutan mask plays dead in front of the Jakarta Police Headquarters during a rally staged by ProFauna Indonesia protesting the slaughter of orangutans in Kalimantan by palm oil producers. An investigation is currently being carried out by the National Police Not ready yet: Imparsial operational director Bhatara Ibnu (From left to right), program director Al Araf and Research Coordinator Gufron deliver the organization’s stance on a discourse on giving military officers the right to vote in general elections. Imparsial argued that the military was not ready to participate in a democratic election. (JP/Jerry Adiguna) Tax men: Two tax officers collect data from a shop owner in Temanggung, West Java, on Thursday, as part of a tax census and education program. (Antara/Anis Efizudin) We want more: Thousands of labor workers stage a rally in Bekasi, West Java, on Thursday, creating massive traffic congestion. The workers were demanding that the local government raise workers’ minimum pay. (Antara/M. Agung Rajasa) On tap: An employee of Pertamina Hulu Energy Offshore North West Java (PHE ONWJ) is working at the firm’s production site in Blanakan district in Subang, West Java, on Thursday. PHE ONWJ supplies gas for a power plant and Tanjung Priok Port in North Jakarta, and for fertilizer producer Pupuk Kujang’s factory in Cikampek, Central Java. (JP/R. Berto Wedhatama) Newlyweds: President Susilo Bambang Yudhoyono’s youngest son, Edhie Baskoro Yudhoyono, touches the forehead of his bride, Siti Rubi Aliya Rajasa, during their wedding ceremony at Cipanas State Palace in West Java on Thursday, while the President and First Lady Ani Yudhoyono look on. The Navy Day: Cadets stand on the sail yards of the Mexican navy tall ship Cuauhtemoc as it arrives at the port of Acapulco, Mexico, marking the Day of the Navy on Wednesday (Thursday in Jakarta). The sail training vessel Cuauhtemoc, named after the last Aztec emperor, returned to port after being at sea for nine months. The new speaker: In this photo taken on March 23, 2011, Peter Slipper (right) the deputy speaker of Australia’s House of Representatives, meets with Rebiya Kadeer, president of the World Uyghur Congress, in Parliament House, Canberra. Australia's Parliament elected opposition lawmaker Slipper as its new House speaker on Thursday.

Garuda launches IPO on Wednesday

The Jakarta Post, Jakarta | Wed, 02/02/2011 10:38 AM | Business

After a two-week international roadshow, PT Garuda Indonesia Tbk will launch its highly anticipated initial public offering on Wednesday.

Garuda’s entry into the Indonesian Stock Exchange (IDX) will be preceded by the opening of the Bank Mandiri building next to the IDX building on Jl Sudirman, South Jakarta on Wednesday, as reported by tribunnews.com.

PT Garuda previously announced it would offer IPO shares in trading sessions on Feb 2., Feb 4. and Feb 7.

Garuda set to announce IPO share price

The Jakarta Post, Jakarta | Wed, 01/26/2011 10:50 AM | Business

National flag carrier Garuda Indonesia says it will announce the price of its shares for its initial public offering (IPO) on Wednesday.

“We have reached a decision on the price, but based on ruling we will only announce this on Wednesday afternoon after reporting the share price to the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK),” Garuda finance director Elisa Lumbantoruan said Tuesday as quoted by tribunnews.com.

Garuda management met with members of the State Enterprises Ministry, an underwriter and international selling agent on Tuesday to decide on the price.

Garuda has planned to offer 9,362,429,500 shares, or 36.48 percent of its total stock, to the public via an IPO and expects to raise $350 million from them.

Garuda still serves European route despite extreme weather

Nani Afrida, The Jakarta Post, Jakarta | Fri, 12/24/2010 12:16 PM | Business

State flag carrier Garuda Indonesia announced Friday that the company still served its European route despite the extreme weather Europe had been experiencing recently.

“Our schedule to Europe is still normal,” Ikhsan Rosan, Garuda’s public relations officer, told The Jakarta Post on Friday.

He said no flights on the route had been canceled.

European countries have been experiencing extreme winter in recent weeks, with heavy snowfall and a drop in temperature. The condition has disrupted the transportation system, particularly air transportation.

Currently, flies the Garuda Jakarta-Amsterdam route. It plans to open four other routes to Europe, namely Italy, Britain, France and Germany in February, next year.