Astra International Aiming at Electricity Power Generating Plant Projects Thursday, 12 October, 2006 | 15:26 WIB TEMPO Interactive, Jakarta: PT Astra International Tbk is targeting several of electricity generating plant and toll road projects that the government is going to offer. This automotive company is actively expanding into various business divisions such as banks and mines.

Flexi BTS Tender Participants to be Announced Next Week Thursday, 12 October, 2006 | 16:07 WIB TEMPO Interactive, Jakarta: PT Telekomunikasi Indonesia (Telkom) Tbk. will announce the telecommunication vendors that passed the selection for the Flexi base transceiver station (BTS) construction tender on Monday (16/10). Arwin Rasyid, Telkom’s Managing Director, said that there are three vendors had passed the tender selection, however, he refused to name the vendors. “Later.

Supreme Court cannot be above the law T.Sima Gunawan, Jakarta Mirror, mirror on the wall, who is the mightiest of them all? If the mirror could speak, it might say: The judge. A police officer has a pistol, a soldier has a machine gun and a journalist has a pen, which can be mightier than a firearm. But in Indonesia the judge's gavel tops them all. Police officers, soldiers, journalists, people of every profession, including the President, are expected to work properly.

Epson to raise investment in Indonesia Jakarta (ANTARA News/Asia Pulse) - PT Indonesia Epson Industry said it will increase its investment in the country by US$20 million next year to expand its printer production capacity by 10 per cent. Company Vice President Eiichi Abe said Epson, which produces around 1 million units of printer with sales valued at US$1 billion every month, has so far invested US$200 million in the country.

SBY: 'I APPEAL TO DOMESTIC INVESTORS TO DO BUSINESS IN OUR OWN COUNTRY' President appeals to domestic investors to invest their capital in home country. “I read in many mass media that Indonesian entrepreneurs also invest in many countries. There is indeed, no restriction in our regulation, and it’s legal. People said that capital does not have nationalism. Come to the country where there is a good investment climate.

President Requests Increase in Export of Services Thursday, 12 October, 2006 | 13:25 WIB TEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono has stated that it is high time for Indonesia to change its export focus from goods to services. Yudhoyono said he was optimistic that Indonesia's exported products have a large potential in the international market make use of the richness of local cultures as its basis.

Funds Parked in Singapore Belongs Mainly to Embezzlers Thursday, 12 October, 2006 | 13:29 WIB TEMPO Interactive, Jakarta: Indonesian Corruption Watch (ICW) suspects that a large part of the Rp506.8 trillion in funds parked in Singapore is owned by former embezzlers of state and private national banks. Teten Masduki, the Coordinator of ICW, said that there were in fact some law-abiding Indonesians who have assets and save their funds in Singapore.

Bumi resources to buy back shares Jakarta (ANTARA News) - Publicly-listed coal mining company PT Bumi Resources (BUMI) is planning to buy back its share from October 11, 2006 to November 17, 2007, a spokesman said here Wednesday. BUMI would buy back 1,940.40 million shares at the price not higher than the company`s previous share sale price as the Capital Market Supervisory Agency (Bapepam) had regulated, BUMI director Eddie J Sobari told the Jakarta Stock Exchange (JSX).

President orders trade ministry to begin addressing services export sector Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has ordered Trade Ministry officials to begin seriously handling the services export ssctor so that the country weuld not remain an exporter of goods only.

Top traders get SBY's seal of approval The Jakarta Post, Jakarta President Susilo Bambang Yudhoyono presented the Primaniyarta Awards to 23 companies assessed as the best performing exporters this year, and praised them as economic heroes during a ceremony Wednesday. He said that total exports this year could reach US$100 billion as they amounted to $64.6 billion during the first eight months alone, up 17.1 percent from the same period last year.

Fight the haze or choke investors, Lee warns RI The Jakarta Post, Jakarta Singapore Prime Minister Lee Hsien Loong has written to President Susilo Bambang Yudhoyono to express his disappointment over smog from land-clearing fires in Indonesia that have blanketed parts of Southeast Asia.

Production at Cepu Block Delayed until 2009 Thursday, 12 October, 2006 | 08:57 WIB TEMPO Interactive, Surabaya: The work program and budgeting (WP&B) for the management of the Cepu Block at Bojonegoro has been delayed. It was previously scheduled that the WP&B would be accomplished in August of this year. Up until now, the Oil and Gas Executing Body (BP Migas) is yet to give its approval.