Indonesian Political, Business & Finance News

Archive: 1 November 2006

10 articles found

Bapepam Investigates Inco’s Tender Offer

TEMPO Interactive, Jakarta: The Capital Market Supervisory Agency (Bapepam) has been examining the possibility of a tender offer from PT International Nickel Indonesia (Inco). That is regarding the acquisition process of Inco Indonesia’s holding company - Inco Limited (Canada) by Companhia Vale...

Indonesia facing 7 main economic development problems s

Jakarta (ANTARA News) - The Asian Development Bank (ADB) said Indonesia faced seven main problems in its economic development, poverty alleviation and reducing the unemployment, as projected in the National Medium-Term Development Plan, an official said.

Muara Enim power project: Chicken-and-egg situation

Reporters from major newspapers covering president Susilo Bambang Yudhoyono's visit to Shanghai, China wrote that China Huadian has eventually entered into a JV agreement with Indonesian partners to build the US$2.1 billion coal-fired power plant in Muara Enim, South Sumatra.

Infrastructure Project Depends on Minister

TEMPO Interactive, Jakarta: The Infrastructure Conference and Exhibition 2006 (IICE 2006) will offer a number of ready-to-build infrastructure projects. Chris Kanter, Head Organizer of IICE 2006, said that details on the projects will be offered by the technical department.

Jakarta shares end up in the morning

JAKARTA (Antara): Share prices closed the morning session higherafter a week-long holiday break, with gains in mining stocks suchas Aneka Tambang and INCO, lifting the composite index to a newintra-day high.

Japan to host Yudhoyono amid FTA hopes

TOKYO (AP): President Susilo Bambang Yudhoyono willvisit Japan in late November, Japan’s Foreign Ministry saidTuesday, as the two countries work toward reaching a free tradeagreement.Yudhoyono is expected to meet Japanese Emperor Akihito andEmpress Michiko, as well as Prime Minister Shinzo Abe...

The spat over the split

Neither the Indonesian government nor ExxonMobil will gain from a protracted spat over the status of the production-sharing contract for the development of the Natuna D-Alpha natural gas block in the East Natuna Sea.

Regions offer major investment projects

Domestic and foreign investors will have plenty of tempting opportunities laid out before them this week.On top of large, national-level projects that the central government plans to offer at the upcoming infrastructure conference, the regions are also lining up ventures for investors to put their...

Banks urged to lower lending rates

Andi Haswidi, The Jakarta Post, JakartaThe Association of Indonesian Retailers (Aprindo) has urged the country’s banks to lower their lending rates in line with the central bank’s benchmark rate so as to enable them to expand their businesses.

Govt selects 10 projects to serve as pilots

Urip Hudiono, The Jakarta Post, JakartaThe upcoming three-day “Indonesia Infrastructure Conference and Exhibition 2006” will not only showcase major investment opportunities, but also the government’s progress in improving the country’s investment climate.