Jakarta (ANTARA News) - Indonesia's gross domestic product grew 3.49 pct in the third quarter compared to the previous three months and was up 5.52 pct year-on-year, said Central Bureau of Statistics chief Rusman Heriawan.The figures met market expectations.

Jakarta (ANTARA News) - The decline in realized foreign invstment projects in the January-October 2006 period by 47.6 percent compared to a corresponding period last year was more caused by "bad luck" than anything else, presidential spokesman Dino Patti Djalal said here Thursday"There has indeed...

In the last few weeks, Koran Tempo consistently run the story about ellegation that state-owned oil and gas company PT Pertamina appointed US consulting firm McKinsey without proper tender. Pertamina agrees to pay around US$15 million to McKinsey as consultant for transformation program.

Multa Fidrus, The Jakarta Post, TangerangState airports operator PT Angkasa Pura II is set to build a new Rp 3.3 trillion (about US$300 million) international airport at Kualanamu, about 24 kilometer northeast of Medan, North Sumatra, to replace the severely congested Medan Polonia airport.

Armed with a new marketing strategy, China-based computer manufacturer Lenovo launched its first consumer-oriented products in Indonesia on Wednesday to tap into the country's growing personal-computer market.

TEMPO Interactive, Jakarta: Ari Sumarno, PT Pertamina Managing Director, has acknowledged the appointment of the consultant McKinsey for the transformation program was carried out without tender.The pattern of consultant appointment was by a 'beauty contest'.

TEMPO Interactive, Jakarta: PT Perusahaan Gas Negara Tbk (the State Gas Company) is targeting to gain two million customers by 2010.Managing Director of the company W.M.P. Simandjuntak has said that in order to reach this target, the company requires capital expenditures of around US$1 billion or...