Indonesian Political, Business & Finance News

Archive: 2 November 2006

15 articles found

Indonesia asks Japan to increase electronics investment

Jakarta (ANTARA News) - Indonesia will ask Japan to increase its investment in petrochemical and electronic sparepart industries to strengthen the structure of the electronic industrial sector whose products had become major foreign exchange earners, Industry Minister Fahmi Idris said here...

ADB urges RI to change its investment climate

Jakarta (ANTARA News) - The Asian Development Bank (ADB) has urged Indonesia to improve its investment climate to reach its projected economic growth of six to seven percent, ADB Vice President Lawrence Greenwood said in Jakarta on Wednesday.

WB: Indonesia needs US$40 billion investment in power

Jakarta (ANTARA News) - State electricity company PT PLN needs an investment of US$40 billion until 2015 for the building of power plants, power transmission and distribution lines, a World Bank official has said.

Indonesia has potential to raise exports to US$100 billi

Jakarta (ANTARA News) - The Central Board of Statistics (BPS) believes that Indonesia has the potential to increase its exports to US$100 billion up to the end of 2006.The exports in 2006 up to September, or three fourths of the year, reached US$73.

EuroCham interested in telecommunications sector

Jakarta (ANTARA News) - The European Chamber of Commerce and Industry (EuroCham) is interested in making investment in telecommunications and transportation sectors in Indonesia.Those sectors are still relatively new in Indonesia, so they have the potential to develop and look promising for...

SBY courts investors at infrastructure summit

Jakarta (ANTARA News) - Indonesia's president urged foreign and domestic investors Wednesday to stump up funds to boost the nation's flagging infrastructure sector, arguing that new laws would assure profitability.Some 111 projects worth 19.

Government Prepares Three Alternatives for Financing B

TEMPO Interactive, Jakarta: The government is considering three alternatives for funding biodiesel projects, said Wimpie S. Tjetjep, Head of the Coordination Team for Alternative Energy Supply and Utilization Program, after a coordinating meeting on the alternative energy program.

No Incentives for Infrastructure Projects

TEMPO Interactive, Jakarta: The government will not grant special incentives to several of the projects offered in the Infrastructure Conference and Exhibition 2006, Finance Minister Sri Mulyani Indrawati insisted yesterday (10/31).

MRT Cooperation to be Signed End of November

TEMPO Interactive, Jakarta: The Indonesian and Japanese governments will sign a cooperation agreement for the Jakarta mass rapid transportation (MRT) project by the end of November.The Japanese government is offering a loan of US$800 million, or around Rp7.

Toll Road Projects Will be Hard to Sell

TEMPO Interactive, Jakarta: Sofyan Wanandi, Head of the National Recovery Committee, said toll road construction projects will be the most difficult projects to be sold.This is because investors are not yet convinced that the government can provide legal certainty as regards land acquisition.

Can-Asia Negotiates for Gold Property

Can-Asia Minerals Inc said it completing lengthy negotiations to acquire a controlling interest in a gold resource property in West Java.The company said in a press release issued Thursday (26/10/06) that it expects to sign an agreement on the acquisition before November 30.

Mobile-8 to Expand Networks

Publicly-listed telecommunications company Mobile-8 will extend its network to Sumatra, East Kalimantan, West Kalimantan and Sulawesi, hoping to increase the number of its subscribers to 4 million by the end of 2007, director Hidajat Tjandrajaja said recently.

Malaysia Eyes Opportunity

Comments by Malaysian companies ahead of this week’s infrastructure conference suggest they will take a lead in developing projects in the country.Leading law firm Zaid Ibrahim & Co says it will be bringing more than 30 Malaysian companies to the conference, noted that the delegation will...

Indonesia to offer 111 projects worth $16.74 bln

in other words all talk and no action ... they can offer as many projects as they want but it's actual delivery that counts.

Indonesia to offer 111 projects worth $16.74 bln

Jakarta (ANTARA News) - The government will offer 111 projects worth 16.74 bln usd at a two-day infrastructure summit that starts today, deputy coordinating minister for infrastructure Suyono Dikun said.He said the main target is to offer 10 projects worth 4.51 bln usd.