Former Indonesian Military Chief Gen. (ret.) Endriartono Sutarto could be appointed as president of Indonesia’s state-owned oil and gas company PT Pertamina, according to two sources in Jakarta, replacing incumbent President Ari H. Soemarno, who took over the spot in March.

Jakarta (ANTARA News) - Vice President Jusuf Kalla ordered state-owned oil company Pertamina here on Monday to immediately overcome its kerosene supply shortage to several parts of the country.The vice president summoned the head of the oil and gas upstream business management board (BPH Migas)...

Medan, North Sumatra (ANTARA News) - National cacao exporters are still facing problem with finding good quality cacao at home amidst increasing demand for good quality cacao in the world market, a cacao exporter said here on Monday.

TEMPO Interactive, Jakarta: Purchase of apartments in Singapore by Indonesian citizens between 2003 and 2005 continues to rise.In 2003, Indonesians bought as many as 500 apartments in Singapore and in 2004 the number rose to 600.The amount rose again in 2005 to 830 apartments, or an average19.

We're very optimistic about the footwear industry here: AdidasUrip Hudiono, The Jakarta Post, JakartaIndonesia's footwear industry appears to be showing signs of recovery, after experiencing a slump since the Asian financial crisis and losing out in competition for export production from other...

Japan International Cooperation Agency (JICA), through its community empowerment program (CEP), is preparing a number of development projects valued at US$15 million in South Sulawesi."The South Sulawesi administration and the Japanese government have signed an agreement to carry out development...

PT Essar Indonesia, a local affiliate of India-based conglomerate Essar Group, will build a pellet factory at a cost of US$500 million on Kalimantan island to strengthen its presence in the country's steel industry, an official says.

With the interest rate's downward trend, Indonesia's major banks will have more room next year to expand their lending, which has been fairly low for the past two years.Banking analysts have estimated that the easing of inflation will allow central bank Bank Indonesia to further lower its key rate...

Kuala Lumpur (ANTARA News) - A merger of three Malaysian plantation conglomerates will create the world's largest listed palm oil estate, and boost the country's status as a palm oil producer amid growing regional competition, analysts said.