Indonesian Political, Business & Finance News

Archive: 21 December 2006

5 articles found

Capital Investment Twice Higher

TEMPO Interactive, Jakarta: The improving Indonesian macroeconomic situation is stimulating the country’s investment climate.M. Luthfi, Head of the Investment Coordinating Board (BKPM), said that the growth of foreign investment this year has increased by 18.6 percent compared to last year.

Huawei Keeps Focusing on Indonesian Market

TEMPO Interactive, Shenzhen: Huawei Technologies Co. Ltd., a telecommunications solution company from China, will not only sell its products at cheap prices.However, according to Fu Jun, Huawei’s global spokesperson, the company’s products are as competitive of those of other companies.

BI not to change foreign exchange policy

Jakarta (ANTARA News) - Governor of Bank Indonesia (BI) Burhanuddin Abdullah has said that the central bank would not change its foreign exchange policy in connection with the new rules of the Bank of Thailand (BoT) which restricted the flow of foreign currencies out of the country.

Govt denies appointing Microsoft as official supplier

Jakarta (ANTARA News) - Communication and Information Minister Sofyan Djalil denied on Tuesday that his office has appointed US software maker Microsoft as an official supplier of software to government agencies.

IHI, Sojitz to produce gas in Indonesia using coal

Tokyo (ANTARA News) - Ishikawajima-Harima Heavy Industries Co Ltd will join forces with trading house Sojitz Corp to launch gas production in Indonesia, using less expensive, low-grade coal, the Nihon Keizai Shimbun reported, without citing sources.