The government has received applications for license to build new bio-fuel factories with a total investment of $1.35 billion.Data at the investment coordinating board, BKPM, showed that 31 domestic companies and 24 foreign investors have sought license to invest Rp8 trillion ($888 million) and...

Japanese trading houses and power companies are preparing to launch several large projects in Indonesia, including power generation, the Nihon Keizai Shimbun learned on Monday (27/11/06).Marubeni Corp is partnering with three firms, among them a subsidiary of Korea Electric Power Corp, to build and...

PT BumiGas Energi plans to raise $308 million by selling bonds to finance the building of two geothermal power plants in Java, lead arranger, Malaysia’s Affin Investment Bank, said Monday (27/11/06).BumiGas will build a 120-MW plant in Dieng, Central Java and a 180-MW facility in Patuha, West...

State-owned Bank Tabungan Negara (BTN) plans to set aside Rp7.8 trillion ($855 million) to provide housing loans next year to meet rising demands for housing."But it (allocation) will still need approval from the shareholders," BTN director, Kodradi was quoted as saying by The Jakarta Post on...

State-owned Bank Mandiri said it will set aside credit worth Rp14 trillion ($1.55 billion) to finance the expansion of oil palm plantations and develop bio-diesel factories in 2007.The credits will be about 36% of the total credits extended by banks for the plantations sector, bank director, Abdul...

Jakarta and Seoul will sign a comprehensive strategic partnership agreement during a three-day state visit by South Korean President Roh Moo-hyun, which began Sunday (3/12/06). The pact includes 30 programs of action, as well as nine memorandums of understanding (MOUs) covering various industries.

President Susilo Bambang Yudhoyono on Monday (27/11/06) pledged his commitment to good governance after receiving an honorary doctorate during his visit to major investor Japan, where he set the seal on a framework for a free trade deal.

Indonesia is an attractive market for top global computer manufacturers, supported by the steadily improving economy over the past few years. Dell is one of several companies competing fiercely to tap the country's huge market.