Govt told to limit oil contracts with foreign firms The Jakarta Post, Jakarta Local companies grouped under the National Oil and Gas Caucus have asked the government to limit oil and gas cooperation contracts with foreign firms to one contract period. "If such contracts are to be extended then the relevant foreign companies have to be required to involve private local firms," the caucus chairman, Effendi Siradjuddin, said Sunday.

Australians need not be wary about doing business here: IABC executive Duncan Graham, The Jakarta Post, Surabaya It would be an error to assume all the Caucasians seen at any meeting of the East Java branch of the Indonesia-Australia Business Council (IABC) are Australian. Some are British nationals. Others are American, Indian and Dutch. Likewise with the members whose ethnicity appears Indonesian. Some have permanent residence status in Australia or are Australian citizens.

Indonesian economy continues to lose altitude The Jakarta Post, Jakarta If Indonesia's economy was a jumbo jet, it would be flying on the single engine of exports at the moment, with the other engines of private consumption, investment and government spending having stalled out.