Foreign Investors Interested in Jakarta Wednesday, 16 August, 2006 | 17:06 WIB TEMPO Interactive, Jakarta: : Investors still regard Jakarta as a city that is attractive in terms of investment. “From the Jakarta International Investment Expo, five investors have already signed Memorandum of Understanding (MoU) with us,” said Samsulhadi, Head of Investment Board for Jakarta Province, today (16/8).

World Bank asks Indonesia to return project loans due to corruption Jakarta (ANTARA News) - Amidst the government`s serious efforts to combat corruption, the World Bank was reported to have cancelled, the first time in Indonesian history, its plan to provide funds for projects in Indonesia, and even asked for a return of project loans.

Govt puts 41 oil and gas contracts on the block The Jakarta Post, Jakarta The government is inviting foreign and domestic investors to exploit 41 onshore and offshore oil and gas blocks in onshore and offshore Sumatra, Kalimantan, Sulawesi and Java under production-sharing schemes to help boost the country's dwindling oil production.

Indonesia finally gets 3G; Telkomsel leading the pack Andi Haswidi, The Jakarta Post, Jakarta The country's largest cellular operator, PT Telkomsel, launched its third-generation (3G) service Tuesday, marking the first commercial introduction of 3G to Indonesia. "Today marks the start of a new era in the world of Indonesian cellular telecommunications," said Telkomsel president director Kiskenda Suriahardja.