Only Small-Sized Biofuel Enterprises to be Granted Incentives Friday, 01 September, 2006 | 13:48 WIB TEMPO Interactive, Jakarta: The government will only grant incentives to small-sized enterprises that develop vegetable-based fuel or biofuel. “We won't give incentives to large-sized enterprises. It will be especially granted for small- and medium-sized enterprises as well as cooperatives.

Government to auction 400 property assets The Jakarta Post, Jakarta Asset Management Company (PPA), a state agency set up to manage assets formerly handled by the Indonesian Bank Restructuring Agency (IBRA), is putting 400 of its property holdings up on offer in an open auction, to help finance this year's budget deficit.

Multi Sindo Utama to Build Paint Factory in Indonesia Thursday, 31 August, 2006 | 19:59 WIB TEMPO Interactive, Jakarta: PT Multi Sindo Utama, the sole distributor of Insultec paint from Australia, is planning to build production facilities in Indonesia in order to enhance its market share here. According to Tommy Irawan, the Managing Director of PT Multi Sindo Utama, the company has signed an agreement with Insultec Technology Australia for distributing and manufacturing the paint in Indonesia.

Government to Accelerate Kerosene Conversion Program Thursday, 31 August, 2006 | 19:48 WIB TEMPO Interactive, Jakarta: The government is to accelerate the kerosene conversion to liquefied natural gas (LPG) program from six to four years. The total of kerosene to be converted is targeted to reach 90 percent of kerosene consumption, or around10 million kiloliters. “We can do this because Indonesia is an LPG producer,” said Vice President Jusuf Kalla when visiting Pertamina yesterday (30/8).

Four Harbors Proposed as International Ports Thursday, 31 August, 2006 | 19:56 WIB TEMPO Interactive, Jakarta: The Indonesian Maritime Council has proposed that four local harbors are turned into international hub ports. The four harbors include: Bitung, North Sulawesi; Sorong, Papua; Sabang, Nanggroe Aceh Darussalam; and Kupang, East Nusa Tenggara.

Government Only Wants to Sell PGN Above Market Price Thursday, 31 August, 2006 | 19:58 WIB TEMPO Interactive, Jakarta: The government has signaled that it will only sell the shares of PT Perusahaan Gas Negara Tbk (PGN), the state gas company, above the current market price. Sugiharto, the State Minister for State-Owned Enterprises (SOEs), has said that the share price of the gas company is currently declining to around Rp12,000 per share.