Singaporean Entrepreneurs to Invest in Manufacturing Friday, 22 September, 2006 | 14:49 WIB TEMPO Interactive, Jakarta: A number of Singapore entrepreneurs intend to expand business partnerships in Indonesia especially in the areas of shipping , agroindustry and services. Agus Tjahajana, the Secretary General of the Department of Industry, said that Singaporean entrepreneurs are looking for industries that will support their businesses.

Corruption Hampers Indonesian Economic Growth Friday, 22 September, 2006 | 14:56 WIB TEMPO Interactive, Jakarta: The high rate of corruption has been the cause for the low economic growth in Indonesia compared to other developing countries. “Corruption is considered as quite high a risk for business and investment in Indonesia,” said Paul A Volcker, the former member of the Board of Directors of the US Central Bank, yesterday (21/9) in Jakarta.

Private Ownership to Join the Railway Business in Early 2007 Friday, 22 September, 2006 | 15:27 WIB TEMPO Interactive, Jakarta: Private ownership can join the railway business starting at the beginning of next year. This is in line with the agreement between the government and the House of Representatives (DPR) on Wednesday (20/9) to complete the Railway Bill by the end of this year at the latest.

Indonesia's Mobile-8 gets $70 million loan from Lehman Brothers Jakarta (ANTARA News) - Lehman Brothers has given Cellphone carrier PT Mobile-8 Telecom, a 76.01 pct-owned unit of PT Bimantara Citra, a 70 mln-usd loan facility, Mobile-8 said. The rate of interest is the LIBOR plus 6 pct, XFN-Asia reported citing the company. The loan facility is secured against 70 mln Mobile-8 warrants.