Indonesian Political, Business & Finance News

Archive: 21 January 2007

2 articles found

Though fuel oil prices down, development of biofuel still relevants

Jakarta (ANTARA News) - Coordinating Minister for the Economy Boediono said that the development of biofuel was still relevant to date though fuel oil prices continued to decline to less than US$50 per barrel. "The declining of fuel oil prices in the international market have an impact on biofuel profit calculations. But biofuel is more advantageous in terms of its premium price," the minister said here Friday.

Foreign investors begin eyeing RI as investment destination

Jakarta (ANTARA News) - Foreign investors have began eyeing Indonesia as an investment destination besides China, India and Vietnam thanks to its increasingly stable economic and political conditions, Bank Indonesia (BI) Governor Burhanuddin Abdullah said. "I think that the investment climate, political stability and macro economic conditions are getting better," he said on Friday. Foreign investors would only invest in a country which offered more favorable opportunities, he said.