Indonesian Political, Business & Finance News

Archive: 23 January 2007

11 articles found

RI`s oil output expected to increase by 80,000 BPD

Take Madura and Oyong out of the equation. The pipeline used to export from these fields is the one which blew up in Sidoarjo!

RI`s oil output expected to increase by 80,000 BPD

Jakarta (ANTARA News) - Indonesia`s oil output this year is expected to increase by 80,000 barrels per day after eight new oil fields have come on stream, an oil industry official said."With the increase in output, we are optimistic the national oil production target of 1.

Total plans $6 bln investment in Indonesia

Paris-based oil and gas firm Total plans to increase investment by 6 billion US dollars in its Indonesian unit for the next five years, its CEO said here Monday."We have doubled investment to 1 billion dollars in the last three years.

Es Teller 77 becomes icon of local franchise business

The Es Teler 77 franchise has been setting benchmarks for Indonesian franchisees and their businesses since its creation.The business's founder calls himself Mister Teler (Drunken Man), but no drunkenness is involved in the running of his 25-year-old company, which has been a pioneer in the...

Hutchinson to Invest US$1 Billion in 2007

TEMPO Interactive, Jakarta: PT Hutchinson Telecommunications will invest US$1 billion, or around Rp9.1 trillion, for required capital expenditures this year.Siddharta Sidik, a Director of Hutchinson Telecommunications, said that the plan was aimed at expanding the services network.

Government Preparing CPO Policies

TEMPO Interactive, Jakarta: The government will revise its policies on crude palm oil (CPO) so that the product becomes a first-rank exported commodity without reducing domestic supplies.Minister of Industry Fahmi Idris said that in order to develop downstream industries, five million tons of CPO...

Government to Expand Role of Investment Agency

TEMPO Interactive, Jakarta: The government is going to expand the role of the Government Investment Agency.According to Finance Minister Sri Mulyani, initially, the Government Investment Agency only received a mandate of granting investment bail-out funds for infrastructure projects that used...

Indosat Targeting Revenues of Rp1 Trillion

TEMPO Interactive, Jakarta: PT Indonesian Satellite Corporation Tbk (Indosat) is targeting revenues of Rp1 trillion from corporate business solution services in 2007.Bambang Priantono, Senior Vice President of National Corporate Sales of Indosat, said that Indosat would develop a new optical cable...

Reforestation in Java to be Completed in 2010

TEMPO Interactive, Yogyakarta: Transtoto Handhadari, the Managing Director of Public Company Perhutani, has stated that by 2010, leafless forests in Java must be replanted.In order to implement this goal, the government will prosecute illegal loggers and others involved.

RI, Denmark explore alternative energy cooperation

Jakarta (ANTARA News) - Indonesia and Denmark have agreed to explore a cooperation in the use of efficient energy and alternative energy in place of fuel oil, Indonesian Foreign Affairs Minister Hassan Wirayuda said here on Monday.

Cepu oil production delayed for ten months

Jakarta (ANTARA News) - ExxonMobil has officially told the government of the delay for 10 months of its oil production at Cepu Block oil field in Central Java from the initial target in the first quarter of 2009.