Indonesian Political, Business & Finance News

Archive: 23 October 2007

6 articles found

Cosmetics companies feel pinch as ladies tighten purse strings

Blessed with many friends in this country, my own experience tells me that Indonesian women have a distinctive ability to turn on the charm, changing situations and altering outcomes with a smile, a look and the unsaid word.That's not a generalization, even if it sounds like one.

Indonesia says Temasek breaking competition law

Jakarta (ANTARA News) - Indonesia's competition authority announced Monday that state-linked Singapore investment firm Temasek Holdings has broken the law relating to its ownership of two Indonesian mobile phone carriers.

Indonesia Slightly Miss Palm Oil Target – Minister

Indonesia forecast that it would miss a target for output of palm oil this year because of dry weather, exacerbating a shortage of the commodity that has helped drive the price to a record.“Last year, our production was around 16 million tons and this year the prediction was 17, but because of...

Dubai’s Limitless Eyes $1.7b Project

Limitless, a real estate arm of Dubai World, is looking to develop a mixed-use project in Jakarta at an estimated development cost of $1.7 billion.The company may invest about Rp2 trillion ($220 million) for a 30% stake in PT Bakrie Swasakti Utama, a unit of property developer PT Bakrieland...

Riau Islands Expects $5b Investment Over 5 Years

Riau Islands hopes to attract up to $5 billion in new foreign investment over the next five years after parliament passed a bill turning the area into a free trade zone, its governor said Wednesday (17/10/07).

Moody's Upgrades Ratings

Moody's Investors Service upgraded Indonesia's credit ratings on Thursday (18/10/07), citing progress in cutting its debt and ample foreign exchange reserves and trade surplus, which offer buffers against external shocks, Dow Jones Newswires reported.