A package of clear-cut incentives is needed if Indonesia's renewable fuel projects are to become a reality, says a senior executive of the world's third largest energy company, Shell. Shell Hydrogen vice president Duncan Macleod said that it was urgent for the government to provide support in the form of financial assistance and tax incentives for energy companies planning to invest in the environmentally friendly fuel sector. "For a start, it is not easy to develop clean fuel.

SINGAPORE (AP): Southeast Asian countries must together build a cohesive economic community to efficiently compete with China and India, but not at the expense of the environment, Singapore's prime minister said Saturday. Addressing a gathering of business and investment leaders ahead of the annual Association of Southeast Asian Nations summit starting Monday in Singapore, Prime Minister Lee Hsien Loong said ASEAN should be the root of Asian economic growth.

Denpasar, Bali (ANTARA News) - The Indonesian Geophysicists Association (HAGI) has signed a cooperation agreement with its United States counterpart to encourage foreign investment in Indonesia`s petroleum drilling industry. "The two sides signed the agreement on September 22, 2007. The agreement is expected to help attract foreign investors so that Indonesia`s oil production will increase," HAGI Chairman Abdul Mutalib Masdar said here on Thursday.

TEMPO Interactive, Batam: Riau Islands Governor, Ismeth Abdullah, said that foreign investment in ships is increasing, especially in special economic zones (SEZs), Batam, Bintan and Karimun. So far the Riau Islands government recorded that investment was US$1 billion. In Karimun, the preparation for welcoming a Korean investor, who will invest US$500 million, is taking place. The company is a consortium which built the largest dockyard in Southeast Asia, able to absorb 40,000 workers.