Indonesian Political, Business & Finance News

Archive: 19 November 2007

3 articles found

Indonesia`s Bakrie to invest US$11.1 bln on major infrastructure projects

Jakarta (ANTARA News/Asia Pulse) - PT Bakrie & Brothers (B&B)(JSX:BNBR) said it will invest Rp100 trillion (US$11.1 billion) up to 2011 in major projects including oil and gas pipeline, power generating, toll road and telecommunication projects. A blueprint has been drafted that will bring the company, which is owned by Coordinating Minister for the Public Welfare Aburizal Bakrie, to the ranks of global players, its President Bobby Gafur Umar said.

Legal certainty

Letter to the editor, published by The Jakara Post: Legal certainty I am the manager of the SE Asian division of a large international retail corporation, currently staying in Bali. This is my ninth time to visit Indonesia and I would dearly love to open and do business here. However, I fear that will be impossible for at least another 10 years or so. The stores are full of pirated and illegal merchandise here. The police and courts are indifferent to this.

Foreign investors invited to tap Indonesia`s oil fields

What do you guys mean? Is there a load of untapped oil reserves? If so, why can't either the Indons or foreign companies get at it? Too deep/expensive? Too much bureaucracy? or What?