The government is hoping Japanese electronics giant Panasonic will continue to invest in Indonesia despite the closure of two of the company's factories here recently. Industry Minister Fahmi Idris said Thursday in Jakarta that he would soon send a delegation to lobby Panasonic's executive board in Japan to keep investing in Indonesia.

PT Mobile-8 Telekom, the owner of CDMA-based mobile phone service Fren, recorded a 513 percent increase in net profit during the nine months ending Sept. 30 on the back of hefty growth in its subscriber base. The publicly listed company reported Thursday that following a 73.5 percent rise in the number of its subscribers, it booked a profit of Rp 55 billion during the first three quarters compared with Rp 9 billion a year earlier, chief financial officer Lucy Sutanto said. "The results ...

TEMPO Interactive, Jakarta: The government is asked to increase the market of non-oil and gas exports due to the present sluggish exports. This is by increasing the export destination countries. This was said by economic observer, Hendri Saparini, responding to the Central Statistics Agency (BPS) reporting that export performance during September went down 0.91 percent compared to August, 2007.

Makassar, S Sulawesi (ANTARA News) - More than 2.9 million foreign tourists visited Indonesia in the first eight months of 2007, up 13.47 percent from the same period last year, a tourism official said.

Strange, I know someone very well positioned for a bit off business there!

JAKARTA - Chevron Geothermal Indonesia Ltd, a unit of Chevron Corp. plans to expand its geothermal power capacity to meet growing electricity demand in the Southeast Asian country, a company official said on Thursday. Chevron currently has geothermal power plants with a total capacity of around 365 megawatts (MW) in West Java province. "We are very keen to expand our geothermal capacity.