Mataram, West Nusa Tenggara (ANTARA News) - Three steam-powered electricity plants (PLTU) with a combined capacity of 107 megawatts will be built in West Nusa Tenggara (NTB) in an effort to anticipate power shortages and attract foreign investment in the province, a local government said.

Hong Kong (ANTARA News) - China's biggest coal producer, China Shenhua Energy, is planning a 4 billion US dollar bid for a controlling stake in an Indonesian coal producer, the South China Morning Post said Monday.

Toyota Motor Corporation (TMC) -- one of the world's largest automakers -- remains upbeat about its position in the Indonesian automotive industry, the firm's president, Katsuaki Watanabe, says."Indonesia constitutes not only an important market for us but also a major production base," Watanabe...

PT Central Proteinaprima (CP Prima), a member of Neptune consortium that manages Asia's top aquaculture company -- PT Dipasena Citra Darmaja, has signed a key agreement with local shrimp farmers.CP Prima, the world's top integrated shrimp producer and Indonesia's market leader in shrimp fry, shrimp...

State oil and gas firm PT Pertamina will team up with a local company, Wahana Universal, to build an oil refinery in East Java at a cost of US$20 million.Pertamina exploration and production director Hestu Bagyo said that the two companies had signed an agreement to build the refinery, which will...

Global payments company MasterCard Worldwide recently introduced its "World MasterCard" product in the region, which provides premium tailored payment services for its most affluent customers.In Indonesia, the premium payment card will be issued in cooperation with ANZ Panin, Bank Danamon and HSBC,...

Indonesia, Southeast Asia's largest economy, can expect relatively modest gains from a free trade agreement (FTA) between the European Union and the Association of Southeast Asian Nations, an independent study shows.

For centuries, art lovers and academics have debated over the smile on the face of the Mona Lisa, one of Leonardo da Vinci's masterpieces, which is now housed in the Louvre in Paris.Nowadays, at any rate, the smiles of Indonesian people leave foreigners, be they first-time tourists or expatriates,...

Denpasar (ANTARA News) - Bali exported goods worth US$1.5 million to Russia during the first nine months of 2007, according to information from the local trade and industry official.The value of the Balinese exports to Russia this year increased from US$1.

Jakarta (ANTARA News) - Energy and Mineral Resources Minister Purnomo Yusgiantoro said oil subsidy in the 2007 state budget is likely to soar to Rp87 trillion from Rp55 trillion previously because of the global oil price spiral.