Promising sources of Dutch investment end up in other Asian countries due to legal uncertainty, a Dutch-Indonesian businessmen association executive said. Chairman of the Indonesian-Netherlands Association Irwan M.

Depok, West Java (ANTARA News) - Defense Minister Juwono Sudarsono said his ministry was considering to take legal action against the party that had put out an advertisement offering to sell two Indonesian islands in West Nusa Tenggara province. "The advertisement (which appeared in an internet website recently) is false and illegal" and therefore had to be investigated and acted against, he said.

Jakarta (ANTARA News/Asia Pulse) - Emaar International Properties LLC from Dubai pledged to draw more Middle-east tourists to Indonesia after it completes a tourist resort project in Bali's neighboring island of Lombok. The project, expected to cost around US$600 million, will be built over a 12-hectare plot of land on the Mandalika beach of Central Lombok, and is to be completed in 2009.

TEMPO Interactive, Jakarta: Finance Minister Sri Mulyani has stated that targeted national economic growth next year could still be above 6.8 percent despite the sluggishness of both global and United States economic growth. National economic growth, she said, could still be assisted by the high export demand from India, China and other countries in the Asian region.

 Originally Posted By: KuKuKaChu Indonesia failing to cash in on mineral surge: analysts Indonesia is failing to cash in on a global surge in mineral prices, with the country's confusing business environment turning off major new investment, analysts say. .... Royalties and taxes that previously flowed to Jakarta are now staying in the regions -- and often ending up in the pockets of local officials, he said.

Singapore (ANTARA News) - State-linked investment firm Temasek Holdings said Tuesday it has raised its stake in Indonesia's sixth largest bank, PT Bank Internasional Indonesia (BII), as a result of its increased stake in Sorak Financial Holdings Pte Ltd. Temasek has lifted its stake in Sorak, which owns slightly more than 56 percent of BII, to 75 percent from 50 percent.

Denpasar, Bali (ANTARA News) - Indonesia has potential geothermal energy sources of 27,000 MegaWatt (MW) or 40 percent of the world`s total reserves, Energy and Mineral Resources Minister Purnomo Yusgiantoro said here on Tuesday.

Jakarta (ANTARA News) - Indonesia`s rice price is 30 percent higher than the world market price making it uncompetitive in international trading, State Logistics Agency (Bulog) Chief Mustafa Abubakar said. "It will be difficult for us to export rice. Therefore, Indonesia`s rice price should be lowered to a level close to the international price," Mustafa said here Tuesday. Currently, the world rice price ranged between Rp3,000 and Rp3,500 per kg.

Nusa Dua (ANTARA News) - President of Indonesia Susilo Bambang Yudhoyono Tuesday appealed to the private sector to increase its role in developing biofuel which is environment-friendly and more economical than fossil fuel. The president made the appeal when visiting a Sugar Group Companies (SGC) pavilion in a Cool Energy Exhibition held on the occasion of the United Nations Framework Convention on Climate Change (UNFCCC) on Tuesday. "I hope it will be developed further," he said.