Jakarta (ANTARA News) - Singapore's Temasek Holdings wants to merge Indonesia's Bank Internasional Indonesia (BII) and Bank Danamon pending approval from banking regulatory bodies here, BII said Thursday.Bank Danamon is the fourth largest bank in Indonesia by assets, while BII is the sixth largest.

Pangkalpinang (ANTARA News) - The management of state tin company PT. Timah invested 50 million US dollars in the production of downstream products including tin bars for the chemical industry, food industry, pharmaceutical industries, and others.

Tokyo (ANTARA News) - Marubeni Corp, Japan's fifth-biggest trading company, plans to launch five to 10 carbon credit projects in Indonesia next year, reaping 3 million credits by 2012, a company source said on Friday.

Whoop de doo! US$ 200 a year richer. Given the countries vast reserves of Oil, Gas, Minerals and other natural resources I'm sure that number could be significantly enhanced rather than national companies making obscene profits.

TEMPO Interactive, Jakarta: Bank Indonesia has estimated that next year per capita income will increase to US$2,000 per year.This is equivalent to Rp18.2 million per year at an exchange rate of Rp9,100 against the US dollar, or Rp1.5 million per month.

Mumbai (ANTARA News) - Moody's Investors Service said it sees the financial fundamentals of Indonesian banks remaining steady and has a stable outlook on them as they have escaped direct effects of global credit turmoil due to absence of exposures to structured debt products.

Jakarta (ANTARA News) - The government intends to divest its 40 percent stake in PT Merpati Nusantara Airlines next year as part of efforts to strengthen the company`s capital structure and make it the country`s third largest airline.

Nusa Dua, Bali (ANTARA News) - Finance Minister Sri Mulyani said the surge in the world oil price to US$80 per barrel will affect Indonesia`s economic growth although it showed a positive trend in the past year.