Cellular company PT Mobile-8 Telecom, the operator of CDMA-based mobile phone service Fren, launched a wireless application system for mobile phone handsets Tuesday in another effort to meet the company's target to raise its subscriber base by 66 percent next year.

The government wants geothermal energy promoters to take advantage of global carbon trading market as an alternative source of funding to help lower their investment and production costs, a minister says.

The government plans to scrap import duties and taxes on oil and gas drilling equipment to help boost spending on exploration. The finance minister will abolish 27.5 percent of taxes ``soon,'' Anggito Abimanyu, head of fiscal policy at the ministry, said in Jakarta Tuesday after meeting Indonesian Vice President Jusuf Kalla and Energy and Mineral Resources Minister Purnomo. ``There's not much change to the state's budget from the new policy.

SEEING THE POSSIBILITIES ABOVE THE PROBLEMS © 2007 Duncan Graham What’s the premier academic journal on the Indonesian economy? The answer is going to upset nationalists, but according to the authors of a biography on 'the grand old man of Asian economics' it’s an Australian publication. The Bulletin of Indonesian Economic Studies remains the pre-eminent source of accurate and unbiased information on the financial health of this country.

Denpasar, Bali (ANTARA News) - Bali province`s canned fish exports in the first ten months of 2007 jumped 120 percent to US$10.8 million from a year earlier. Canned fish exports in the January-October 2007 period more than trippled in volume to 5,572 tons from 1,865 tons in the same period last year, Ni Wayan Kusumawathi, chief of the foreign trade division at the Bali Industry and Trade Office, said on Tuesday.

Jakarta (ANTARA News) - Capital Investment Coordination Board (BKPM) Chief M. Lutfi said investment in Indonesia is expected to grow by 15.2 percent in 2008 or faster than 12.54 percent as projected by the Finance Ministry. "Realization of investment in Indonesia next year will increase thanks to an expected improvement in the country`s investment climate," Lutfi said when presenting a report on investment realization in the country in 2007 at the State Palace here on Tuesday.

Jakarta (ANTARA News) - The Indonesian government allows foreign investors to develop the economies of small islands in Indonesia provided they care for the local people`s welfare, ministers said. Marine and Fishery Minister Freddy Numberi and Culture and Tourism Minister Jero Wacik made the remarks here Tuesday after attending the 8th Archipelago Day in response to reports on the sale of two islets in Indonesia by a property agent.