Indonesia aims to have 2,000 energy self-sufficient villages powered by hydro, solar or bio-fuel resources by 2009, according to Energy and Mineral Resources Minister Purnomo Yusgiantoro.The country currently has 140 villages capable of meeting all their own energy needs, Antara news agency quoted...

Bank Indonesia (BI) is set to issue a directive providing a legal basis for the country's banks to accept warehouse receipts as collateral, Trade Minister Mari Pangestu said Tuesday (13/2/07)."For a warehouse receipt to be used as collateral, there needs to be an intermediary bank.

Six major international footwear companies increased their orders from Indonesia to a combined $51.8 million this year, from $47.8 million last year, after the European Union (EU) extended anti-dumping duties on shoes made in China and Vietnam for another five years, the Investor Daily reported.

A presidential regulation on modern retail market, to be issued in March, will not restrict the operation of foreign retail chains, which have been criticized by some for the massive inroads they are making into the market.

Indonesia plans to offer new incentives in a bid to attract $5 billion of domestic and foreign investment into its raw materials sector, the state investment agency (BKPM) said on Tuesday (13/2/07).The government is considering offering tax breaks and guarantees for supplies as it seeks to draw...

Actual foreign direct investment (FDI) in Indonesia dipped in January from the same period last year, data showed on Thursday (15/2/07), but the state investment agency (BKPM) said full-year investment is likely to pick up.The agency said actual FDI last month fell to Rp2.7 trillion ($298.

The economy put on a spurt in the fourth quarter last year, with gross domestic product growing 6.1% year-on-year, according to Rusman Heriwan, head of the Central Bureau of Statistics (BPS).The World Bank called for more government spending, say it had reaped a windfall of $15 billion and should...

Jakarta (ANTARA News) - Vice President M Jusuf Kalla said the government in the next years will have to reduce the number of state owned companies from 139 to 60 through privatization, mergers or liquidation."The target in 2009 is set at 69 state owned companies.

TEMPO Interactive, Jakarta: The government will guarantee the development of infrastructure projects that are financed by national banks.This statement was made by the Coordinating Minister for the Economy Boediono.

General Electric, the widely diversified U.S.-based global conglomerate, is upbeat about the global business environment, saying that 2007 will be the first year that businesses outside the U.S. will account for a higher proportion of its revenues than that of its base.