Oil giants Total and Chevron Corp. plan to build and operate retail fuel outlets in Indonesia this year, to heat up competition after the government ended retail fuel monopoly by state-run oil firm Pertamina in 2005, an official said Tuesday (20/2/07).

Domestic sales of motorcycles rose to 342,773 bikes last month from 266,618 a year earlier, a report by the Indonesian Motorcycle Industry Association (AISI) showed, although last month's total was below the 442,961 sold in December.

SK Telecom Co is looking at investing in Indonesia's PT Bakrie Telecom as South Korea's top mobile operator seeks growth outside its saturated home market, the companies said on Tuesday (20/2/07)."We have been interested in the Indonesian market and studied several options," SK Telecom spokeswoman...

President Susilo Bambang Yudhoyono has promised to further ease licensing procedures to ensure that businesses obtain permits within 50 working days."Business licensing is still a complicated issue. Previously, it took 151 days, but then we cut it to 97 days.

Indonesia is well on the road to economic recovery from the turmoil of the 1997 Asian financial crisis, outgoing World Bank (WB) country director Andrew Steer said Thursday (22/2/07).The challenges and radical changes Indonesia has faced since the 1997 crisis and the fall of President Suharto the...

Jakarta (ANTARA News/Asia Pulse) - Agribusiness firm, the Sugar Groups Company (SGC), plans to invest US$700 million in Indonesia's farming sector."The company wants to build a sugar factory and expand its sugarcane plantations by 60,000-100,000 hectares over a period of two years," president...

Jakarta (ANTARA News) - National banking sector is planning for a credit growth of 22 percent in 2007 or higher than the realization of banking credit growth of 14.1 percent in 2006, an official said."Report on the bank credit growth has already been conveyed to Bank Indonesia.

The government is insisting on a 20 percent growth target for exports this year despite a weakening global economy and internal problems, including the high cost of doing business here."We will stick by the target set by the President despite the slowing down of the world economy and some internal...

 Originally Posted By: chewwyUKWow -- if they are paying that much in tax just how much money are they making from this place. The mind boggles at the figures of this operation the mind also boggles at the impact that losing this income and investment would have on the entire indonesian...

"After visiting the Sugar Group Company the president and entourage returned to the province`s capital Bandar Lampung by helicopter where he would spend a night before returning to Jakarta on Tuesday."So let me get this right ...

Seputih Mataram, Central Lampung (ANTARA News)- President Susilo Bambang Yudhoyono test-drove a car running on ethanol produced by PT Indo Lampung Distillery here on Monday.President Yudhoyono drove the green car around the test arena, flanked by Lampung governor Sjachroedin ZP, after visiting the...

Jakarta (ANTARA News) - US mining giant Freeport-McMoRan Copper and Gold Inc. paid the Indonesian government 1.6 billion dollars last year from its vast mining operation in Papua province, mostly in taxes, the company said Monday.

How time flies. Indonesia will soon be celebrating a decade of democracy. Three out of four people from around the country continue to believe that "democracy is working".With democracy came freedom of expression and freedom of the individual, and media and political freedoms.

The central bank is confident that the rupiah will remain within a trading band of between Rp 9,000 and Rp 9,500 against the U.S. dollar this year, despite a likely nudging up of consumer prices ahead."The chance for the rupiah to trade at below Rp 9,000 per dollar remains, but a comfortable level...

kontan.jpgKontan, a weekly business tabloid, has taken the plunge into the daily wars by becoming a broadsheet daily. The paper, a subsidiary of the Kompas Gramedia Group, launched its first daily edition today bringing it into direct competition with Bisnis Indonesia, Investor Daily.