Indonesian Political, Business & Finance News

Archive: 18 March 2007

2 articles found

Oiltanking to build terminal in Cilegon at cost of $120 million

Responding to the liberalization of the gasoline retailing sector, Oiltanking, the world's second largest independent tank storage provider for petroleum products, gases and chemicals, is planning to build the first independent oil storage terminal in Indonesia at a total cost of US$120 million. The construction of the terminal, which will be located in Cilegon, Banten, will begin in April, after being delayed for almost a year due to the complexity of the project.

Govt told to drop deal with Microsoft

The Business Competition Supervisory Commission (KPPU) has urged the government to annul its recent deal with U.S. giant software producer Microsoft for the use of the latter's software in state offices and institutions. The antimonopoly agency said Friday in Jakarta that if the government went ahead with the deal, it would violate the 1999 Monopolies Law.