Jakarta (ANTARA News/Asia Pulse) - The country's largest local energy company the Medco Group is building its own 43-floor tower in South Jakarta, with a total investment of Rp520 billion (US$57.7 million).

The government has reiterated its commitment to attracting more foreign investment, affirming its guarantees for major infrastructure projects and longer-term land and property use titles for foreign investors.

Almost five years ago, energy ministers from countries grouped in the Association of Southeast Asian Nations (ASEAN) reached an agreement to build a regional gas pipeline project, called Trans ASEAN Gas Pipeline (TAGP), to alleviate future energy shortages and bolster regional development.

The country's second largest phone company, PT Indosat, has set aside a minimum of US$1 billion in capital expenditure this year to bounce back from slower growth last year."This year's net profit growth will be somewhat equal to income growth which is around 20 percent," Indosat finance director...

TEMPO Interactive, Jakarta: Entrepreneurs are once again protesting at the government's new proposals in discussing the Draft Bill on Taxes’ General Provisions and Guidelines.Entrepreneurs consider that the new proposal will burden entrepreneurs and may hamper the investment climate in the future.

Kuku, do you know if Carrefour owns the buildings or lease in Indonesia? I read recently about a majority shareholder (French national) wants to sell most of Carrefour's properties worldwide and lease them back to Carrefour.

In the US, the big three car makers, GM, Ford, Chrysler are in trouble, losing billion of dollars for the last few years. Chrysler is selling its European, Aston Martin, I believe to private equity firm. However, GM is finding China to be lucrative market now and GM cars selling like crazy in China.

the local car market is starting to stall ... I know that GM, Ford and Astra are finding things a little sticky in Indonesia

hard to know whether it's "real" investment or not. car industry worldwide is always throwing huge figures about to impress governments. one question is, how strong really is the local car market? frankly, it's looking soft to me.

For the past few months I have read article and article about how strong the automotive industry is looking .... My question is does anybody know if this investment is secured and are car manufacturers looking at Indonesia seriously, or is this the government talking things up in a desperate...

Carrefour, the largest hypermarket operator in the country, plans an additional investment of $207 million to open 10 new outlets in 10 provincial capitals in the country.The French retailer, which already has 29 outlets in eight other provincial cities, has secured the license from the government...

The government, bankers and business leaders agreed in a meeting Thursday (22/3/07) to give priority to financing expansion of 10 major industrial sectors to boost exports, Antara reported.The sectors - textile, rubber, rubber goods, electronic, automotive component, forest product, crude palm oil,...

The government predicts the nation's automotive industry will boom this year and in 2008. In the first quarter of 2007, investment in the automotive sector has already reached $173 million, said Budi Dharmadi, Director General of Transport Equipment and Information Technology Industry, Antara...

Palm oil producer Kuala Lumpur Kepong Bhd (KLK) plans to expand its plantation land bank by another 50,000 hectares to 250,000 hectares, preferably by investing in green field projects in Indonesia, Malaysia’s New Straits Times reported on Friday (23/3/07).

A new investment bill will go to a plenary of the House of Representatives on Thursday (29/3/07) after being approved by a special committee.Irmadi Lubis, a member of the House special commission preparing the bill, said the legislation is needed to attract foreign investment to spur economic...

The new investment law will be put to a plenary session of the House of Representatives on Thursday (29/3/07) after being approved by a special working committee.The long-awaited bill provides tax incentives for new investors and existing operations that want to expand.

Jakarta (ANTARA News) - State-run Bank Rakyat Indonesia (BRI) will not abandon the micro, small and medium enterprises sector, although it has entered the infrastructure sector and provides corporate credits, a director has said.

Jakarta (ANTARA News) - The government is proposing a regulation to be included in the draft bill on investment which would allow foreign buinesses to own properties if they make direct investments in Indonesia.