Global rating agency Moody's Investors Service is to expand its services in Indonesia to meet increasing rating needs resulting from the country's growing capital markets.It is currently in the process of rating seven more Indonesian companies -- mostly operating in the financial sector -- through...

Jakarta (ANTARA News) - PT International Nickel Indonesia's (Inco's) net profit rose 91.7 pct to 513.4 mln usd last year from 267.8 mln usd in 2005, the company said.Inco, a subsidiary of Canada's CVRD Inco Ltd, said its sales had risen 51.1 pct to 1.34 bln usd last year from 885.1 mln usd.

Interesting outcome; it remains to be seen whether foreign investors (FDI) will come pouring into Indonesia?

I wonder why we can't get chocolate (let alone good quality chocolate)because most of them are exported, the same story goes for coffee. You'll have to travel far and away from the producing country (Indonesia) to get the real stuff; I blame it on the foreign exchange reserve...

Indonesian consumer confidence continued to improve in the fourth quarter of last year, Australian research firm Roy Morgan said Tuesday in its latest survey report.The consumer confidence rating for the October-December period moved upward by another 3.2 points to 113.6, which means it is now 8.

The Supreme Court has thrown out a lawsuit against the government over the privatization of telecommunications company PT Indosat, in which a subsidiary of Singapore's Temasek Holdings has a substantial stake, The Straits Times reported on Thursday (1/3/07).

PT Telkom’s new president, Rinaldi Firmansyah will focus on expanding the company’s networks to thwart rivals, Bloomberg News reported on Thursday (1/3/07)."The competition is out there, not within Telkom," Firmansyah said. "We'll accelerate building infrastructure and information technology.

Indonesia has ranked 60th out of 124 in a new global survey on tourism competitiveness, The Jakarta Post reported.Switzerland, Austria and Germany have the most attractive environments for developing the travel and tourism (T&T) industry, according to the very first ranking of its kind in the...

The Sugar Groups Company (SGC) has announced plans to invest $700 million in a sugar factory and plantations."The company wants to build a sugar factory and expand its sugarcane plantations by 60,000 hectares to 100,000 hectares over a period of two years," president Gunawan Yusuf said Monday...

South Korea's leading automaker Hyundai Motor said Wednesday (28/2/07) it would assemble trucks and buses at a plant in Indonesia starting this month.Hyundai Motor said the plant, which has been built by Indonesia's Korindo Group with an investment of $23 million, would have an annual production...

PT Uniflora will soon build a $2 billion cocoa processing plant in Serang district, Banten province, an official said."The plant will be built in Jalung village, Cikande sub-district, Serang district. Hopefully, it will employ thousands of workers when it is operational," Serang district head...