Indonesia's largest listed energy firm PT Medco Energi Internasional Tbk will start a 180,000 liter per day ethanol plant later this year, using cassava as a feedstock, a senior official said on Wednesday (11/4/07).

State-owned electricity company PLN has called for tenders for a $2 billion power transmission project in the Java Bali interconnection, Asia Pulse reported on Wednesday (11/4/07).The project will be financed from the state budget, export credit and foreign loans, PLN Transmission and Distribution...

Bank Central Asia (BCA) is planning to extend up to Rp10 trillion ($1.1 billion) worth of loans this year, some Rp4 trillion of which would be allocated to corporations, vice president Jahja Setiaatmadja said.

Indonesia's third largest mobile phone operator, PT Excelcomindo Pratama, signed on some 1 million new users in the first quarter, a senior company official said on Wednesday (11/4/07).The company, owned by Telekom Malaysia Bhd, is aiming for 4.5 million news users this year to add to its 9.

The 10 member countries of the ASEAN have agreed to set up a special body to raise and manage an infrastructure fund to finance infrastructure projects in the region.The agency is expected to help speed up procurement of funds and mobilize idle funds for infrastructure projects in the ASEAN, head...

Foreign direct investment rose to $2.99 billion in the first quarter of 2007 from $2.6 billion in the same period last year, National Investment Coordinating Board (BKPM) chairman Muhammad Lutfi said on Tuesday (10/4/07).Foreign direct investment approvals rose to $14.

Jakarta (ANTARA News) - Indonesian rating agency Pefindo has assigned an "AA-" rating (stable outlook) to Rp2 trillion worth of bonds publicly-listed cellular phone operator PT Excelcomindo Pratama Tbk plans to issue this year.

TEMPO Interactive, Jakarta: The Tax Directorate General is to extend the tax base once again.Hasan Rahmany, Director of Tax Intensification and Evaluation, said that this measure was being taken in order to increase the state's revenues.

Concerned by a rise in the consumption of imported fruit, President Susilo Bambang Yudhoyono has urged Indonesians to purchase locally grown agricultural products.Speaking during a visit to a durian plantation in Sukabumi, West Java, on Sunday, the President also called for integrated efforts to...

Several banks in the country have begun to cut their deposit rates, following a decision by the Deposit Insurance Agency last week to further lower the rate for guaranteed deposits to 9 percent.Banks are still weighing options for trimming their lending rates as well, which is seen as necessary to...

The tender process for the exploration and production of coal bed methane (CBM) gas in Indonesia will be delayed until August following a request from interested bidders asking for more time to set up pilot projects in order to determine the project's economic feasibility, an official said.