KUALA LUMPUR (AP): State-owned Telekom Malaysia said Thursday it would buy a further 7.4 percent stake in its Indonesian cellular unit, PT Excelcomindo Pratama, for US$113 million (euro94 million).Its unit, TM International (L) Ltd., will buy the shares from AIF (Indonesia) Ltd.

Padang (ANTARA News) - State-owned electricity company PT PLN will speed up the making of five steam power plants from 30-36 months to 23 months, director Eddie Widiono said here Thursday."Therefore, PLN is ready to offer contractors incentive options like in the form of cash bonus," he said after...

Denpasar, Bali (ANTARA News) - Non-oil/non-gas exports from Bali province to East Europe in 2006 reached a total value of US$ 2.1 million or slightly up compared with US$ 1.9 million in 2005, a provincial trade official said.

Dublin Port is closer to agreeing a joint venture with the Indonesian government to build a $900m container terminal in Sabang Port in Aceh.The 50-50 joint venture involves setting up a new company, Sabang Hub International Port, which is likely to be operating within three months.

Nearly 80 percent of commercial losses caused by the 2004 earthquake and tsunami disaster in Aceh were suffered by the private sector, mostly retailers and traders.Many of the surviving entrepreneurs, however, did not wait long before they started taking part in rebuilding a devastated society in...

Indonesia's banks may lose out to their regional competitors when the free trade and services agreement among Southeast Asian nations is fully implemented in 2015.Syamsul Arifin of Bank Indonesia's international affairs unit said Thursday that most of the country's banks were still far from being...