Indonesian Political, Business & Finance News

Archive: 24 April 2007

5 articles found

PT Newmont Minahasa Raya acquitted of pollution charges

Manado, North Sulawesi (ANTARA News) - The Manado district court on Tuesday declared US-based gold-mining company PT Newmont Minahasa Raya (NMR) and its president director, Richard B Ness, innocent of the charge they had polluted and damaged the environment in Buyat Bay in South Minahasa district,...

Everybody can win by developing property sector

Driven more by financial necessity rather than by personal choice, almost two out of three Indonesians live in homes with more than 5 residents in the house.Only one in three people live in the more universally accepted 3 or 4-member household.

Govt mulls incentives for biofuel sales

The government is considering offering financial incentives so as to encourage gas stations to stock biofuel blends, says an official.Evita H. Legowo, an assistant to the energy and mineral resources minister, told The Jakarta Post on Monday that the incentives, which could take the form of tax...

Restrict investment, say legislators

A number of legislators are insisting that certain sectors of the economy remain closed to foreign investment despite the fact that the newly enacted 2007 Investment Law guarantees equal treatment for both local and overseas investors."Equal treatment is not the same as equal opportunity.

Investment climate in oil, gas sector still unfavorable: IPA

Jakarta (ANTARA News) - The investment climate in the oil and gas sector in Indonesia is stil unfavorable because a number of problems have remained unsolved, an Indonesian Patroleum Association (IPA) official said.