JAKARTA (Antara): The Indonesian Chamber of Commerce and Industry (Kadin) called on the government to optimize its protection over domestic market in order to attract investment and fuel the growth of the real sector, a Kadin official said on Thursday.

TEMPO Interactive, Jakarta: Seven companies have stated their readiness to form a consortium of national fiber optic network construction project worth US$1.517 billion or around Rp13 trillion.The seven companies will sign the memorandum of the project known as Palapa Ring next Wednesday (16/5).

Remember Mexico's Cemex, the world's third largest cement group, which sold its 25 percent equity stake in PT Semen Gresik, Indonesia's largest cement company, to local conglomerate Rajawali in mid-2006 when Indonesia's cement market was enjoying robust growth?Cemex, a financially strong company...

Finance Minister Sri Mulyani says the government will work hand in hand with the central bank to boost the still-sluggish real sector amid criticism that the current administration is doing too little to speed up the pace of economic growth.

The rupiah reached its highest level against the U.S. dollar in almost a year Thursday, closing at Rp 8,740, as overseas investors retained their appetites for local stocks and bonds.Statements from the Finance Ministry and the central bank to the effect that the rupiah remained within a...

Jakarta (ANTARA News) - Eight national banks are currently in an acquisition and merger process in order to meet the Rp80 billion minimum capital requirement this year, Bank Indonesia (BI) Deputy Governor Muliaman D. Hadad said.

Jakarta (ANTARA News) - Vice President Jusuf Kalla expressed support to conversion of rice fields for development of factories that cound give more employment.Speaking at the commemoration of the 40th anniversary of national logistics agency Bulog here on Thursday he said around 100,000 hectares...

The customs service has introduced a scanner at Tanjung Priok Port in Jakarta to check the contents of containers and reduce the risk of collusion between importers and customs officers.The new scanner is similar to the baggage scanners used at airports, except that it is much bigger.

The Foreign Ministry intends to play a greater role in promoting trade, tourism and investment on the international stage by holding a series of investor forums to showcase the untapped potential of Indonesia's regions.

The country's largest publicly traded oil company, PT Medco Energi Internasional, plans to build eight bioethanol plants over the next five years to meet the expected surge in the demand for biofuels both at home and overseas, the company's chief executive says.