Indonesian Political, Business & Finance News

Archive: 12 May 2007

2 articles found

Pertamina to close green fuel business

State-owned oil and gas firm Pertamina plans to exit its biofuel business by the end of this year as a result of continuing losses.Pertamina marketing and trading director Achmad Faisal said that the company had no other choice but to get out of the sector as its biofuel products -- BioSolar and...

Jakarta row hampers infrastructure plans

JAKARTA - A rumbling row between Indonesian Vice President Jusuf Kalla and two top technocrats charged with overseeing economic policy is hampering the implementation of the government's infrastructure spending drive and generating high-level political tensions.