JAKARTA(AP): Singapore's state-owned investmentcompany, Temasek Holdings, denied Thursday it was involved in monopolistic practices in Indonesia's telecommunications industry. It also said it was "disappointed" Indonesia's competition watchdog, known as the KPPU, was intensifying an investigation into claims Temasek - a shareholder in Indonesia's two largest mobile phone operators - was violating anticompetitive laws. Temasek has long been plagued by allegations of price-fixing.

Samarinda, E Kalimantan (ANTARA News) - New Zealand is looking into the possibility of investing in East Kalimantan`s eco-tourism and micro hydro power plants. "There are two things in East Kalimantan in which we may be interested to make an investment, namely eco-tourism and micro hydro power plants," Deputy New Zealand Ambassador to Indonesia Dacid Stachan said here Thursday.

Jakarta (ANTARA News) - Foreign funds totaling US$8.5 billion have entered Indonesia in the last five months from January through May 2007, a Bank Indonesia official said here on Thursday. "The funds consist of US$3.96 billion in state bonds (SUN), US$3.2 billion in Bank Indonesia promissory notes (SBI), and US$1.3 billion in stocks," the director of the central bank (BI)`s directorate of strategic planning and public relations, Budi Mulia, said.