Indonesian Political, Business & Finance News

Archive: 19 July 2007

6 articles found

Govt to put mining rights out to tender under law

The government will use a tender process, rather than the existing direct-appointment mechanism, to award the mining permits that will be issued under the proposed new mining law.The Energy and Mineral Resources Ministry's director general of geology and mineral resources, Simon Sembiring, said in...

Govt urged to get serious about promoting biotechnology

Experts have called on the government to urgently start promoting biotechnology in order to ensure food security and improve the living standards of farmers.Speaking Tuesday during a seminar organized by the Indonesian Biotechnology Information Center (IndoBic), economist Bustanul Arifin said that...

Medco, Pertamina start exploring for methane gas

A number of local firms, including PT Pertamina and PT Medco Energi, will later this year conduct feasibility studies on the exploration and production of coal-bed methane (CBM) in two different locations in South Sumatra.The projects will mark the first of their kind in Indonesia.

President asks private sector of New Zealand to invest in Indonesia

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has invited investors of New Zealand to operate in Indonesia now that the investment and business climate in this world`s largest archipelagic country has become favorable.

Government to continue pursuing 10,000 MW power plant project

Jakarta (ANTARA News) - State Enterprises Minister Sofyan Djalil said here on Wednesday the government would continue to pursue its 10,000 megawatt power plant project despite existing hindrances.Speaking to reporters after a meeting with Vice President Jusuf Kalla, Sofyan said there were still...

Biofuel demand makes fried food expensive in Indonesia

Record-high palm oil prices due to voracious global demand for the oil used for food and now increasingly as a biofuel have left many ordinary Indonesians without their usual culinary fare.Palm oil-derived cooking oil is a staple in the Indonesian pantry.