Indonesian Political, Business & Finance News

Archive: 2 July 2007

12 articles found

Jatropha Oil for China Market

Indonesia has plans to expand its area under jatropha cultivation to 1 million hectares, producing roughly around 2.3 million tons of crude jatropha oil annually and is targeting China as a key market, Dow Jones Newswires quoted deputy minister for the development of disadvantaged regions, Tatang...

Bakrieland Expands CBD Land Bank

Property developer PT Bakrieland Development said it has bought an additional 8.8 hectares of land in the Rasuna Said business district in South Jakarta, raising its total land ownership in the area to 53.5 hectares, Thomson Financial reported.

Australia, Indonesia Consider Trade Deal

Australia and Indonesia are considering a feasibility study into a Free Trade Agreement (FTA) as a way to boost trade between the two countries.Australian Trade Minister Warren Truss warned any deal would be at least two years off.

Incitec Mulls Investment in Gasification Plant

Australia's largest fertilizer maker Incitec Pivot Ltd on Tuesday (26/6/07) signed a preliminary agreement with two Indonesian partners to look into the feasibility of investing in a gasification plant to convert coal into synthesized gas, Agence France-Presse reported.

Rajawali to Expand CPO, Coal Business

The Rajawali Group is planning to invest $400 million to expand its natural resources business, including bringing a coal mine on-line by the end of the year and more than doubling its oil palm plantations over the next five years, the company's chief executive said Thursday, Dow Jones Newswires...

Batam Gets Free Trade Zone Status

The government has decided to give the entire island of Batam in Riau Islands province free trade area status, Asia Pulse reported.Industry Minister Fahmi Idris said after a meeting of economics ministers on Friday (29/6/07) that the decision had been made to give legal certainty for investors in...

Non-Oil/Gas Exports to Grow 16% in 2008

The government expects the country's non-oil and -gas exports to grow by up to 16% next year, Trade Minister Mari Pangestu said on Monday (25/6/07), although she warned that performance would depend partly on global demand.

Sharp Jump in Project Approvals

The Investment Coordinating Board (BKPM) approved foreign direct investment proposals worth $21.99 billion during the five months to May, up fivefold from a year ago, a senior official of the agency said Friday (30/6/07).

Mobile-8 seeks greater market share, expands network coverage

Cellular operator PT Mobile-8 Telecom has gone nationwide to take on its competitors in Indonesia's growing mobile phone market, rolling out its "Fren" brand service outside Java in Medan, Makassar and Denpasar.

Negative investment list criticism is 'premature'

The upcoming Negative Investment List has infuriated some foreign investors, who fear they may lose some of their shares and have fewer options for further investment.The list, which should be approved by President Susilo Bambang Yudhoyono in the next two to three weeks, is expected to impose more...

ASITA optimistic tourist arrival projection will be met

Medan (ANTARA News) - The Indonesian Tour and Travel Agencies Association (ASITA) is optimistic that this year`s foreign tourist arrival projection at six million would be met following an improved security situation in the country.

Ban on RI airlines to EU deals blow to tourism sector

He don't fly Indonesian airlines, so he's not worried. But some folk are miffed:EU`s flight ban begins showing impact on IndonesiaBy Andi Abdussalam07/02/07 00:54Jakarta (ANTARA News) - Indonesia begins to feel the impact of the European Commission`s plan to ban Indonesian airline companies from...