Investment in Indonesia’s mining sector is expected to drop by 70 percent next year due to the global recession, according to a mining industry official. Priyo Pribadi Soemarno, executive director of the Indonesian Mining Association, said most mining companies would cut production and spending in 2009, with investment expected to fall by 70 percent.

Bandung, West Java (ANTARA News) - Indian investors and Indonesian businessmen are encouraged to make synergetic efforts to deal with the impact of the current global financial crisis.

Jakarta (ANTARA News) - The government should continue to show to the international community that Indonesia`s economic conditions and investment climate are still promising despite the global economic crisis, a minister said. State Minister for State Enterprises Sofyan Dajalil said here on Wednesday Indonesia was still weak in promoting its economic potentials to the international community.

Jakarta (ANTARA News) - Oil and gas companies doing business in Indonesia must use local banks for their transactions from December onwards, a move to help the struggling rupiah, an official said Thursday. "The benefit is that our balance of payments will improve," Raden Priyono, chairman of upstream oil and gas regulating body BP Migas, was quoted by AFP asa telling Dow Jones Newswires. Priyono said the new policy could bring in around 11 billion dollars to the country next year.

SINGAPORE - California and two other US states signed a pact late on Tuesday with Indonesia's Aceh province that could see forest carbon credits from Aceh accepted into US emissions trading schemes. The pact, the first of its kind, marks a major step in global acceptance of carbon credits derived from projects aimed at halting the destruction of the developing world's remaining forests, which soak up vast amounts of planet-warming carbon dioxide.

SEKAYU, Indonesia (Reuters) -- When Indonesia shifted power from the capital, Jakarta, to the regions, investors had to start dealing with a confusing constellation of districts, some business-friendly, others downright unwelcoming. Pick the right province or region -- and South Sumatra, with its rubber and palm oil plantations, plus oil, gas and coal deposits, is considered one such area -- and there are huge rewards to be reaped in Southeast Asia's biggest economy.

Wednesday, 19 November, 2008 | 17:17 WIB TEMPO Interactive, Jakarta: Around one thousand workers in Banten province resonated protests against new regulation on workers pay on Wednesday by protesting at Banten Governor office. Protester met by the Head of Regional Office of Labor Ministry Eutik Suharta, to discuss the matter as the governor according to regional officials is on a trip to Malaysia.

Jakarta (ANTARA News) - The Belgian crown prince Philippe will visit Indonesia from November 22 to 26 along with an investment and business delegation, foreign ministry spokesman Teuku Faizasyah told ANTARA here on Wednesday. He said prince Philippe would meet with a number of high-ranking officials including vice president Jusuf Kalla during the visit. The ministers whom he would meet include transportation minister Jusman Syafi`i Djamal, he added. "That is what I can confirm.