JAKARTA (JP): With soaring oil prices, which translate into higher revenues for oil producing firms, the government said it would attempt to renegotiate contracts with oil and gas operators in the country.

Jakarta (ANTARA News) - Indonesian President Susilo Bambang Yudhoyono and his visitng Finnish counterpart, Tarja Halonen, have agreed to intensify bilateral cooperation in the trade and investment sectors which has so far remained low."We have agreed to intensify trade and investment cooperation.

Monday, 18 February, 2008 | 17:25 WIBTEMPO Interactive, Jakarta: Several international financial institutions are predicting that Indonesia's economy this year will only grow 6.2 percent, much lower than the initial target in the 2008 state Budget of 6.8 percent.

Jayapura (ANTARA News) - Japanese investors are interested in seaweed from Yapen Waropen district, Papua province, and expected to import the commodity to that country in the near future, a local official has said.

While the total value of credit card transactions in the country has significantly increased in the last two years, the amount of credit card nonperforming loans (NPLs) has also arisen, reports Bank Indonesia (BI).As of November 2007, credit card NPLs amounted to Rp 2.87 trillion (US$309.

The Jakarta Post, JakartaMore than ten years after the financial crisis which led to costly restructuring and reform, Indonesia's economy is no better off, according to experts.In some cases, the economy is in even worse shape.In a public lecture, University of Indonesia economist Faisal H.

The government is considering turning the country's state-owned pawnbroker into a limited company ahead of a possible partial privatization, the Financial Times reported Monday (11/2/08). Some 23 million Indonesians used Pegadaian last year to take out Rp23,300 billion ($2.

The nation expanded at the fastest pace in 10 years as declining borrowing costs encouraged companies to invest and spurred consumer spending, Bloomberg reported Friday (15/2/08). Gross domestic product (GDP) of the $364 billion economy grew 6.

Members of the Gayo ethnic group in the highlands of Aceh say they are annoyed by the insistence of a Dutch company that they cannot use the name of their area and people for their coffee. According to a report inThe Sydney Morning Herald, thousands of former rebels and sympathizers are being...

Ambitious Road Project Part of a Giant Aceh to Eastern Indonesia Trans National Highway Project.Bali News: Building the Bali Nusa Raya Highway(2/16/2008) The National Road Building Agency for Indonesia's 8th District will soon begin realizing the construction and upgrading of 3,000 kilometers of...

Bagus Discovery Tour's Owner Says Lower Taxes Would Raise More Money for Island's Public Coffers.Bali News: Call for 50% Reduction in Hotel & Restaurant Tax.(2/17/2008) Commenting in a page-one article in BisnisBali, the Secretary General of the Bali Hotel and Restaurant Association (PHRI-Bali) and...

Provincial Investment Board Gives Green Light to New Hotels Despite Objections by Tourism Board and Governor.Bisnis Bali estimates that the value of new investments in hotels and recreational facilities in Bali for the period January – November 2007 reached Rp. 1.4 trillion (US$152.

this has been the first peep out of the veep for quite a while. and the issue? it seems the balinese want to bypass the moribund KADIN and form their own little ginger group so they can lobby for handouts.

Sanur, Bali (ANTARA News) - Vice President Jusuf Kalla has told Balinese merchants that they must have pride without engaging themselves in a structural organization."Dealing in any product could be the pride so long as it is accompanied with high spirit and creativeness, and just leave the...