Jakarta (ANTARA News/Asia Pulse) - PT Gozco Plantations has said it will sell 1.5 billion shares or 30 per cent of its shares in an initial public offering (IPO) to be held next month.The company said it hoped to secure approval from the capital market and financial agency watchdog Bapepam in the...

The Jakarta Post, JakartaThe country's messy labor regulations and bureaucracies have not only discouraged foreign investors from setting up much needed labor-intensive businesses here but have also undermined efforts to send more local workers overseas.

A giant U.S.-based paper and pulp company, International Paper, plans to invest more than US$4 billion in a pulp factory and industrial forest.Director general for forest product management at the Forestry Ministry, Hadi S. Pasaribu, said the pulp factory would have the capacity to produce 1.