Jakarta (ANTARA News/Asia Pulse) - The Medco Group said it will invest at least US$1 billion to diversify its business. The group whose core business is in the oil and gas industry, has established new companies - PT Medco Mining, PT Medco Agro and PT Medco Papua.

Friday, 16 May, 2008 | 14:03 WIBTEMPO Interactive, Jakarta: Leighton International, sister company of Leighton Holdings Limited Group, an undertaking for project development and the biggest contractor in Australia, won the contract worth US$350 million from the PT Mahakam Sumber Jaya (MSJ) , mining...

Semarang (ANTARA News) - Chairman of the Indonesian Demotratic Party of Struggle (PDIP) faction in the House of Representatives (DPR) Tjahjo Kumolo said his party rejected the government`s fuel oil price hike plan and was asking for the reform of state-owned oil company Pertamina for it lacked...

Denpasar (ANTARA News) - The government through the Transportation Ministry allocated Rp20 billion in 2008 for the construction of Amuk Port in Karangasem district, Bali, for cruise ships."The allocation of funds is the second phase after the Transportation Ministry disbursed Rp10 billion for the...

Software piracy in Indonesia dropped last year, but total estimated losses swelled due to market growth, a report says.The rate of piracy dropped one percentage point to 84 percent in 2007, although the gap was hardly closed to neighbors Malaysia, with 59 percent, and Singapore, with 37 percent.

With help from the Indonesian Ecolabelling Institute (IEI) and the European Union, the government is developing an executive body under the Forestry Ministry to be responsible for the certification of sustainable wood products and production system.

The Electronics Marketers Club (EMC), which groups together top electronics distributors, is predicting a tough time ahead for the industry as a government-planned fuel price increase is set to hurt purchasing power and sales.

Thursday, 15 May, 2008 | 16:09 WIBTEMPO Interactive, Jakarta: Companies from India and China are seeking coal in Indonesia. They are National Thermal Power Corp (NTPC) (an electrical company from India); Power Trading Company (PTC); Larsen and Turbo; Reliance; Agrawal Coal; and Watien.

Thursday, 15 May, 2008 | 16:35 WIBTEMPO Interactive, Jakarta: President Susilo Bambang Yudhoyono met Director of the Intel Corporation, Craig R. Barret at the President's office at 2pm today. Information and Communication Minister, M.

Denpasar (ANTARA News) - A modern and permanent port for foreign cruise ships will be built in the Indonesia`s island resort of Bali, chief of Bali Provincial Transportation Office Putu Sujana Cahyanta said here on Thursday.

Jakarta (ANTARA News) - The Indonesian economy grew 6.28 percent in the first quarter compared with a year ago, driven by exports and investment, an official said Thursday.Exports grew 15.03 percent in the first three months of the calendar year while investment surged 13.

Jakarta (ANTARA News) - The Indonesian government hopes that China will increase its investment in Indonesia which so far only accounts for 0.3 percent of the total foreign investments in the country, a minister said.

Jakarta (ANTARA News) - The Riau provincial administration will invite foreign businessmen to run some projects in the province, mainly in the plantation and fishery sectors, during the Indonesian Regional Investment Forum (IRIF) to be held here on May 26 and 27.

Jakarta (ANTARA News) - Indonesia`s business tendency index (ITB) in the second quarter of 2008 is 108.1, meaning that the business situation over the period is better than in the previous quarter, the Central Bureau of Statistics (BPS) said.