Jakarta (ANTARA News) - Chief economic minister Boediono said Indonesia had to achieve an inflation rate of between three and four percent in the medium term in order to create better economic conditions."We will keep striving to lower the inflation rate in the medium term to three or four percent.

Jakarta (ANTARA News) - PT Indonesia Power has invested US$100 million to optimize the operation of three hydropower plants (PLTA) managed by Perum Jasa Tirta II in Purwakarta, West Java, a spokesman said.

The Indonesian Drinking Water Association (Perpamsi), which groups together hundreds of heavily indebted state tapwater firms (PDAMs), is drafting a standardized business plan to help restructure their debts.

Fiber optic network provider PT Power Telecom has started the second phase of a project spanning Java that will help increase Internet and telecommunication subscribers, an official says.The project consists of an 833 kilometer high-speed connection linking Jakarta and Surabaya, which will...

A delegation of 174 business players from China met Indonesian counterparts Thursday to discuss Indonesia's potential for investment and business cooperation.The delegation, the biggest in number from China so far, included representatives from five sectors: Mining and energy; small to medium scale...

State oil and gas company PT Pertamina plans to buy 40,000 tons of liquefied petroleum gas (LPG) from ConocoPhilips for US$32 million to secure its May supply, which has been disrupted by a glitch at its Balongan refinery in West Java.

Aditya Suharmoko, The Jakarta Post, Jakarta The Finance Ministry has prematurely reduced import duties on raw materials to help domestic industries compete with rival products from overseas.The Ministry's head of fiscal policy (BKF), Anggito Abimanyu, said Thursday the reduction applied to duties...

A delegation of 174 businessmen from China has met Indonesian counterparts recently to discuss Indonesia's potential for investment and business cooperation, local press said Friday.The delegation, the biggest in number from China so far, included representatives from five sectors: Mining and...

The government is seeking offers for the construction of a railway linking Jakarta with the Soekarno-Hatta International Airport in Cengkareng, Banten, after the previous winner failed to start construction, an official said Friday.

Publicly listed PT Wijaya Karya (Wika), a state-owned construction and engineering company, projected a 42 percent increase in net sales revenues to Rp 6.1 trillion (US$655 million) this year on the back of booming construction, procurement and engineering work.