Quote: We still stick with 85 percent to 15 percent in favor of the government in terms of oil production, and 65 percent to 35 percent in favor of the government in terms of gas production. We think with oil prices hitting new records, such arrangements are still attractive for investors. Bet you the Oil Companies will not be happy with that! Welcome to Indonesia, 85% of what you produce is ours.....

Owners of strata title properties must pay attention to the land status of their offices or apartments, especially when the developers only earn Building Rights to establish the properties, an expert says. Agrarian Law Professor at the University of Indonesia, Arie Hutagalung said consumers should only buy properties built on these kinds of lands as long as they were well-informed about consequenses of the right's status.

Ika Krismantari, The Jakarta Post, Jakarta Upstream oil and gas regulator BPMigas is responsible for ensuring oil and gas contractors operating in the country generate full benefit for the people, as demanded by the 1945 Constitution. However, data since its inception in 2002 indicate the regulator has not lived up to these expectations, particularly its failure to reverse the trend of declining oil production, which has contracted by an average of 4 percent per year since 1995.

Unlike most products on the market, motorcycle sales are likely to weather the pressure from a fuel price rise and may even have to revise up their sales target, market players say. The Indonesian Motorcycle Industry Association (AISI) projected sales of 5.2 million units this year, up from 4.69 million last year. Indonesia is the third largest market for motorcycles in the world, after China and India.

Business in Indonesia still relies on political rather than technical or professional support, Vice President Jusuf Kalla said Saturday, which allowed unfair competition among businessmen close to the government. His remarks, read by Agriculture Minister Anton Apriyantono at the 49th anniversary of Tanjungpura University here, pointed at the continuing prevalence of "delinquent" importers, capital flight and bad business practices of Indonesia's entrepreneurs.

PT Pertamina may have trouble limiting fuel transactions to stop panic buying in response to planned fuel price increases because of a lack of regulations for implementing the policy. Several gas stations in Jakarta have yet to limit purchases because of confusion over how to put the policy in place. Omar, an attendant at a gas station in Cilangkap, East Jakarta, said the management of the station told him they would implement the policy starting Monday, but there has been no follow-up.

Jakarta (ANTARA News/Asia Pulse) - Rio Tinto (ASX:RIO) is expected to start work on a US$2 billion investment in a nickel mining project in Lasamphala, Central Sulawesi in the second half of this year. Head of the Investment Coordinating Board (BKPM), Muhammad Lutfi, said the agency and the home affairs ministry wanted the mining giant to accelerate the implementation of its project.

Jakarta (ANTARA News/Asia Pulse) - PT Pamapersada Nusantara said it has won a contract worth US$1 billion to develop coal mines for PT Jembayan Muarabara. The subsidiary of heavy equipment company PT United Tractors (JSX:UNTR) will help in digging and removing soil in a coal mine with an estimated capacity to produce 10 million tons of coal a year. The contract is an extension of a previous contract for another five years, United Tractors President Djoko Pranoto said.

Jakarta (ANTARA News) - Indonesia's investment agency chief on Monday rejected suggestions that a court ruling against Singapore's Temasek Holdings for alleged breach of anti-monopoly laws would deter foreign investors. Investment Coordinating Agency chief Muhammad Lutfi said the government had no power to influence the judicial process and expressed confidence the ruling would not damage Indonesia's investment credentials.