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.

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.

Ika Krismantari, The Jakarta Post, JakartaUpstream 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.

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.

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.

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.

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...

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...

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.