Originally Posted By: Dilli "In addition, the overseas oil purchases were made through the services of brokers making the purchasing prices higher then they could be," Bimo said. I believe there are a group of Indonesians in Singapore doing rather nicely out of these "overseas" purchases And I am sure there are the proper deposits in to the right accounts in Singapore to keep this lucrative business from moving to another trader..............

A Saudi investor has proposed Indonesia and Saudi set up a joint promotion company to increase investment in both countries. According to the chairman of the Global Unions Company of Saudi Arabia, Dr. Khalid S. Al Musa, the proposed body would promote investment projects. He said the joint company would also serve as a consultant, and that Saudi Arabia was ready to conduct a feasibility study on its establishment.

"In addition, the overseas oil purchases were made through the services of brokers making the purchasing prices higher then they could be," Bimo said. I believe there are a group of Indonesians in Singapore doing rather nicely out of these "overseas" purchases

Jakarta, (ANTARA News) - By deciding to use its right of inquiry on the government`s fuel oil pricing policy, the House of Representatives (DPR) can now summon anyone involved in the production, distribution and consumption of fuel oils for questioning, one of the legislators behind the initiative said. Ario Bimo, a member of the Indonesian Demcoracy Party-Struggle (PDI-P) faction in the House explained the significance of the House`s initiative here on Wednesday.

Singapore (ANTARA News) - Visitor arrivals in Singapore rose 0.8 percent to 828,000 in May from a year earlier, a record for the month, the Singapore Tourism Board (STB) said on Friday. Tourists paid 28.2 percent more for hotels compared to a year earlier, with the average room rate at S$249, but the average occupancy rate dropped 3.5 percentage points to 82 percent.

Jakarta, (ANTARA News) - The Japanese government will cut its import duties on 80 percent of tariff posts of goods from Indonesia beginning July 1, 2008, as part of the implementation of the Economic Partnership Agreement (EPA) between the two countries, Indonesian Trade Minister Mari Elka Pangestu said. "We hope that will enjoy the benefits of the program within the next 12 months.

Jakarta, (ANTARA News) - Eight Saudi large companies have set aside US$2 billion to develop Indonesia`s agroindustry, a Saudi executive said. "Saudi Arabia has allocated huge funds for investment in the agroindustry. Eight Saudi companies are ready to cooperate with Indonesian partners which are serious in establishing such cooperation," Chairman of Saudi Arabia`s Global Unions Company Khalid S Al-Musa said at the Indonesia-Middle East Business Forum here on Thursday.