PT ANZ Panin Bank, a unit of Australia & New Zealand Banking Group, plans to expand in Indonesia and Asia as a fundamental part of its growth strategy, executives said, Dow Jones reported. Indonesia is a high priority in ANZ's push to become a super-regional bank and generate 20% of its revenue...

Indonesian ships are strengthening their domination of domestic cargo transport carrying 148.7 million tons or 65.3% of the total domestic cargoes in 2007, an official said, Asia Pulse reported.In 2004, ships flying the Indonesian flag carried only 54% or 101.

The government will introduce regulations requiring industries to work a maximum of two days per month at weekends in order to spread peak power loads, Energy and Resources Minister Purnomo Yusgiantoro and Industry Minister Fahmi Idris said Friday, Kompas reported.

The Industry Ministry said it will issue a regulation requiring new investors in manufacturing industry to use new machines starting 2009 to be more energy efficient, Asia Pulse reported.Metal, Machines, Textile and Multifarious Industries Director General Ansari Bukhari said the use of new...

Four Japanese investors have expressed interest in investing in the Batam-Bintan-Karimun (BBK) free trade zone, a minister said, Asia Pulse reported."Four companies are interested in investing in Batam or Bintan, and there will be a business mission from Japan to visit the BBK region in...

Realized direct investment in Indonesia grew 56.2% in the year's first half compared to the same period last year, with robust foreign investments offsetting a domestic decline, the Investment Coordinating Board (BKPM) said, quoted by The Jakarta Post.

The House of Representatives and the government have agreed to reduce income taxes by 50% of normal tariffs for micro, small and medium businesses which have legal entities, Antara reported.The reduced income tax tariff was given to taxpayers with a business turnover of Rp4.

Data released by Bank Indonesia shows that foreign participation in local financial markets through Bank Indonesia Certificate (SBI) in June increased more than two times to Rp33.6 trillion from Rp16.6 trillion in May.

Aditya Suharmoko, The Jakarta Post, JakartaThe government and the House of Representatives last week finalized an amendment to the income tax law, which, when enacted next month, will cut taxes and offer incentives to businesses.

Ghazanfar Ali Khan | Arab News RIYADH: Saudi Arabia and Indonesia are all set to enter into a new vision of commercial relation with two-way trade showing 70 percent increase during the first two months of the current year.

Ten years into the reform movement, many businesses in the country are still engaging in corruption to ensure their financial success.Money for bribes remains a variable in a company's production costs, spent to ensure safe and timely delivery of goods, obtain business permits or win government...

Published: July 16 2008 16:08 | Last updated: July 16 2008 16:08Companies operating in Indonesia have criticised the government over power cuts and Jakarta’s attempts to deal with them, including an edict forcing factories to move production to weekends from next week.

The House of Representatives on June 24 approved a draft law on the formation of 12 new regencies in the country, including Anambas in Riau Islands province.The formation of new autonomous regions is part of Riau Islands' strategy to enhance balanced development and provide improved public services.

Monday, 21 July, 2008 | 18:27 WIBTEMPO Interactive, Gorontalo:“At the moment, Indonesia imports 400.000 cattle and beef equivalent to 200.000 cattle. We still need an additional 600.000 cattle for the program,” said Vice-President Jusuf Kalla, following the launching of integrated and...

Jakarta (ANTARA News) - State electricity company PT Perusahaan Listrik Negara (PLN) said on Monday its planned electrical tariff hike will not apply to all industries.The tariff hike will only apply to industries and businesses of group three and above, Al Hilal, chief of the company`s board of...