Indonesian Political, Business & Finance News

Archive: 24 August 2008

5 articles found

Adidas ends Prima contract this December

Mustaqim Adamrah, The Jakarta Post, JakartaThe world's second-largest sportswear manufacturer, Adidas Group, has placed its final orders with local shoemaker PT Prima Inreksa Industries, under an agreement signed by both companies on Friday at the Industry Ministry.

Government to Give Incentives for Telecommunication Operators in Remote Areas

Friday, 22 August, 2008 | 23:57 WIBTEMPO Interactive, Jakarta: The Postal and Telecommunication Director General Basuki Yusuf Iskandar said the government will give frequency incentives for operators willing to build up the telecommunication industry in isolated areas.

Germany Invests US$ 25 Million in Batam

Saturday, 23 August, 2008 | 08:44 WIBTEMPO Interactive, Batam :German company PT Epcos Indonesia has invested US$ 25 million in Batam, Riau Archipelago. The electronic company employing 3.500 people produces 200 million units of negative thermal censor per year.

Australia: Indonesia and Australia Will Benefit from Free Trade

Saturday, 23 August, 2008 | 08:46 WIBTEMPO Interactive, Jakarta:Australian Agriculture, Fishery, and Forestry Minister, Tony Burke, said that Indonesia and Australia will benefit from the ASEAN- Australia-New Zealand Free Trade Agreement.

Govt rejects proposed escalation of infrastructure contracts

Jakarta,(ANTARA News) - The government eventually turned down a proposal for an increase in the value of contracts for infrastructure projects under a cooperation between the government and private businesses, because the proposal did not meet the legal requirements.