Indonesian Political, Business & Finance News

Archive: 24 August 2008

5 articles found

Adidas ends Prima contract this December

Mustaqim Adamrah, The Jakarta Post, Jakarta The 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. Adidas Group Indonesia representative chief Georg Krebelder (speaking on behalf of Adidas Group footwear sourcing head Horst Stapf) said the agreement marked the termination of the business partnership between Prima and Adidas.

Government to Give Incentives for Telecommunication Operators in Remote Areas

Friday, 22 August, 2008 | 23:57 WIB TEMPO 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. The incentive includes the spectrum scheme of worldwide interoperability for microwave access (WiMAX). WiMAX is broadband wireless access.

Germany Invests US$ 25 Million in Batam

Saturday, 23 August, 2008 | 08:44 WIB TEMPO 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. According to the company's vice president director, Norbert Hess, the products are exported to Europe and other parts of Asia.

Australia: Indonesia and Australia Will Benefit from Free Trade

Saturday, 23 August, 2008 | 08:46 WIB TEMPO 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. "Whatever actions are taken for agricultural trade liberalization will help support the global food crisis," he said in a press release issued by the Australian Embassy yesterday.

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.