Indonesian Political, Business & Finance News

Archive: 10 October 2009

6 articles found

Provincial Governments' Business & Investment Luncheon (Jakarta, Tuesday 13 October)

Indonesia's 33 provinces invite you to participate in their inaugural Provincial Business Luncheon and Networking function at the Ballroom, Sultan Hotel Jakarta on13 October 2009.

Upstream oil and gas regulator gets new deputy from KPK

Alfian, The Jakarta Post, Jakarta The government has appointed a gratuities director at the Corruption Eradication Commission (KPK) as one of top officials at the upstream oil and gas regulator BPMigas. Lambok Hamonangan Hutauruk was sworn in as BPMigas's deputy for legal evaluation on Friday. This is a new position in the BPMigas's structure, BPMigas's chairman R. Priyono said. "This is in response to public concern. BPMigas is often seen as weak on supervision.

Papua plans to build first cement factory

Jakarta (ANTARA News/Asia Pulse) - Papua will build its first cement factory with an annual production capacity of 1 million tons in 2010, the Indonesian regional administration said. Papua Governor Barnabas Suebu said the project will cost Rp2.7 trillion(US$270 million), adding cement demand is growing in that region.

S Sulawesi to present its investment prospects to foreign envoys

Makassar (ANTARA News) - The Ministry of Foreign Affairs has invited the South Sulawesi provincial administration to present investment opportunities in the region to 40 foreign ambassadors in Indonesia. "This is a breakthrough of the governor to boost the investment climate in South Sulawesi and the very first in Indonesia that the governor received a diplomatic note," promotion head of the South Sulawesi investment agency Ani Kondolele said Friday.

Government Urged to Stop Exporting Raw Materials

TEMPO Interactive, Semarang: Indonesian Businessmen Association (API) chairman, Sofyan Wanandi, called on the government to immediately stop exporting raw materials and, instead, let local companies produce these materials so they can contribute positively to the national economic development. “We always sell raw materials. When they become goods, they are sold back to us.

MFC Global Eyes Indonesian Currency

TEMPO Interactive, Singapore: Manulife Financial’s business unit, MFC Global Investment Management, announced their interest in investing in Rupiah and Singaporean Dollars. The two currencies were chosen since their values have been appreciating along with the acceleration of economic growth in the two countries. MFC Global regional chief for Asia, Victoria Ip-Cheung, said that Asian countries will increase their loans before the US raises profits from Asian currencies.