State-owned bank PT Bank Mandiri hosted Papua Investment day on Thursday as part of efforts to persuade businessmen to invest in Papua and West Papua provinces.The two-day-event, which will conclude on Friday, is attended by 60 investors, 11 state enterprises, and Papua and West Papua governments.

Stainless steel producer Dingxin Group of China and nickel mining company PT. Bintangdelapan Mineral of Indonesia have agreed to form a joint venture company in Central Sulawesi to mine and process nickel.

Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) said that businesses which wanted to invest in Papua should be given incentives such as tax holidays in order to accelerate growth in the region.

TEMPO Interactive, Jakarta: Entrepreneurs are being asked to play an active role in eradicating corruption. According to Transparency International, the funds found in corruption cases come from the private sector.

Eco-labeling and better quality control have put Indonesian furniture makers in position to grab some of China’s share of the European Union market, the industry association said on Wednesday.All members of the Indonesian Furniture Industry and Handicrafts Association (Asmindo) that export to...

The Agriculture Ministry is considering a plan to issue restrictions affecting commercial farms, including a provision that could limit crop exports, a senior official said on Wednesday. The move is to protect domestic food security.

Giant Norwegian aluminium producer Hydro could invest up to $4 billion in a proposed alumina plant with state miner PT Aneka Tambang in Tayan, West Kalimantan, if Russia’s United Company Rusal decides to pull out of an earlier partnership agreement, a senior government official said on Wednesday.

Indonesia's economy may expand more than 5.9 percent next year if the government pushes efforts to support the tradable sector that produces goods, economist Faisal Basri said Wednesday."The economy may expand 5.9 percent without the government doing anything (significant).

Most business players in the country tend to pay bribes to public officers, including government officials, to smooth their business, a survey conducted by the Transparency International (TI) reveals.TI found in its latest survey that corruption remained unchecked in Indonesia, involving up to 60...

Alfian, The Jakarta Post, Jakarta Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part because of a greater degree of certainty following the enactment of the mining law, theInvestment Coordinating Board (BKPM) says.

Mustaqim Adamrah, The Jakarta Post, Jakarta The government has imposed a safeguard measure to protect local producers of nails and wire against a spike in imports from China and Malaysia, by introducing additional fees on imported goods of this type.

Two days before the end of its five-year tenure on Sept. 30, the House of Representatives took a final shot at foreign oil companies, urging the government to submit a new bill to replace Law No. 22/2001 on oil and gas, arguing the present law is far too loaded in favor of foreign contractors.

TEMPO Interactive, Jakarta: An economist from the University of Indonesia, Faisal Basri, is recommending five strategic targets to the next government in order to achieve the acceleration of equal and fair economic growth.

Jakarta (ANTARA News/Asia Pulse) - Indonesia's petrochemical industry needs an additional investment of U$22.6 billion in the upstream sector in the next five years to support the downstream sector of the industry, PT Tuban Petrochemical Industries said.

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono is scheduled to officially launch the physical construction of the Palapa Ring project on October 12, 2009.Communication and Information Ministry spokesman Gatot S.