Jakarta province owned developer and recreation operator PT Pembangunan Jaya Ancol will spend Rp 520 billion (US$55 million) in investment next year, to be partly financed by a planned bond issue, president director Budi Karya Sumadi said Tuesday.

Two investors may become pioneers in the domestic photocopy machine industry, which is currently relying heavily on imports, as the two firms plan to build two separate factories costing about US$45 million in total investment.

When the widely-diversified business giant General Electric CEO Jeffrey Immelt visited Indonesia in October, he vowed to double his company’s investment which has reached US$1.2 billion on the back of the country’s economic resilient despite heavy blows from the global economic slowdown.

Bogor (ANTARA News) - Indonesia will maintain its status as the world`s biggest producer of crude palm oil by increasing its production and quality to support economic growth, Prof Dr Amin Tamin Subandrion said.

Gita Wirjawan, the new head of the Investment Coordinating Board, knows his job is not going to be easy.Charged with attracting foreign investors to the country, Gita takes over at the board, known as the BKPM, at a time when combined foreign and domestic investment during the first 10 months...

Farmers’ lack of access to land and capital, and the rapid conversion of agricultural land to other uses, is restraining the country’s agricultural output, experts said at a seminar on the agriculture sector’s outlook in Jakarta on Wednesday.

Gita Wirjawan, the new head of the Investment Coordinating Board, is optimistic about the country’s future as an investment destination.He said foreign investors remained “bullish” on the country, despite long-term poor competitiveness ratings by international agencies.

Investors have largely ignored the Energy Ministry’s tenders for 17 oil and gas blocks offered in June because of the government’s plans to amend cost-recovery regulations, a senior ministry official said on Wednesday.

Coal and palm oil exporters’ profit margins may narrow should the rupiah rise another 4 percent to 9,000 per dollar, and the costs of fuel and rice keep climbing, industry groups said.Seven of 17 analysts in a Bloomberg News survey predict more gains in the currency, Asia’s best performer this...

An Asean-China Free-Trade Agreement is coming, whether Indonesian producers “are ready or not,” Industry Minister MS Hidayat told lawmakers on Wednesday.The FTA will allow thousands of products from China to enter Indonesia with no import duties.

The value of mobilized domestic investment doubled this year as confidence in the country's economy increased, the Investment Coordinating Board (BKPM) says.New BKPM head Gita Wirjawan told a hearing of the House of Representatives' Commission VI overseeing trade, business and state enterprises on...

“I will give you my name card with an email address so that you can email me your problem, and I will see to it that the matter you raised is rectified.”That was how Gita Wirjawan, the new chief of the Investment Coordinating Board (BKPM), addressed businessmen at the Indonesia-Australia...