Indonesian Political, Business & Finance News

Archive: 30 November 2009

2 articles found

Indonesia’s geothermal development

Indonesia, which lies on the Pacific Ring of Fire, holds approximately 40 percent of the world’s geothermal reserves, equivalent to about 27,000 megawatts of electrical power. Most of the geothermal potential is found in Sumatra (13,800 MW), Java and Bali (9,250 MW), and Sulawesi (2,000 MW),...

Indonesian Businessman Strikes Back at McDonald’s

Bambang Rachmadi has fired back at fast-food giant McDonald’s, saying the US-based corporation created “artificial” losses at their domestic joint venture while “sucking” huge earnings out.“When [the joint venture] was operating in Indonesia from 1991 to 2008, McDonald’s sucked as...