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The World Bank on Wednesday raised its outlook for Indonesia’s economic growth this year to 4.3 percent, with 5.4 percent growth expected in 2010, offering a more optimistic outlook than the International Monetary Fund did on Monday. “Indonesia has demonstrated a tremendous dynamic economy in the last three months. We believe economic growth will reach 4.3 percent by the end of the year,” said William E. Wallace, the lead economist in the World Bank’s Jakarta office.

TEMPO Interactive, Semarang:Jepara regency is the investors’ favorite region. This was shown by a report on investment realization in Central Java from January to October 31, 2009. “Out of 34 investment project completed in Central Java, eight were located in Jepara,” Anung Sugihandono, head of Central Java Investment Agency, said yesterday. Anung said that Java’s northern coast area has a good trademark. “Besides, the wood industry still exists,” he added.

TEMPO Interactive, Jakarta: East Sulawesi Provincial Administration reinstated demand for the Brazilian-controlled nickel miner Inco which operates in three provinces in Sulawesi to return 108,000 hectares of mining area to the regional government to be handed to other investors, blaming Inco for taking several strategic decisions without consulting the regional government.

Jakarta (Antara News) - A big Japan retailer, Mujirushi Ryohin (MUJI), expand their business in Indonesia market with the first outlet at Plaza Indonesia Jakarta and join with a retail local company was called Anak Jaya Bapak Sejahtera (AJBS) Group.