JAKARTA, Dec. 1 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Tuesday said that Indonesia's trade volume with China is expected to reach 50 billion U.S. dollars in next five years on spur of the improving economic performance, Indonesian Presidential spokesman said here Tuesday.

JAKARTA - Rampant corruption in Indonesia's forestry sector costs the government two billion dollars a year and undermines plans to use forest conservation to offset carbon emissions, a report said Tuesday. US-based watchdog Human Rights Watch (HRW) said graft at every level of the country's logging industry had to be overcome before investors could have any confidence in proposed carbon credits linked to protected forests.

Indonesia posted this year's record high in exports, selling US$11.88 billion of goods in October, amid falling demand caused by the global economic downturn, the Central Statistics Agency (BPS) announced Tuesday. "It was the second time exports surpassed $10 billion," BPS head Rusman Heriawan told a press conference. Exports in October rose by 10.12 percent from a year earlier, and 20.72 percent from the previous month.

JAKARTA, Nov 30 (Reuters) - Indonesia will give new incentives to oil and gas investors, including more favourable tax treatment and production split, in order to encourage more exploration, the mines and energy minister said on Monday. Indonesia has been offering new exploration rights and financial incentives for oil investors in a bid to stem a steady decline in production. However, oil industry players have said that the incentives are not enough.

The Indonesian Chamber of Commerce has called on the government to issue a joint ministerial decree to eliminate overlapping functions of ministries in dairy and beef farming. The chamber, also known as Kadin, said eliminating the overlaps would help Indonesia compete in a free trade agreement signed between the Association of Southeast Asian Nations, Australia and New Zealand.

Jakarta (ANTARA News) - Several industries in Indonesia will ask for a postponement of the implementation of the China-Asean Free Trade Agreement because they were not yet prepared, Minister of Industry MS Hidayat said.

Indonesian officials said on Monday that the Dubai World debt crisis would not effect commitments from investors in the United Arab Emirates to finance several major projects here, although they warned local companies to “seriously reconsider” plans to expand into the Middle East. Coordinating Minister for the Economy Hatta Rajasa said Dubai World’s postponement of billions of dollars in debt repayments would not derail projects getting their funding from the UAE.

As Dubai World’s debt crisis continues to ripple though global markets, the government on Monday questioned another emirate-owned company’s commitment to a $600 million tourism project in Lombok. “We have already fulfilled all [Emaar Properties’] requirements. It’s now up to them,” said Harry Susetyo Nugroho, deputy minister in charge of tourism at the State Enterprises Ministry.