JAKARTA, Dec. 3 (Xinhua) -- Indonesia should seize potential foreign direct investment (FDI) source from foreign house buyers to increase economic development, an official said here on Thursday. Lukman Purnomosidi, Deputy Chairman of Indonesian Chamber of Commerce and Trade (KADIN) for Housing and...

Palm oil, little changed, may extend a four-week rally on speculation demand will remain robust in India and China, the biggest consumers of the edible oils.Palm oil prices are poised to rise “sharply” next year amid potential supply disruptions from El Nino, Dorab Mistry, director of Godrej...

The government is planning to develop regional centers for processing palm oil into biodiesel and other products to boost profit margins and create jobs, a minister said on Wednesday.The government is seeking investment to produce oleochemicals - used to make household products like soaps,...

Vincent Lingga, Jakarta Who in the government can we trust if then Bank Indonesia governor Boediono and Finance Minister Sri Mulyani Indrawati turn out to have compromised their policy decisions in bailing out Bank Century in late November 2008?That was one of the great concerns expressed by most...

A planned large-scale commercial farming or food estate project in Merauke, Papua, is expected to trigger fresh investment of up to Rp 50 trillion (about US$5.3 billion) in the area in the next five years.

Indonesia, now the world’s number one crude palm oil (CPO) producer, wants to become number one in the palm oil downstream sector with a number of government incentives currently being deliberated to boost the downstream sector.