Indonesian Political, Business & Finance News

Archive: 25 February 2009

17 articles found

Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia

Originally Posted By: kenyeungOriginally Posted By: KuKuKaChuin 1994-1995, involving myself, the then head of BKPM Theo TeomionJust a moment. Theo Toemion was head of BKPM from June 2001 to May 2005. Prior to being given the BKPM top job (at the behest of Mega) he was occupied in the DPR, dealing...

Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia

Originally Posted By: KuKuKaChuin 1994-1995, involving myself, the then head of BKPM Theo TeomionJust a moment. Theo Toemion was head of BKPM from June 2001 to May 2005. Prior to being given the BKPM top job (at the behest of Mega) he was occupied in the DPR, dealing with BI amendment and PDIP...

Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia

i have personally experienced KPK backing down in the face of pressure, in 1994-1995, involving myself, the then head of BKPM Theo Teomion, the direktur-jendral of immigration, and the head of the Foreigners Supervisory division of the immigration office.

Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia

Quote:Azhar denied anyone is untouchable in Indonesia, saying the dearth of so- called "big fish" being caught was due to the difficulty of proving corruption cases."For example even if I strongly suspect you're corrupt, I just can't arrest you as I please.

Anti-Graft Czar: Will Take Up To 20 Yrs To Clean Up Indonesia

JAKARTA (AFP)--He counts lawmakers and senior officials among his scalps but Indonesia's anti-corruption chief says it could be 20 years before graft entrenched at all levels of government has been cleaned up.

Investment jumps 61% in January

The Jakarta Post, JAKARTA The global financial crisis has yet to derail flows of investment into Indonesia, as foreign investment in January jumped by 61 percent from a year earlier.Foreign direct investment (FDI) in the first month of the year reached US$710 million, far more than the $440 million...

Rio Tinto says committed to Indonesia nickel project

JAKARTA, Feb 24 (Reuters) - The Indonesian unit of Rio Tinto Ltd/Plc (RIO.AX)(RIO.L) remains committed to a $2 billion nickel project in Indonesia's Sulawesi island, although is waiting for more clarity under a new mining law, an executive said on Tuesday.

Minister says difficult for industries to expand this year

Jakarta (ANTARA News) - Industry minister Fahmi Idris said it would be difficult for industries in the country to expand this year in view of low credit growth.He said here on Tuesday that the national credit growth this year was expected to reach only around 15 percent compared to 31 percent last...

Domestic investment predicted to be higher than FDI

Jakarta (ANTARA News) - Indonesia`s Capital Investment Coordinating Board (BKPM) predicts the growth of domestic capital investment in the country would be higher this year than that of foreign directl investment (FDI).

Kuwaiti Oil Firm to Invest $300MM for Increase in Indonesian Output

There is something here they are not being straight about. They never mentioned that they sold their majority shareholding of their Bula field operations to the Chinese (CITIC) and that the field is in severe decline.

Indonesia investment agency says FDI jumps 61 pct in Jan

JAKARTA, Feb 24 (Reuters) - Foreign direct investment in Indonesia jumped 61 percent to 6.39 trillion rupiah ($536 million) in January from a year ago, the state investment agency said on Tuesday, despite the global economic downturn.

Firm Legal Ground Needed to Boost Foreign Investment: Australian Miners

Australian mining companies are still interested in digging minerals in Indonesia, despite uncertainties surrounding the country’s new Mining Law, social issues, and tax and fiscal regimes, Australian mining representatives said on Tuesday.

Mining Law Additions to Be Set by July

The Energy and Mineral Resources Ministry expects implementing regulations for the recently enacted Mining Law to be ready by July at the latest, hopefully clearing the way for a resumption of investment in the sector.

Government Scrambles to Find New Power Investors

The central government is desperately seeking new investors, including from the Middle East, to finance its stalled $8 billion “fast-track” energy expansion program, after a consortium of Chinese banks - the major backers of the progra m - apparently dropped out due to a separate trade dispute...

Kuwaiti Oil Firm to Invest $300MM for Increase in Indonesian Output

Xinhua News Agency The Kuwaiti oil and gas company KUPPEC, a subsidiary of Kuwaiti Petroleum Corporation, would invest another US $200 to $300 million in Indonesia within 2 to 3 years, a KUPPEC top official said here Tuesday.KUPPEC Deputy Managing Director A.

Batam cries out for mental asylum amid crisis

Batam, an island where the government plans to adopt China’s strategy to attract global investment by building a special economic zone is home to an increasing amount of people with various kinds of mental illness, a problem that will only worsen as the global economy plunges into crisis, an...

PGE to invest US$130 mln in geothermal power projects

Jakarta (ANTARA News/Asia Pulse) - PT Pertamina Geothermal Energy (PGE) has said it will spend US$130 million this year to finance development of a number of geothermal power projects.PGE President Abadi Poernomo said the subsidiary of state oil and gas company PT Pertamina was now developing the...