Originally Posted By: kenyeung Originally Posted By: KuKuKaChu in 1994-1995, involving myself, the then head of BKPM Theo Teomion Just 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 matters. Prior to that he was involved in banking, insider trading, investments and money markets.

Originally Posted By: KuKuKaChu in 1994-1995, involving myself, the then head of BKPM Theo Teomion Just 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 matters. Prior to that he was involved in banking, insider trading, investments and money markets. According to his CV, in 1994-95 he was President Director of Money Broker.

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. theo, of course, eventually went to jail on quite another matter, helped along by the attention he got from KPK during the course of the investigation into my case.

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. The KPK doesn't want to abuse its power," he said. Horsefeathers. Azhar's predecessor Taufiequrachman Ruki a few years ago admitted to Newsweek that it was unwise to go after the biggest fish.

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. Since its inception in 2003, the independent Corruption Eradication Commission, known by its local acronym KPK, has gained a fearsome reputation as one of the few clean institutions in a country ranked among the world's most corrupt.

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 recorded in the same period in 2007, as shown by data from the Investment Coordination Board (BKPM).

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. Many global resource firms have been reviewing investment decisions due to a dive in mineral prices, while Rio Tinto has been looking to sell assets in a number of countries to cut its heavy debt load.

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 year.

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). Its chief, Muhammad Lutfi, said after signing a memorandum of understanding with HSBC here on Tuesday that this year FDI in the country was projected to grow only 20 percent.

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. One can only assume that Hess, premier and Japex will see the benefits of this largesse while Bula goes quietly off-line.

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. Muhammad Lutfi, investment board chairman, said that the energy, infrastructure, agri-business and agriculture sectors are the main areas expected to attract foreign investment this year.

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. “Australia’s mining relationship with Indonesia is more than simply selling products and services.

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.

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 with Indonesia over a stalled deal to purchase 15 commercial turboprop aircraft.

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. Naser Y Al-Fulais told reporters after meeting with Indonesian Vice President Jusuf Kalla that the additional investment aims at boosting production from the current output of 15,000 barrel per day.

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 official has said. The crisis, which affects global demand for Indonesian goods, has led to massive layoffs of industrial workers in the island.

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 Ulu Belu geothermal power project in Lumut Balai and the fifth and sixth units of the Lahendong geothermal power plants in North Sulawesi.