The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) has declared the retailer’s recent acquisition of publicly listed rival PT Alfa Retailindo is in line with regulations. However, the monopoly watchdog KPPU has announced its objection to the takeover over concerns Carrefour is monopolizing the country’s consumer retail sector. (JP/Ricky Yudhistira)Any better offers?: Customers pack French retailer Carrefour’s outlet Monday at ITC Cempaka Mas in Jakarta.

Jakarta (ANTARA News/Asia Pulse) -- Indonesia's PT Indosmelt plans to build a copper processing factory in the regency of Maros, South Sulawesi with an investment of US$500 million. Construction of the project will start next year in cooperation with an Australian investor Ausmelt (ASX:AET), Indosmelt President Natsir Mansyur said.

Tuesday, 14 April, 2009 | 14:37 WIB TEMPO Interactive, Jakarta: The State-owned geothermal company (PLTP) Lahendong units 1, 2, and 3, will supply electricity for people in North Sulawesi by using geothermal energy. It is predicted that geothermal energy in Lahendong/Tompaso can create 200 megawatts of electricity. At the present, PLTP Lahendong has nine production refineries with two refineries for the power at PLTP itself.

Seremban, Malaysia (ANTARA News/Asia Pulse) - The Al-Aidid Petro Corporation Sdn Bhd (APCSB), is set to undertake the development of an integrated petroleum city on Breueh Island in northern Aceh, Indonesia. The company is a special purpose vehicle set up by three companies, namely Aceh World Trade Centre (AWTC) from Indonesia and Malaysian companies Khairi & Zakri Holdings and Al-Aidid (M) Sdn Bhd.

ISTANBUL - Indonesia has set a goal to attract $358 billion of private investment by 2010 and hopes foreign investors, including Turkish businesses, will provide some of the capital, Muhammad Lutfi, chairman at Indonesia’s investment coordinating board, said in Istanbul yesterday. "Several sectors in Indonesia, including crude palm oil and coil industries, offer notable opportunities. We see Turkey as a gate to the European Union," Lutfi told Hürriyet Daily News & Economic Review yesterday.

The Business Competition Supervisory Commission, or KPPU, brought PT Carrefour Indonesia in for questioning on Monday as part of a probe into allegations that the French supermarket chain was operating a monopoly. Carrefour is accused of violating a clause in the law restricting businesses from acts leading to monopolistic practices and another forbidding businesses from exploiting market dominance to control trading terms, the antimonopology agency said.