Indonesian Political, Business & Finance News

Archive: 1 June 2009

5 articles found

CPO Producers Say Green Efforts Not Paying Off

It seems that the European preference for green products only goes so far. While many palm oil plantations and farmers are struggling to get certificates proving their palm oil is produced in a sustainable manner, others that have the certificates are complaining that buyers in Europe don’t want to buy their products because they are too expensive. Now, the local palm oil industry would like to see the Europeans put their money where their mouths are.

Inconsistent policies keep investors away

The status of Batam, Karimun and Bintan as being among the country’s top investment destinations is under threat as inconsistent regulations are eroding its competitiveness, say businesses. Declining competitiveness has actually been evident for several years and has not been improved by the introduction of special economic zone (SEZ) status covering the three islands, the Bintan chapter of Indonesian Employers Association (Apindo) said on Saturday.

Indonesia's LNG industry and upcoming gas projects

JAKARTA, June 1 (Reuters) - Indonesia, the world's third-biggest liquefied natural gas (LNG) exporter, is due to begin delivery from the Tangguh project in Papua in late June, helping offset falling output in other ageing fields. The global economic crisis has pushed down LNG demand around the world and means that Indonesia, which is behind Qatar and Malaysia as an exporter, should have more available to supply, particularly with the Tangguh project coming on stream.

Wiranto To Renegotiate Contracts With Foreign Corporations

Quoting: chewwyUK "We will renegotiate contracts with foreign corporations operating in the country and in the future corporations should not give no benefit to the people or at least must divide their profit equally," he said. Well thats one way to ensure that no foreign investment is made in Indonesia. ...and is thus a sad indictment of our neo colonialist global economy.

Wiranto To Renegotiate Contracts With Foreign Corporations

"We will renegotiate contracts with foreign corporations operating in the country and in the future corporations should not give no benefit to the people or at least must divide their profit equally," he said. Well thats one way to ensure that no foreign investment is made in Indonesia.