Indonesian Political, Business & Finance News

Archive: 30 July 2009

8 articles found

Siemens Indonesia spends 8.7m euro on expansion

siemens

Siemens Indonesia spends 8.7m euro on expansion

JAKARTA: PT Siemens Indonesia is investing 8.7 million euro this year to expand of its power-generation factory in Cilegon, Banten.The expansion includes the installation of new machines and equipment to accommodate international orders awarded by parent company Siemens AG.

Geothermal projects `less attractive' for investors

Poor resource data, opaque tender processes and inadequate provisions in Power Purchase Agreements (PPA), have made investors shy away from developing geothermal power plants in Indonesia, an investment officer at the International Finance Corporation (IFC) said on Wednesday.

Indonesia Not Ready for ASEAN-China Free Trade

TEMPO Interactive, Jakarta: Indonesia is considered to be not ready to face the effects of excise fee removal as part of the ASEAN and China free trade agreement in 2010.Deputy of the Indonesian Chamber of Commerce and Industry (Kadin) for Domestic Trade, Benny Sutrisno, said that during the last...

Malaysian Agriculture Minister to Prioritize Products from South Sulawesi

TEMPO Interactive, Jakarta: The Malaysian Agriculture and Agricultural Industry Minister, Dato' Noh Bin Haji Omar, is visiting South Sulawesi today (30/7) and meeting the governor Syahrul Yasin Limpo.The visit is to follow up the earlier visit of Malaysian Prime Minister, Najib Tun Rajak who said...

Seven ASEAN Nations to Join Batam Expo

TEMPO Interactive, Batam: The Batam Chamber of Commerce and Industry (Kadin) is holding the 2009 Batam Expo that will be attended by 7 of the 10 member countries in the Association of Southeast Asian Nations (ASEAN).

Exxon oil find shows Indonesia investment hurdles

GAYAM, Indonesia (Reuters) - Exxon Mobil Corp's (XOM.N) Cepu find in this poor rice-growing area of Java was meant to revive Indonesia's flagging oil output, but nearly a decade later there has been barely a trickle of oil from the huge field.

Jakarta Property Market Still Down, But Recovery Is Near: Consulting Firm

The local arm of the Chicago-based property consulting firm Jones Lang LaSalle said Jakarta’s residential market has yet to recover from the global economic downturn, with figures for property sales and leases down dramatically compared to last year.