siemens

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. The factory is a feeder plant located on 43,000 square meters of land, with a 24,000-square-meter production facility, the company said Wednesday in a statement.

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.

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 four years, the trade balance between Indonesia and China had kept declining.

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 he considered South Sulawesi as an area with agricultural potential. The commodities to be imported from South Sulawesi include rice, maize, seaweed, and cattle.

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). This event promotes products from these countries and the Batam Visit year 2010 program. Batam Expo is also being attended by 22 provinces in the country.

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. Indonesia has the world's 10th largest natural gas reserves and 25th biggest oil reserves, while it ranks in the top ten for copper, gold, nickel and tin, but a poor investment climate has deterred new foreign interest to develop its rich resources.

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. “Sales of apartments are still down, while new unit leasing also declined during the first half of this year,” Anton Sitorus, head of research at PT Jones Lang LaSalle Indonesia, said on Wednesday.