Indonesian Political, Business & Finance News

Archive: 10 August 2009

3 articles found

Indonesia's Texas? Rural Java braces for oil boom

Sorry, but what a lousy way to frame Cepu. Indonesia's Texas? That's just daft in so many ways.

Indonesia's Texas? Rural Java braces for oil boom

BOJONEGORO, Indonesia (Reuters) - Few things seem to happen at speed in this sleepy Java town where rickshaws ply the streets. But this rural area of rice fields and teak forests is set to be transformed by Indonesia's biggest oil find in years.

ANZ targets big growth in Indonesia

Australia and New Zealand Bank (ANZ)expects the bulk of its business here to come from institutional, retail and wealth banking, following its acquisition of Royal Bank of Scotland's (RBS) local assets.