Indonesian Political, Business & Finance News

Archive: 12 August 2009

6 articles found

Nalco smelter construction may face delay

India’s state-run National aluminium Company (Nalco) may postpone the construction of an aluminium smelter in Indonesia due to problems in securing coal supplies for power generation, an official said Tuesday.

Barriers to renewable energy development

Energy Law has been promulgated and has set the direction of our future energy policies. The government is committed to increasing our primary energy portfolio from the current 4.5 percent of energy used from renewable resources and low carbon sources, to over 17 percent by 2025.

Carrefour Says French Embassy to Help Resolve Dispute Over Closed Market

The French Embassy has been enlisted to help PT Carrefour Indonesia resolve disputes that have led to the closure of one of its Jakarta stores and a threat to close a Palembang outlet, a company lawyer said on Tuesday.

Hess Indonesia Says It May Have Struck Huge Gas Reserve

PT Hess Indonesia said it believed it has found a huge gas reserve in the Semai V field in the Arafuru sea off Papua.The Semai V field may hold gas reserve as big as that of Tangguh, Hess operation superintendent Joseph Witjaksono said.

Apindo: Terrorists` arrests make investors feel safer

Palangkaraya, C Kalimantan (ANTARA News) - The chairman of the Association of Indonesian Businessmen (Apindo), Sofyan Wanandi, said the recent arrests of terrorists had given the investors` community a greater sense of security.

CPO Exports From Indonesia Could Grow 10% Under Indian Trade Deal

The volume of crude palm oil exports to India is expected to rise by 10 percent next year, thanks to the Asean-India Free Trade Agreement, according to a commerce promotion body.Under the deal, which is due to be signed at this week’s Asean Economic Ministerial Meeting in Bangkok, India is...