Jakarta (ANTARA News/Asia Pulse) - Indonesia's second-largest cement maker PT Indocement Tunggal Prakarsa (JSX:INTP) will invest US$80 million this year. Part of the funds will be used to build a cement mill now under construction in Cirebon, West Java, with a capacity of 1.5 million tons a year. The project would be completed by the end of this year, Indocement President Daniel Lavalle said here last weekend.

TEMPO Interactive, Jakarta: Indonesia exports sank US$20.38 billion in the first semester this year from a year earlier led by slowing demand in foreign market, the statistics agency reported on Monday. Oil and gas exports saw the largest drop of 55.42 percent to US$16.09 billion acording to the agency, while non oil and gas export down by 21.1 percent to US$42.85 billion, pushing down exports by 28.94 percent to US$50.02 billion from US$70.4 billion in the first semester of 2008.

Press Trust of India / Chandigarh Having positioned itself as a leading rice bran oil brand in the country, A P Solvex Limited now plans to venture into overseas market by setting up its first oil extraction and refining plant in Indonesia with an estimated investment of Rs 30 crore.

Susilo Bambang Yudhoyono, Indonesia’s president, on Monday forecast faster growth net year and a narrowing of the country’s fiscal deficit, alongside a likely increase in inflation. In his 2010 budget announcement, Mr Yudhoyono said Indonesia was targeting growth of 5 per cent in 2010. Indonesia’s finance ministry has forecast 4.3 per cent growth for this year.