Jakarta (ANTARA News) - The Finance Ministry expects Indonesia`s upgraded credit rating from BB to BB+ to encourage more foreign investment inflows to the country. "It is expected the upgraded credit rating will not only make the cost of borrowing more efficient but also encourage more foreign investment inflows to Indonesia because of declining country risk," the ministry`s director general of debt management, Rahmat Waluyanto, said on Monday.

Jakarta (ANTARA News) - The government must intensify domestic market protection because renegotiations of the ASEAN-China Free Trade Agreement (ACFTA) cannot be counted on, a business community spokesman said. "We cannot expect something to come out from the renegotiation of the ACFTA agreement. What is more important is serious government efforts to do its homework," Indonesian Businessmen`s Associaiton (Apindo) chariman Sofyan Wanandi said here on Monday.

Jakarta (ANTARA News) - To protect domestic industries from the impact of free trade, Industry Minister MS Hidayat is to propose compulsory verification for seven kinds of imported goods. He said here Tuesday, the seven kinds of goods are cosmetics, ceramics, steel, energy-efficient lamps, cell phones, bicycles, automotive spark plugs and filters.

JAKARTA (Reuters) - Indonesia has cut the planned capacity of geothermal power plants it will start building this year by 18 percent to 3,900 megawatts (MW), an official at the mines and energy ministry said on Tuesday. Indonesia has established two programmes to increase power generation by 10,000 MW in a bid to resolve chronic power shortages in the country.

JAKARTA, Jan 26 (Reuters) - Indonesia plans a $1 billion green investment fund this year to drive infrastructure developments that aid growth and help cut greenhouse gas emissions, a finance ministry official said on Tuesday. Indonesia has promised to slash its emissions by at least 26 percent from business as usual levels by 2020 but recently re-elected President Susilo Bambang Yudhoyono has also vowed to boost economic growth to 7 percent or more by 2014.

CVC Capital Partners has struck a Rp7,200bn ($770m) deal to acquire Indonesia's leading department store chain, in the strongest sign to date of increasing foreign investor interest in the country. Pending regulatory approval, the buy-out group will gain control of Jakarta-listed Matahari Department Stores, in the country's biggest private equity deal.

President Susilo Bambang Yudhoyono said the free trade agreement between ASEAN and China (ACFTA) would not threaten Indonesia’s industries, but create opportunities for local businesses to export more goods. He also said the government would strengthen the competitiveness of local industries against cheaper Chinese products flooding the local market, while pursuing renegotiation of some tariffs with China. “Don’t think that with the agreement we will be flooded by goods exported by China.

To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not have environmental impact analysis documents (Amdal). The State Environment Ministry said it would use its new authority, as stated in the 2009 Environmental Law, which gives the ministry the authority to revoke business permits.

I'm pretty sure there is no surfing in Raja Ampat ... I think they might mean diving. Correct me if I'm wrong! Raja Ampat is an unreal place