Amid declining oil production, a long-standing issue that the Indonesian government has not satisfactorily resolved is whether to continue to be tough against oil companies on the question of financial incentives or to be flexible.

VIVAnews - To achieve growth in the gross domestic products at seven percent by 2012, the Indonesian government must advance the capital expenditure twice as much as this year's budget.The government this year have just spent infrastructure expenditure by 3.5 percent of the GDP.

TEMPO Interactive, Jakarta:Thailand Trade representative, Suthad Setboonsarng, said most of the 18 countries participating in the 2010 Indonesia-Thailand Business Forum and Business Networking Programs are engine producers.

TEMPO Interactive, Jakarta:Gita Wirjawan, the Investment Coordinating Board (BKPM) chairman, said Hyundai, the car producer from South Korea, had expressed its interest in building a car manufacturing factory in Indonesia.

Jakarta (ANTARA News/Asia Pulse) - PT Jakarta Industrial Estate Pulogadung (JIEP), said it would start building a 130-megawatt power plant for its own use this year.Agus Dwitarto, the president of the company, which is owned by the Jakarta city administration, said the US$130 million project will...

Jakarta (ANTARA News/Asia Pulse) - China's state-owned steel company Guo Feng Iron and Steel plans to move its factory from Tangshan, China, to Indonesia with a total investment of US$1 billion, a government official said.

Some economists say Indonesia is poised to become an emerging economic power similar to China and India. Economic growth slowed slightly during the worst of the global economic crisis, but now it is again expanding at a rate of over six percent a year, and Indonesia has the second-best performing...