Indonesian Political, Business & Finance News

Archive: 19 October 2010

11 articles found

US Billioner Warren Buffet Eyeing Indonesia

VIVAnews - A US investor, Warren Buffet, is willing to put in investment in Indonesia. Through Build Your Dreams Co Ltd Investor, a China-based manufacturer of batteries and electric cars, he will channel the investment.

Will Indonesia's planned land law speed up infrastructure?

JAKARTA Oct 18 (Reuters) - Indonesia plans to revamp its land law, which investors hope will speed up the acquisition of land to help build infrastructure ranging from roads to airports.Inadequate infrastructure is seen as a deterrent to attracting foreign direct investment to Southeast Asia's...

Which One to Invest in: Gold or CPO?

VIVAnews - The prices of crude palm oil and gold in the market are rising quite unexpectedly. Gold is now tagged at US$1,372 per troy ounce, a 30 percent increase within this year. "Analysts predicted that gold prices will be at US$1,450 per troy ounce until the end of 2010," said...

PLN Considers that Geothermal Electricity Price is too Expensive

TEMPO Interactive, Jakarta:The Managing Director of state-owned power firm PLN, Dahlan Iskan, said that they will have trouble using geothermal energy as electricity, because its domestic price of US$ 9.

Palu immigration hunting problematic Indian national

Palu, C Sulawesi (ANTARA News) - The Palu immigration office has launched a hunt for a problematic Indian national identified as Sunil Dut, a spokesman said.Yusus Sadu, head of the Local immigration detention center, said here on Tuesday there was information that Sunil Dut was hiding in Tojo...

Germany's Ferrostaal Aiming Oil Palm Industry

VIVAnews - Germany-based firm Ferrostaal AG will put in investment in the downstream sector of oil palm industry such as biodiesel and beta-carotene in Sei Mengkei, North Sumatra.Ferrostaal will joint with PT Perkebunan Nusantara III and PT Perkebunan Nusantara IV to develop agriculture-based...

Processing industry`s growth exceeds target

Jakarta (ANTARA News) - Indonesia`s non-oil/non-gas manufacturing industries grew 4.91 percent in the second quarter of this year, exceeding the government-set target of 4.65 percent, a deputy minister said.

Japan pledges to build economic zones in RI

Jakarta (ANTARA News) - Coordinating Economic Minister Hatta Rajasa said Japan had pledged to develop Indonesia`s special economic zones in several parts of the country at a cost of 52.9 billion US dollars.

Seven foreign investors to build cocoa plants in RI

Jakarta (ANTARA News) - Seven foreign investors have expressed keen interest in building cocoa processing plants in Indonesia following the imposition of duties on cocoa exports as of April 1, 2010.The seven investors are ADM Cocoa and Olam International of Singapore, Guanchong Cocoa of Malaysia,...

Joint Malaysia-Indonesia Council proposed to fight threats against palm oil

Kuala Lumpur (ANTARA News/Bernama) - Malaysia and Indonesia should set a joint council based in Europe and the United States to fight negative perceptions and unfounded allegations made against the palm oil industry.The proposal came from former primary industries minister Tun Dr Lim Keng Yaik.

Indonesia’s Resource Firms Wary of Chinese Takeovers

China may have to settle for minority stakes and financing deals when it comes to mergers and acquisitions targets in Indonesia’s resources sector, given a reluctance of locals firms such as Bumi Resources to cede control of assets.