A dozen foreign companies have expressed interest in making more than US$5 billion in investments in Indonesia over the next three to five years, an official says."Their interests include coal, railways, ports and bauxite smelting," Investment Coordinating Board (BKPM) chairman Gita...

The government says no foreign contractors will be involved in building the planned 26-kilometer-long Sunda Strait bridge between Java and Sumatra.“The bridge will be an icon of our nation’s rebirth.

Sarinah department store says it will open five branches next year to raise its revenue 20 percent.Three branches would be opened locally and two overseas, Sarinah president director Jimmy Gani said on Tuesday as reported by kontan.co.id business newsportal.

Indonesia. The State Enterprises Ministry is facing regulatory hurdles in making unlisted state oil and gas company Pertamina more transparent by requiring it to issue financial reports on the national bourse like a publicly trading company.

Jakarta. India’s foreign direct investment may surge to $5 billion in the next three to five years as its companies invest in coal production and power plants in Indonesia.“The investment value could reach about $5 billion,” Gita Wirjawan, head of the Investment Coordinating Board (BKPM),...

VIVAnews - The Indonesian government has outlined a plan to build the longest bridge in the world on the Sunda Strait, West Java. The final phase of the designing has reportedly been in place.Yesterday evening, Nov 29, the government held talks with the Governor of Banten, West Java, on the issue.

VIVAnews - Lotte Group, largest retailer in South Korea, will make a final offer to PT Matahari Putra Prima Tbk in its attempt to buy Hypermart. Through the buy plan, Lotte is more than ready to deal with its future competitor Carrefour SA in Indonesia.

TEMPO Interactive, Surakarta:Furniture entrepreneurs in Surakarta can relax. Before the year has ended, furniture orders from abroad have been flooding in, especially for the Christmas and New Year celebration.

Muntok, Bangka Island (ANTARA News) - The administration of Bangka Barat district in Bangka-Belitung (Babel) province is planning to develop Batu Rakit beach into a family tourism area."Batu Rakit beach will be developed into a resort for family outings," local Culture and Tourism Office...

Jakarta (ANTARA News) - The government will not impose limits on foreign capital flows into the country but channel them so as to spread them evenly over different sectors, a spokesman said."We will not in any way put limits on foreign capital inflows but we intend to spread the flows over...

Jakarta (ANTARA News) - Indonesia as a developing country which has been integrated with the rapidly growing international trade in East Asia, with China as its main driving force, World Bank senior economist Sjamsu Rahardja said.

every couple of sundays they close jalan thamrin-sudirman to traffic. the middle class drive their kijang to a side-road, get out their expensive road-racers, and proceed to parade up and down the empty jalan protokol.