VIVAnews - South Africa-based company South Africa Coal, Oil and Gas Corporation (Sasol) is likely to cancel around US$10 billion of investment in Indonesia due to the lack of coal supply from PT Bukit Asam Tbk. "Seemingly, it's hard for Sasol to put in investment because Bukit Asam can't afford to supply the needed coal," said Chief of the Capital Investment Coordinating Agency (BKPM) Gita Wirjawan today, Nov 4.

TEMPO Interactive, Denpasar:The Minister of Tourism and Culture from the Megawati Era, Gde Ardika, has proposed the limitation of Bali tourists so that the Bali support capacity can be maintained. “This is no longer the time for mass tourism, but more of a qualitative target,” he said yesterday in Bali. Right now, according to Ardika, Bali, which was visited by 1.9 million tourists, has surpassed its capacity.

Surabaya, E Java (ANTARA News) - The strategy that should be applied in the face of global competition is to improve the quality of domestic products, a deputy minister said. "We need a synergy program for the improvement of goods quality and competitive edge in the face of the global market," Deputy to the Chief Economic Minister for industry and Trade affairs Edy Putra Irwawady said here..

Jakarta (ANTARA News) - Indonesia should develop and use seaweed as a biofuel since the commodity can be easily produced on a massive scale in the country, a marine resources official said. "Indonesia should adopt a strategy to develop its seaweed industry to produce biofuel and eventually make it its main fuel," said Soenan H Poernomo, the head of the Marine and Fisheries Ministry`s Data, Statistics and Information Center, said here Friday.

Jakarta (ANTARA News) - Indonesia expects investment next year to grow by 15 percent of the target of Rp160.1 trillion for this year but critics suggest much needs to be done to improve the investment climate. The lengthy licensing procedures, the inadequate number of infrastructure facilities, a lack of transparent taxation system, restriction on foreign investment, limited access to land and poor protection of investment are likely to remain obstacles to investment.

In plotting a path to boost US exports, the Obama administration has turned a keen eye to the trillions of dollars Indonesia and other Asian nations plan to spend on power plants, transportation and other infrastructure in coming years, expecting it to boost American makers of heavy equipment and other top companies. But the view offered by Indonesian and business officials familiar with the country is more measured: Don’t bet on it.

Jakarta. US President Barack Obama’s visit to Indonesia this week will encourage more American businesses to explore opportunities in the country, says Joe Bartlett, president of the American Chamber of Commerce in Indonesia. Bartlett said that over the past six months, several US companies had come to Indonesia to check out the opportunities.