Good corporate governance practices in Indonesia have shown robust development in the past decade, paving the way for the country to attract more foreign investors to realize its 6 percent economic growth target, an expert says. World Bank lead economist Subham Chaudhuri said Friday that the positive trend would help Indonesia to boost investors’ confidence. He added that the good momentum had to be utilized to deepen and expand the country’s capital market.

NUSA DUA, Indonesia, Dec 10 (Reuters) - Indonesia's mining sector has attracted 53 trillion rupiah, or $6 billion, in bank financing up to September this year, surpassing 43 trillion rupiah for all of 2009, and is set to grow further in coming years due to strong demand and escalating prices of minerals. The figure far exceeds the 14 trillion rupiah that banks loaned to the mining industry in 2006, figures from Bank Indonesia show, despite current uncertainties over the country's new mining law.

TEMPO Interactive, Jakarta:Indonesia and India agreed to hold the Indonesia-India Comprehensive Economic Cooperation Agreement (IICECA), to discuss reducing tariffs and other aspects of free trade “Details of the negotiation will be discussed during our visit to India,” said Gusmardi Bustami, Director General of International Trade, in Jakarta yesterday. Several topics to be discussed are tarif and non-tariff obstacles prevailing in both countries.

TEMPO Interactive, Jakarta:Jakarta’s economy improved in 2010. The economy was still impacted by the 2008 and 2009 global crises. But conditions had improved in 2010 and they are predicted to improve even further next year “There was infrastructure improvement, such as in the transportationsector, and a stable distribution of raw material products,” said Agus Suherman, head of the Jakarta Central Statistic Agency (BPS), on Wednesday.

Coordinating Economic Minister Hatta Rajasa and Japanese Foreign Minister Seiji Maehara signed here Friday the Memorandum of Cooperation on the development of the Metropolitan Priority Area, worth ¥2 trillion (US$24 billion). President Susilo Bambang Yudhoyono witnessed the signing ceremony of a deal that will focus on building infrastructure in Jakarta and its surrounding areas.