Indonesian Political, Business & Finance News

Archive: 21 December 2010

10 articles found

US$100m for RI’s 1st butadiene plant

The nation’s largest petrochemical firm Chandra Asri will set aside US$100 million to build the first butadiene factory in the country through its subsidiary Petrokimia Butadiene Indonesia (PBI), the company said in a statement.

New Gold Zone Found in Indonesia Sumatra

VIVAnews - G-Resources Group Limited claims that new gold mineralization zone is found in Martabe, South Tapanuli, North Sumatra. The Hong Kong-based gold company is on drilling examination at the spot.

Govt to prioritize Sunda strait bridge

Pekanbaru, Riau (ANTARA News) - The government will prioritize development of Sunda Strait bridge rather than the Malacca Strait, Coordinating Minister for Economy Hatta Rajasa said here on Tuesday.Hatta said the government wanted to construct the Sunda Strait bridge first in its effort to build...

Infrastructure Projects in Indonesia Thrown Open for Bids

Jakarta. In its continuing efforts to boost infrastructure development, the government is offering three projects on Java Island to foreign and domestic investors at a total combined investment value of around $4 billion.

Investors Consider Indonesia as Promising

VIVAnews - The National Economic Committee (KEN) releases an outlook on the 2010 Indonesian economy. The Indonesian government is seen as capable of stabilizing the economy despite the flat outcome. The committee stated that Indonesia has been an outstanding spot for investment after the global...

Legislator: Corruption eradication strategy ineffective

Jakarta (ANTARA News) - Corruption in Indonesia continues to be rampant because the corruption eradication strategy was ineffective and the government as well as law enforcers were often inconsistent, a legislator said.

Monorail needs three years to build

Tangerang, Banten (ANTARA News) - The South Tangerang city administration estimated that the construction of the Serpong-Bandara Soekarno Hatta monorail project may be completed in three year`s time."Three years for the building of the monorail project is quite long but flexible," head of...

Investors Disinterested in Pekanbaru Toll Road

TEMPO Interactive, Riau:The construction of a 135-kilometer-long toll road connecting Pekanbaru and Dumai has once again been delayed due to a lack of interest from investors, said Ramli Walid, Riau’s regional development planning agency chief.

Completion of Lombok Airport

TEMPO Interactive, Mataram:The Coordinating Economic Ministry has confirmed it will allocate an additional Rp76 billion to cover the completion of Lombok International Airport, Coordinating Economic Minister Hatta Rajasa told reporters in Mataram at the weekend.

Special Economic Zone by March 2011

TEMPO Interactive, DUMAI:Coordinating Economic Minister Hatta Rajasa said the government will designate areas to be made special economic zones by March next year. While he did not mention the areas in detail, Hatta confirmed that Riau was included on the list.