Indonesian Political, Business & Finance News

Archive: 7 December 2010

7 articles found

RI's oil, gas fields unappealing

A lack of information is stymieing government plans to auction off oil and gas fields, a senior official says.Only three of 14 fields offered by the government this year attracted investors, Evita Herawati Legowo, the Energy and Mineral Resources Ministry’s oil and gas director general, said on...

Shaping the future of the palm oil industry

The pros and cons regarding the role of the Roundtable on Sustainable Palm Oil (RSPO) have been discussed in an on and off manner since the group’s inception. Similar debate arose ahead of its recent eighth meeting in Jakarta from Nov.

President inaugurates shrimp breeding center

President Susilo Bambang Yudhoyono on Monday inaugurated the world's biggest shrimp breeding center (broodstock) located in Bugbug village in Karangasem regency, Bali.The broodstock, having a production capacity of 675,000 shrimps per year, is expected to improve the country's competitiveness in...

Increased Planting May Boost Indonesian Palm Oil Production by 8.5% in 2011

Indonesia’s palm oil output may grow by 1.8 million metric tons to 22.8 million tons in 2011 because of increased planting, Indonesian Palm Oil Board vice chairman Derom Bangun said in on Friday.“World demand will be more than 2 million tons, maybe 3 million tons,” Bangun said in Bali.

Foreign Ownership Restrictions Should Not Be Applied

VIVAnews - The Indonesia Stock Exchange (IDX) authorities claimed foreign ownership in the domestic market has yet to change much within the last three years. Given the percentage of between 66 and 67 percent, foreign ownership still dominates the stock floor.

RI to need 1,000 appraisers by 2015

Bekasi, W Java (ANTARA News) - The Indonesian Appraisal Society (MAPPI) said Indonesia will need an estimated 1,000 certified appraisers in 2015 to support national economic growth."Right now we only have 330 certified appraisers," MAPPI General Secretary Robinson Tampubolon said on the...

RI tourism to emphasize eco-cultural attractions in 2011

Jakarta (ANTARA News) - Indonesia`s tourism is to be promoted in 2011 with emphazis on the country`s eco-cultural attractions in the hope it will draw 7.3 - 7.6 million foreign visitors, a tourism ministry spokesperson said.