Indonesian Political, Business & Finance News

Archive: 9 December 2010

4 articles found

Nestle Indonesia to Invest $100 Million to Make Milo, Cerelac

Dec. 9 (Bloomberg) -- Nestle SA, the world’s largest food company, will invest $100 million in Indonesia to make Milo chocolate-flavored products and Cerelac weaning formula as purchasing power grows in Southeast Asia’s biggest economy.

Industry Chiefs Lament Infrastructure Shortfall

Even though the country’s manufacturers are expected to nearly double their growth this year, the business community remains critical of infrastructure problems that are increasing production costs and creating bottlenecks.

Lack of Data Discourages Investment in Indonesian Oil, Gas Projects

A lack of information is stymieing the Indonesian government's plans to auction off oil and gas fields, a senior official of the energy and mineral resources ministry said.Only three of 14 fields offered by the government this year had attracted investors, oil and gas director general Evita...

Indonesia to remain attractive destination of global funds: expert

JAKARTA, Dec. 9 (Xinhua) -- Securities analyst said Indonesia will remain one of the world's most attractive destinations for global portfolio investment thanks to the country's healthy economic growth, the local daily Jakarta Post reported Thursday.