Indonesian Political, Business & Finance News

Archive: 2 March 2010

4 articles found

Indonesia, Vietnam agree to strengthen business ties

Indonesian and Vietnamese businessmen have pledged to help each other in promoting trade and investment opportunities in the two countries, both members of the Association of Southeast Asian Nations (ASEAN). The commitment is set out in an MoU signed by the Indonesian Chamber of Commerce and Industry (Kadin) and its Vietnamese counterpart in Jakarta on Monday.

FACTBOX-Key political risks to watch in Indonesia

Currencies JAKARTA, March 2 (Reuters) - Strong growth and political stability made Indonesia Southeast Asia's most attractive investment destination last year, but the outlook is threatened by a struggle between reformers and powerful vested interests. The outcome could well hit markets, erasing gains notched up since the 2008 crisis. Stocks have surged 134 percent from the index .JKSE low on Oct.

Indonesia’s Potential Geothermal Energy Equivalent to 19 Billion Barrels of Oil

TEMPO Interactive, Bengkulu:The potential of Indonesia’s geothermal energy is 27,710 megawatts (MW) or equivalent to 19 billion barrels of oil. The capacity presently installed is only 4.3 percent or 1,189 MW out of the 2025 geothermal energy development target which was set at 9,500 MW.

Enough is Enough in Karangasem

Bali Lawmaker in Karangasem Claims Hotel and Restaurant Sector is Overbuilt. (3/1/2010) A member of the local House of Representatives in Karangasem (DPRD-Karangasem), Nyoman Sadra, told the Bali Post that the hotel and restaurant sector in Karangasem is over-saturated and new developments should not be allowed. To support his case, Sadra pointed to the many bankrupt tourism enterprises in Candidasa and Tulamben.