Indonesian Political, Business & Finance News

Archive: 25 April 2010

3 articles found

Cellsafe to expand biotech activities in Indonesia

Kuala Lumpur (ANTARA News/Bernama) - Cellsafe International Group, a regional stem cell biotechnology company, is to expand its biotechnology business and research and development activities in Indonesia following a strategic partnership with PT Kimia Farma TBK (Kimia Farma). Cellsafe, through its subsidiary, PT Cellsafe International, Friday signed a memorandum of understanding (MoU) with Kimia Farma, a leading integrated healthcare services companies in Indonesia.

BKPM approves 20 foreign investment projects in Batam

Batam (ANTARA News) - The Capital Investment Coordinating Board (BKPM) has approved in the first quarter this year 20 new foreign investment projects worth US$16.9 million in Batam, Riau Islands province. The projects come from Singapore, Malaysia, Taiwan, Australia, Norway, South Korea and the Netherlands, head of marketing and public relations of BP Batam, Rustam H Hutapea, said here on Saturday. Their businesses include ship building/repair, restaurant, recreation and trading.

The labor unrest in Batam

Seen from the speed in which the riot spread, there should have been more than a mere racist remark made by an Indian supervisor that triggered the labor unrest at one of the three shipyards of PT Drydocks World Graha on Batam Island, near Singapore, on Thursday morning. The racist insult yelled by the Indian manager at Indonesian dockyard workers should have only been the tipping point, the last straw in what local laborers complained was discriminative treatment by the company’s management.