Indonesian Political, Business & Finance News

Archive: 25 May 2010

10 articles found

Accor to open 16 new hotels in Indonesia by 2012

International hotel operator Accor plans to open 16 new hotels across Indonesia by 2012 to support its expansion plan in the country’s growing hotel industry, says an executive of the hotel chain.Accor chairman and CEO for the Asia Pacific, Michael Issenberg, said in Jakarta on Monday that one of...

Indonesia's FDI Won’t be Slowed by Euro Debt Crisis: BKPM

The European debt crisis is unlikely to stall the recent acceleration in foreign direct investment in Indonesia, the chairman of the Investment Coordinating Board chairman said on Monday.Gita Wirjawan said he remained upbeat Indonesia could sustain healthy growth in FDI during the second quarter,...

Panasonic Prepares US$100 Mn for Factories

VIVAnews - PT Panasonic Global Energy Indonesia will invest US$100 million to improve the factory's capacity this year.According to Chief Commissioner of Panasonic Gobel Indonesia, Rachmat Gobel, the fund will be used to expand with refrigerator, television, battery, and washing machine factories.

President calls for continuous attention to food resilience

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono has called for continuous national attention to food resilience despite the country`s success in achieving self-sufficiency in a number of prime food commodities.

Sasol expected to invest in RI after Sept

Jakarta (ANTARA News) - South Africa`s minning company Sasol is expected to decide whether or not to invest US$10 billion in Indonesia after it has completed a feasibility study in September, an official said."The company is expected to complete its feasibility study in September 2010.

China, HK investments in Indonesia up after ACFTA`s signing

Jakarta (ANTARA News) - Capital Investment Coordinating Board (BKPM) Chief Gita Wirjawan said Chinese and Hong Kong investments in Indonesia increased during the 2003-2009 period or after the signing of the ASEAN-China Free Trade Agreement (ACFTA).

Indonesia to go ahead with free trade deal with India

JAKARTA, May 24 (Xinhua) -- Indonesian government will go ahead with the implementation of another free trade agreement with India despite strong opposition from local industries, the Jakarta Post quoted a minister as saying on Monday.

Indonesia Rising: What a Difference a Decade Makes

Singapore. Indonesia is the big winner as Southeast Asia’s investment landscape is transformed, with politics driving the tectonic shifts in market perceptions.Thailand, the archetypal Asian tiger long a favored destination for global conglomerates and emerging markets investors, is increasingly...

Kalimantan Coal Rail Project Runs Into Cost Delay

A $1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of the integrated project uncovered an estimated $700 million in additional costs, a senior national planning official said on Monday.

Bumper Year Predicted for Indonesian Coal

Reva Sasistiya & BloombergThe country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as producers look to take advantage of higher prices, the Indonesian Coal Producers Association said on Monday.