Jakarta. South Korea’s biggest tire producer Hankook Tire plans to invest 1.2 billion dollars to build a manufacturing plant in Indonesia, a report said Thursday. The Seoul-based company aims to start construction at the end of the year and produce 15 million tyres annually, Indonesia Investment Coordinating Board chief Gita Wirjawan was quoted as saying by Bisnis Indonesia newspaper. “They’ve informed us that they will likely choose Indonesia,” Wirjawan said.

Jakarta. With a little help from seasonal spending around the Idul Fitri holiday, nationwide retail sales were expected to surge by about 18 percent this year, the Association of Indonesian Retailers said on Monday.

Jakarta (ANTARA News) - The government is speeding up the construction of the railroad track between Tanjung Priok port and Cikarang Dry Port integrated customs area (KPPT) to smoothen the dispatch of goods, and raise productivity and industrial capacity. "Many parts of the railroad track had to be built and improved to support the project.

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono on Monday received a Turkish delegation who came to confirm their country`s commitment to form infrastructure fund with Indonesia. At the meeting with the delegation led by Turkish Ambassador to Indonesia Aydin Evirgen, the President expressed support for the formation of the infrastructure fund, Chairman of the Investment Coordinating Board (BKPM) Gita Wirjawan who also attended the meeting said.

Denpasar, Bali (ANTARA News) - Bali`s foreign trade of goods, handicrafts and non-oil and gas to China including Hong Kong in early 2010 was a deficit about 1 million US dollars. The head of Bank Indonesia Denpasar chapter Jeffrey Kairupan said in the Bali regional economic report on Monday that the purchase of goods from China reached 18.4 million US dollars in the January-May 2010 period.

From Viva Air Asia Eyeing Halim Airport VIVAnews - The Ministry of State-owned Enterprises (SOEs) acknowledged that Malaysia-based airline Air Asia states its interest to patch up an airport in Indonesia. One of the targets is Halim Perdanakusumah Airport. "They want to manage an airport, and the name Halim is out," said SOEs State Minister Mustafa Abubakar in Jakarta, August 31.

Jakarta (ANTARA News) - The government is planning to invite a number of foreign investors to manage service facilities at Jakarta city`s Soekarno-Hatta airport, a minister said. "We will invite interested investors to serve as partners to manage the airport," State Enterprises Minister Mustafa Abubakar said here on Monday. The plan to improve the management of the airport was related to the master strategy of state airport operator to improve airport services, he said.

Seoul (ANTARA News/Yonhap/OANA) - CJ CheilJedang Corp., South Korea`s biggest food company, said Monday that it will spend US$300 million to build a lysine plant in the eastern part of the island of Java, Indonesia. Earlier in the day, CJ CheilJedang broke ground on the plant in Jombang. When completed in 2012, it will produce 100,000 tons of lysine and 50,000 tons of threonine a year, the company said in a statement. Lysine and threonine are essential amino acids for animal feed.