Indonesian Political, Business & Finance News

Archive: 28 September 2010

3 articles found

Infrastructure Developments Sets Its Sights on Indonesia and East Timor

HERNDON, VA, Sep 27, 2010 (MARKETWIRE via COMTEX) -- Infrastructure Developments Corp. announced today that its subsidiary, Intelspec LLC (Thailand), is expanding its presence in Indonesia and East Timor. The Company has bid on various projects in the area, and is planning to set up a permanent physical presence in Indonesia as it wins project awards.

Indonesian Agency Accuses Pfizer of Monopoly Breach

JAKARTA - Indonesia's antitrust agency, KPPU, said Tuesday it has found U.S.-based Pfizer Inc., four of its units and a local firm guilty of breaching monopoly regulations on their anti-hypertensive products. Pfizer, its units and local firm PT Dexa Medica used their dominant market position for anti-hypertensive products to overcharge consumers, the KPPU said.

China’s steel company to relocate production plant to Indonesia

China’s state-owned steel company Guo Feng Iron Steel plans to relocate in the near future its production plant in Tang Shan, China, to Indonesia with a total investment of US$1 billion, a government official said on Monday evening.