TOKYO (MarketWatch) -- Moody's Investors Service said Monday it upgraded Indonesian government's foreign- and local-currency bond ratings to Ba1, from Ba2, with stable outlook. Moody's said in a statement that its main reasons for the move were the country's economic resilience, accompanied by sustained macroeconomic balance; improvement in the government's debt position and the central bank's foreign-currency reserve adequacy; and improving prospects for foreign direct investment inflows.

Indonesian farmer Ujang Majudin pointed to rows of rotting chilli peppers, tomatoes and egg plants as clouds gathered again over his fields, already water-logged by incessant rain. With sharply declining yields and revenue, he faces the toughest season since taking over the family farm 15 years ago. “If the situation doesn’t get better, I have no choice but to lay people off if I am going to survive,” he said.

TEMPO Interactive, Jakarta:The Communication and Information Ministry will demand a written commitment from Research In Motion (RIM), the service provider for Blackberry in a meeting scheduled for January 17. “There must be a legal product, in the form of a letter or something else,” said the Ministry spokesperson, Gatot Dewa Broto, yesterday. He said that a written commitment was conveyed by RIM when they built a Blackberry service center in Sunter, North Jakarta, in 2009.

Denpasar, Bali (ANTARA News) - Bali exported a total of 402.2 tons of fish estimated at 1.82 million US dollars in the eleven months in the January-November 2010 period, in volume it was a 34.93 percent increase, and terms of value it is a 83.49 percent increase from last year`s corresponding period.

Jakarta (ANTARA News) - Dahlan Iskan, president director of state electricity company PT PLN, has accused Indonesian industrialists of being spoiled and not using their common sense in rejecting the new basic electricity tariff for industry. "They just want to keep their own industries alive and leave the electricity industry in distress. They keep on wanting to be pampered and lulled to sleep by lullabies," Iskan said in a press release issued by PLN on Saturday.

Sawang, Aceh (ANTARA News) - State Enterprises Minister Mustafa Abubakar said palm oil and rubber commodities are promising and therefore he called on banks not to hesitate to extend credit for palm oil and rubber plantation development. "Banks must not hesitate to extend as much credit as possible for development of commodity plantations," he said on the sidelines of the launching of rubber and palm oil plantations in Sawang, North Aceh, here on Saturday.

Denpasar, Bali (ANTARA News) - Bali province`s ornamental fish exports in the January-November 2010 period rose 9.99 percent to US$1.02 million from the same period the year before. "The ornamental fish exports fell 0.22 percent by volume compared to the same period in the previous year when 785,202 heads of ornamental fish were shipped," Head of the Bali Provincial Maritime Affairs and Fisheries Office Gusti Putu Nuriatha said here on Sunday.