VIVAnews - Transmigration and Manpower Agency of Jakarta was negative about the targeted decrease of employment rate in the Indonesian capital. The budget only allocates Rp12 billion, lower than the 2011 State Budget of Rp38 billion. Chief of Transmigration and Manpower Agency of Jakarta, Dedet Sukandar, was upset over the minimizing of the agency's main programs. "Such activities as Job Fair and employment exhibition may help the city employ new workers," said Dedet in Jakarta today, Jan 20.

TOKYO (Reuters) - Mitsubishi Corp (8058.T) said on Monday it will invest in a liquefied gas development project worth $2.8 billion in Indonesia via a joint venture with companies including Korea Gas Corp (KOGAS) (036460.KS). Mitsubishi, Japan's biggest trading house, is looking to expand its investment in resources and growth projects in emerging economies to drive profits, and has led the LNG project, Indonesia's fourth, from the beginning.

TEMPO Interactive, Jakarta:President Susilo Bambang Yudhoyono’s visit to India on an economic cooperation mission next week is believed to facilitate India’s investment plan in Indonesia worth US$ 15 billion. Coordinating Economic Minister Hatta Rajasa said the 15 MoUs that will be signed with several Indian companies mostly cover infrastructure development projects. One of the projects that will be discussed is a coal railway development project in South Sumatra valued at US$2 billion.

TEMPO Interactive, MAKASSAR:The South Sulawesi government is cooperating with the Japan International Cooperation Agency (JICA) to develop the passion fruit, cocoa, silk and marble industries. “The evaluation result of JICA’s part time work in South Sulawesi showed there are many commodities that can be developed and exported,” said JICA Makassar Representative chief, Kazuo Nakagawa, at the South Sulawesi governor’s home yesterday.

TEMPO Interactive, Jakarta:The president director of PT CIMB Securities Indonesia Bernard Thien, says that Indonesia is now a favorite destination for foreign investors. Investment returns over the past five years have made Indonesia a popular choice for investors, he said. However, Bernard estimated that Indonesia would still be haunted by inflation due to rising food and oil prices.

TEMPO Interactive, Jakarta:Southeast Sulawesi Governor Nur Alam has asked PT International Nickel Indonesia to cease operating in the province due to negligent practices, while new investors are already queuing to replace the nickel miner. “INCO should leave the site,” Nur said at the presidential office yesterday. During its 43-year contract, he said, INCO should have built a nickel processing factory but no such plant has been built.

JAKARTA, Jan. 24 (Xinhua) -- Indonesia's state-owned port company Pelindo III will develop Bali provincial port of Benoa to cope with international standard, a top executive said here on Monday. Jarwo Suryanto, president director of Pelindo III, told a parliamentary hearing that in 2010, as many as 53 foreign cruise liners arrived in Bali where half of them entered through Benoa port.

JAKARTA, Jan. 24 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Monday departed to India for a working visit, planning to sign over 30 investment deals valued at over 15 billion U.S. dollars, local media reported. President Yudhoyono would be chief guest at the celebration of India Republic Day on Jan.

Mataram, W Nusa Tenggara (ANTARA News) - West Nusa Tenggara province needs Rp45 trillion in investment to achieve an economic growth rate of 6-7 percent in 2014, an official said. "This means that we need at least Rp9 trillion in investment a year," H.M. Nur Asikin Amin, second assistant to the provincial government`s secretary, said here on Friday night.

Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) recorded the domestic (PMDN) and foreign (PMA) investments in Indonesia in 2010 increased 54.2 percent from Rp135.2 trillion in 2009 to Rp208.5 trillion, its chief said. "The increase in the investment figure indicates a good investment development. This also indicates improving investment climate and services and show that the investment polices have turned good yields," BKPM Chief Gita Wirjawan said here on Sunday.

Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has set a target of luring Rp240 trillion of investment this year, up 15 percent of the realized investment of Rp208.5 trillion last year. "We will achieve the 2011 investment target by improving policies related to investment, providing better services, granting fiscal facilities, and accelerating the development of infrastructure projects," BKPM Chief Gita Wirjawan said on Sunday.

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono`s two-day working trip to India is expected to enhance economic cooperation between the two countries in the field of trade and investment. "The visit to India is intended to step up bilateral cooperation between the two countries in the field of trade and investment," President Yudhoyono said in a press statement at Halim Perdanakusuma airport before leaving for India on Monday.