Indonesian Political, Business & Finance News

Archive: 24 January 2011

12 articles found

Indonesia Jakarta Sees High Unemployment Rate

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.

Mitsubishi decides on $2.8 billion Indonesia LNG project

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).

India Invests US$ 15 Billion

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.

JICA Assists Local Industry

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...

Indonesia a Top Destination for Foreign Investors

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.

INCO Asked to Leave South Sulawesi

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.

Indonesia to develop Bali port to cope with int'l standard

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...

Indonesian president departs for India visit

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.

W Nusa Tenggara needs Rp45 tln in investment

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.

Investment in 2010 sharply Increases 54.2 pct

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.

RI aims to lure Rp240 tln investment this year

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.

President`s Indian Trip to Enhance Investment

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...