Indonesian Political, Business & Finance News

Archive: 26 January 2011

8 articles found

BKPM employees rebel, dump on Gita Wiryawan

Nice one. About time the people stood up for themselves and forced out the corrupt and greedy management.Let's hope this sort of letter actually provokes a response for the good.

BKPM employees rebel, dump on Gita Wiryawan

Bersama surat ini, kami karyawan Badan Koordinasi Penanaman Modal (BKPM) menyampaikan keprihatinan kami atas kondisi lembaga tempat kami berkarya yang saat ini semakin tidak kondusif. Ketidakjelasan arah dan prioritas kerja, sistem penilaian kinerja serta kepemimpinan Bapak Gita Wiryawan yang tidak...

Indian, Indonesian business chambers sign 16 MOUs

Business chambers of India and Indonesia on Wednesday signed 16 memoranda of understanding on the sidelines of a three-day state visit to India by Indonesian President Susilo Bambang Yudhoyono.The agreements signed included bilateral cooperation in urea manfacturing; development of an industrial...

Indian Billionaires Lead $15 Billion Push to Expand in Indonesia

New Delhi. Indian companies led by billionaires Gautam Adani and G.V. Krishna Reddy signed accords worth $15 billion for projects including airports, steel plants, ports and railroads in Indonesia.A GVK Power and Infrastructure Ltd.

Indonesia's Slide Into Corruption

Sometimes graft is a grease that allows a badly regulated economy to run. Yet complacency about corruption is always ill-advised, as it can all too easily drive out legitimate business and destroy the trust that holds society together.

Newmont Sues Indonesia’s Merukh Over $300 Million Loan Breach

Jan. 26 (Bloomberg) -- Two units of Newmont Mining Corp., the world’s second-largest gold producer, are suing its Indonesian partner and businessman Jusuf Merukh in Singapore for reneging on the terms tied to a $300 million loan agreement.Newmont Indonesia Ltd. and NVL (USA) Ltd.

Optimism for 2011 Investment Target

TEMPO Interactive, Jakarta:Businessmen are optimistic this year’s investment target can be achieved. “I think the real and non-real investment target of Rp240 trillion can be achieved in 2011,” Djimanto, the Indonesian Businessmen Association (Apindo) chairman, told Tempo yesterday, adding...

RI offers Indian companies nine areas of investment

New Delhi (ANTARA News) - Indonesia on Tuesday offered Indian companies nine areas of investment expected to benefit both countries.Visiting Indonesian President Susilo Bambang Yudhoyono made the offer at a business forum attended by some 500 Indian businessmen grouped in the Associated Chambers of...