Despite Targeting 2.8 Million Tourists for 2011, Bali Has No Need for More Accommodation. Bali is targeting total foreign tourist arrivals of between 2.6 – 2.8 million for 2011.

Badung Regency Resisting Governor's Order to Halt New Hotel Investments and Demolish Illegal Buildings in South Bali. Holding true to his pledge to push on with full implementation of Bali's new zoning law (RTRW) [See: Legal Challenge to Bali's New Zoning Law Fails], governor Made Mangku Pastika has dispatched three letters that are now causing some concern for the Badung regional government which controls much of the island's south. The three letters in question are: • Letter No.

JAKARTA Feb 7 (Reuters) - Singapore's Wilmar , the world's largest listed palm oil firm, will invest $900 million to build factories in Indonesia to produce palm oil products, an Indonesian government minister said on Monday. "Wilmar will build six factories of CPO (crude palm oil) end products such as soap and margarine. The company will start to build in the first quarter this year,' said Minister of Industry M.S Hidayat. Wilmar was unavailable for comment.

TEMPO Interactive, Jakarta:An illegal ship belonging to a contractor hired by PT Chevron Pacific Indonesia, has been asked to immediately leave Indonesian waters. According to sea transportation director-general Sunaryo, the ship has been operating without proper documents. From 11 foreign ships at the oil and gas company found with fake documents last October, only two ships, SS1 and FF1 are still operating on Chevron’s field.

Jakarta (ANTARA News) - The economic conditions of businesses and consumers had improved in the fourth quarter of 2010 marked by the increase of the Business Tendency Index (ITB) and Consumers` Tendency Index (ITK), Rusman Heriawan said here on Monday.

Jakarta (ANTARA News) - Publicly-listed cement maker PT Semen Gresik Tbk plans to set aside Rp6.3 trillion (US$700 million) in funds until 2015 to expand its business. "The funds will be needed to increase annual production capacity to 30.5 million tons in 2015 from 20 million tons in 2011," PT Semen Gresik President Director Dwi Sutjipto said following a working meeting with the House of Representatives (DPR) Commission VI at the parliament building here on Monday.

Jakarta (ANTARA News) - Finance Minister Agus Martowardojo said the country`s economic growth at 6.1 percent in 2010 pleased the government as it had exceeded the 5.8 percent assumed in the state budget. "We hail the outcome. Indeed we had hoped it would surpass six percent and it did, and even reached 6.1 percent. This means that the outcome was higher then the targeted 5.8 percent," the minister said here on Monday.

Financial markets and industry players welcomed the news of better-than-expected economic growth, but they were split on whether 2011 would beat last year’s achievement. Gross domestic product rose 6.9 percent in the fourth quarter from a year earlier, the Central Bureau of Statistics (BPS) announced on Monday, well above even the most optimistic forecasts. GDP growth for 2010 came in at 6.1 percent, also above most forecasts. “The GDP announcement was not a surprise.

The government hopes improving infrastructure and developing science and technology under a new master plan for economic development will help Indonesia become one of the world’s top 10 economies by 2030. Six economic corridors make up the crux of the plan, which details a set of government priorities for the next 15 years. It is designed to push per capita income to between $12,855 and $16,180 by 2025 and to $26,000 by 2030.