By Rangga D. Fadillah Oil and gas company Elnusa and France-based seismic service provider CGGVeritas have teamed up to operate the first Indonesian-flagged seismic vessel to support oil and gas exploration in Indonesia and the Asia Pacific area. Elnusa president director Suharyanto said the vessel would begin operating at the end of the second quarter of this year and was expected to generate US$55 million in total revenue by the end of 2012.

The Netherlands has recently decided that from 2015 it will be committed to only using sustainable palm oil, a step that has significantly boosted the standing of the Roundtable on Sustainable Palm Oil (RSPO). At this stage The Netherlands is the only European country to have made such a commitment, but later it could snowball as other US and European companies have thrown their weight behind it and are likely to also adopt such steps.

Bogor, West Java (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia will need more than US$200 billion in investment until 2025 to accelerate and expand economic development in Southeast Asia`s largest economy.

Indonesia expects to become the world’s 12th-largest economy by 2025 through stimulating domestic growth with its planned economic corridor scheme and programs to improve regional connectivity. A document from the Coordinating Ministry for the Economy obtained by the Berita Satu Media Group on Monday showed that the government has targeted boosting gross domestic product to between $3.8 trillion and $4.5 trillion in 2025 from $700 billion in 2010, when the country was the 17th-largest economy.

SBY Urges Investors to Match Indonesia’s Development Spending From: The Jakarta Globe By Camelia Pasandaran Bogor, West Java. President Susilo Bambang Yudhoyono has called on investors and businessmen to deliver on their commitments to participate in Indonesia’s development while the government works to improve the investment climate. “Give our people a real check,” Yudhoyono said before opening talks between the government and business figures at the Bogor State Palace.