The price of coal shipped from South Africa’s Richards Bay Coal Terminal, the continent’s largest export facility for the fuel, fell to the lowest in six weeks as buyers opted for Indonesian supplies. Prices fell 2.4 percent last week to an average $120.90 per metric ton, data from IHS McCloskey show. That is the lowest since the week ended April 1, though prices have risen 36 percent in the past 12 months.

TEMPO Interactive, Makassar:South Korea’s PEM Korea Co Ltd will build the first HDPE Polyclin pipe manufacturing plant in eastern Indonesia. The US$ 5-10 million plant will be located on a 5,000-square meter area in the Makassar Industrial Zone (Kima). PEM Korea will partner with the Indonesian company, PT Bahana Cipta. The plant will be designed with five environmentally friendly pipe making devices. “We will build the first stage of the plant by June at the earliest.

TEMPO Interactive, Makassar:German Ambassador Norbert Bass says he will work to develop the agro-industry in South Sulawesi. A modernization team will be formed to provide consultation on equipment, experts and trade. “There are many Germans here who can support agro-business economic development," said Norbert after meeting with South Sulawesi Governor Syahrul Yasin Limpo in Makassar on Monday.

7 Day Exploration of Bali’s Textiles and Handicrafts MTA Travel offers September 10-17, 2011 Escorted Tour with Narelle Grudgfield Exploring Bali Handicrafts, Textiles and Culinary Traditions. Narelle Grudgfield of MTA Travel in Queensland has organized an exciting 7 night tour program focusing on Bali handicrafts and textiles commencing in Bali on September 10, 2011.

By Esther Samboh The Indonesian and South Korean governments and businesses will meet in Bali on Wednesday (today) to follow up on billions of dollars of investment commitments to accelerate economic expansion in both countries. The joint task force consisting of ministers and businesspeople from both countries were scheduled to hold a meeting at the Westin Resort in Nusa Dua, Bali, to accelerate realization of the planned US$20 billion South Korean investment in Indonesia.

From: The Jakarta Globe By Suryani Omar Investors in Malaysia and Indonesia say they favor sovereign sukuk over a planned dollar issue by the Islamic Development Bank after government securities returned almost twice as much as the multilateral lender’s this year. IDB’s 1.775 percent Shariah-compliant debt due October 2015 gained 1.1 percent.

From: The Jakarta Globe By Ririn Radiawati Kusuma Upstream oil and gas regulator BPMigas plans to summon the country’s oil companies to seek an explanation on their failure to meet oil production targets this year, a top executive said. “BPMigas will call the oil producers that failed to meet their production targets due to unplanned shutdowns,” BPMigas chairman Raden Priyono said over the weekend.

TEMPO Interactive, Kudus:Tofu and soybean curd producers in Kudus still rely on imported soybean for their raw materials. However, imported soybean prices have risen higher than local soybean prices. Imported soybean is now sold at 5,700 per kilogram, or Rp100 per kg higher than local products. The price shift has made profits in the tofu-soybean curd business uncertain, Kudus Tofu-Soybean Curd Cooperatives manager, Amar Ma'ruf, told Tempo yesterday.

TEMPO Interactive, Malang:State water supplier Jasa Tirta I plans to maximize the company’s potential to increase its revenue. The Brantas River manager has prepared Rp37.6 billion to invest in electricity and a potable water system, including a solar-generated power plant, Lodagung 1, worth Rp4 billion, and water-generated power plant Lodoyo, valued at Rp8.2 billion.

Solo, Central Java (ANTARA News) - The government has temporarily stopped allowing foreign investors to develop new oil palm plantations so as to give opportunities to local businessmen, Forestry Minister Zulkifli Hasan said.

Bapepam-LK issues permit to Mega Capital Investama as investment manager Jakarta (ANTARA) - The Capital Market and Financial Institutions Supervisory Board (Bapepam-LK) has issued a business permit to PT Mega Capital Investama as an investment manager. The permit was issued under Bapepam-LK chief`s decision No. KEP-03/BL/MI/2011, a copy of which was made available on Monday.

Cirebon, West Java (ANTARA News) - Electronics manufacturer PT LG Electronics Indonesia has opened a new branch in Cirebon, West Java, to serve customers in Java`s northern coastal areas between Cirebon and Tegal. The branch would help ensure smooth distribution of goods to areas stretching from Pamanukan in West Java to Pemalang in Central Java, PT.LG Electronics Indonesia chief finance officer Brad Mid said on Monday.

Jambi (ANTARA News) - The Jambi provincial government got a production share of Rp55 billion in the exploitation of coal potentials in the province in 2010, a local government official said. "The Rp55 billion value constitutes a share the Jambi province should receive based on Law No. 33 / 2004," Head of Jambi`s Energy and Mineral Resource Service Iramansyah Rahman said here on Tuesday.

Surabaya, East Java (ANTARA News) - An Indian information technology business company is interested in making an investment in Surabaya known to have a big potential in this field. "The major Indian company whom we have invited to come here today is very interested in capital investment in Surabaya," Indonesian ambassador to India Andi M Ghalib said here Tuesday.

Makassar, South Sulawesi (ANTARA News) - South Korea`s PEM Korea Co.Ltd plans to build a polyethylene pipe plant on two hectares of land at Makassar industrial estate in June. PEM Korea Co. Ltd. President Director Jin Hwan Ho signed a cooperation agreement for the construction of the plant with South Sulawesi Governor Syahrul Yasin Limpo at the gubernatorial residence here on Monday.