The Indonesia Open golf tournament will be tourism window of the nation as it will be covered by several big media, officials said here on Monday.Sudrajat, secretary general of the Indonesian Golf Association, told a press conference that the tournament will be one of the biggest attraction to foreign tourists."The Indonesia Open will be tourism window of the nation. With total prize of 1 million U.S. dollars, no other sport could compete with it.

JAKARTA (Reuters) - Procter & Gamble Co (P&G) (PG.N) will invest $100 million in the oleochemical sector in Indonesia, the country's industry minister MS Hidayat said on Monday. "P&G is anticipating the need for 200,000 tonnes of fatty alcohol in the coming ten years from Indonesia," Hidayat said following a meeting with P&G officials at his office. "To meet the need they are preparing at least $100 million to set up a joint venture with the local partner in the sector," Hidayat added.

TEMPO Interactive, Jakarta:Defense Minister Purnomo Yusgiantoro said the Malaysian defense industry’s offer to cooperate would be adjusted to local demand. The ASEAN defense ministers’ meeting last week agreed upon defense industry cooperation between ASEAN countries. The proposal was initiated by Malaysia and was agreed upon by ASEAN nations. Malaysian Defense Minister Datuk Seri Ahmad Zahid bin Hamidi said the cooperation could begin with Indonesia and Malaysia.

From: The Jakarta Post By Rangga D. Fadillah A lack of reliable data on potential reserves is a major reason why Indonesia’s oil and gas blocks are not appealing to investors, a senior official says. The director general of oil and gas at the Energy and Mineral Resources Ministry, Evita Herawati Legowo, announced on Friday that out of 17 blocks offered in 2010, only three were auctioned off.

Palm Oil Industry Demands More Govt Aid as Prices Rise From: The Jakarta Globe Medan. Although it continues to fluctuate, the average price of palm oil this year will remain higher than last year as it moves toward $900 per metric ton, an industry association says. Derom Bangun, vice chairman of the Indonesian Palm Oil Board (DMSI), said here on Saturday that “the price is calculated on market demand, which remains high.” The average price of CPO last year was $480 per metric ton.

Jakarta (ANTARA News) - Indonesia is exploring the possibility of expanding its export markets in European countries through Serbia, a country located on the crossroads between Central and Southeast Europe. Serbia has great potential to become an entry gate to reach more markets in Europe because of its strategic location and primary land and water distribution lines, Deputy Trade Minister Mahendra Siregar said here on Friday.