Indonesian Political, Business & Finance News

Archive: 1 June 2011

7 articles found

Indian investor to build railroad track in S Sumatra

Palembang, S Sumatra (ANTARA News) - An Indian investment company has signed a cooperation agreement with the South Sumatra provincial administration for building a 270 kilometers railroad from Tanjung Enim to Lampung.

Investors eyeing bio-ethanol potentials in C Kalimantan

Pulang Pisau, C Kalimantan (ANTARA News) - Investors have begun to eye the cassava potentials of Pulang Pisau district of Central Kalimantan province, which could be processed into bio-ethanol energy, a regional official said.

Palm Oil King Tops Indonesian Rich-List With $12b Fortune

By S.K. Zainuddin Plantation king Eka Tjipta Widjaja, the patriarch of the Sinar Mas Group, has replaced Budi Hartono as the richest man in the country, according to Globe Asia’s 2011 150 Richest Indonesians list.

Accor Indonesia Announces Further Expansion Plans

From: The Jakarta GlobeInternational accommodation chain Accor says it is committed to opening 21 new hotels in Indonesia.Michael Issenberg, chief operating officer of Accor Asia Pacific, told a news conference on Tuesday that it was targeting business travelers and the growing middle-class.

Indonesia to Lead Coal Export Growth Through 2020

Indonesia will lead global growth in thermal coal exports in the next decade with producers Bumi Resources and Adaro Energy becoming two of the top three coal exporting companies worldwide by 2015, an energy consultancy firm said on Tuesday.

China's CNBM to invest $400 mln in cement, glass in Indonesia-paper

JAKARTA, June 1 (Reuters) - China National Building Material Co Ltd (CNBM) plans to invest $400 million to build a cement factory and glassworks in the next two years in Indonesia's main Java island, a newspaper reported on Wednesday.

RI`s 2012 oil production estimated at only 882,140 bpd

Jakarta (ANTARA News) - Indonesia`s crude oil and condensate production in 2012 is estimated to reach only 882,140 barrels per day (bpd), according to data from BP Migas received here on Tuesday.The production estimates from contractors until May 30, 2011 are far below the government`s target of...