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.

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. Acting Head of the local Agriculture and Animal Husbandry Service Muhajirin said here Wednesday that Pulang Pisau had abundant cassava production which could be processed and produce 750,000 liters of bio-ethanol per day.

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. The 88-year-old tycoon is worth $12 billion, tripling his fortune from $4 billion last year, while Budi Hartono of clove cigarette-giant Djarum was pushed to second place with a net worth of $11.5 billion. Eka Tjipta claimed the No.

From: The Jakarta Globe International 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. “The Indonesian economy continues to grow and benefiting from this growth is increased business travel and tourism volumes,” Issenberg said.

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. Wood Mackenzie said the country, already the world’s top thermal coal exporter, would make up 39 percent of global increases in coal exports, with Australia coming in a close second, accounting for 36 percent of export growth.

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. "We are committed to build a cement factory in Grobogan and glassworks in Tangerang, to cooperate with local firms, with each investment being $350 million and $50 million," Bisnis Indonesia quoted Ma Mingliang, the head of the firm's cement division, as saying.

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 950,000 to 970,000 barrels a day in 2010. The estimates are also below BP Migas`s target of between 930,000 and 950,000 barrels a day.