Jakarta (ANTARA News) - State-owned PT Pelabuhan Indonesia (Pelindo) II plans to set up a consortium to build West Pacific Port in Sorong in the eastern province of Papua with an investment of around Rp1 trillion. "To realize the development project we will invite commerce shipping companies," the company`s president director, RJ Lino, said here on Tuesday. He said five companies that would be involved in the project are PT Samudera Indonesia Tbk., P Tempuran Emas Tbk.

Cilegon (ANTARA News) - State-owned steel manufacturer PT Krakatau Steel (KS) has again invested trillions of rupiah after establishing a joint venture with a Korean steel plant, Posco. "Besides developing and revitalizing the Krakatau-Posco enterprise, we are also building a 1.2 million TPY blast furnace with an investment of Rp5.92 trillion," President Director of PT KS Fazwar Bujang said Tuesday.