Indonesian Political, Business & Finance News

Archive: 22 May 2012

2 articles found

Russian investor to build rail roads in Kalimantan

Samarinda, East Kalimantan (ANTARA News) - A Russian investor will soon build a 160-kilometer long rail road worth US$2.5 billion in East Kalimantan, governor Awang Faroek Ishak said, "The new rail road will later connect with that in Central Kalimantan measuring 90 kilometers long to make the total rail road to be built by Kalimantan Rail to 250 kilometers long," he said here on Tuesday.

S Korean investor to build factory in Pasaman Barat

Simpang Ampek, S Sumatra (ANTARA News) - Korean investors will soon build an oil plant waste processing plant to produce bio energy in Pasaman Barat regency, West Sumatra. Pasaman Barat Regent Baharuddin R said the plant belongs to the Korea Electric Power Industrial Development Group (KEPID Group) of four big companies in Korea, namely Korea District Heading Corp (KDHC), Korea Oduthevn Power (KOPO), Industrial Bank of Korea (IBK), Joennan National University and PT.BPJ of Indonesia.