TEMPO Interactive, Jakarta:Foreign companies operating in Indonesia are relocating to the suburbs, say industry experts. According to Tommy H. Bastamy, senior vice president of research and consultancy firm Coldwell Banker Indonesia, companies are starting to build retail and offices space on the outskirts of Jakarta, in areas such as Alam Sutera, Paramount and Bumi Serpong Damai (BSD) in Tangerang.

TEMPO Interactive, Jakarta:The non-subsidy fuel business is attractive to foreign gas stations, especially as the government is encouraging people to switch from using subsidized premium fuel to non-subsidized Pertamax. Last Monday, Pertamina increased the price of Pertamax to Rp 9,050. For the same octane, Shell from the Netherlands applied a similar price, while France’s PT Total Oil Indonesia, offered a Rp50 cheaper price.

TEMPO Interactive, Banjarnegara:The contract and profit sharing agreement on Dieng’s geothermal resources will be reviewed, said House of Representatives’ (DPR) Commission VII member, Sugihono Karyosuwondo. “PT Geo Dipa Energi’s contract draft for the Dieng unit will be reviewed,” he said on Tuesday. The commission will also look at the profit sharing system with the Banjarnegara regional government.

Jakarta (ANTARA News) - Vice President Boediono has assured investors that the Indonesian government will continue to manage the country`s economy prudently in both fiscal and monetary terms, his spokesman, Yopie Hidayat, said. Yopie said the vice president gave the assurance when he received Senior Vice President of Franklin Templeton Investments Michael Hasenstab at his office here on Wednesday.

The European Union’s (EU) 27 member states will inject €30 million (US$44.66 million) into Indonesia to strengthen the trade and investment climate, according to the countries’ joint press statement.

Indonesia expects the United States to more than double investment in Southeast Asia’s largest economy to capitalize on the stable political climate and growing economic clout. “I expect [US investment] to be steady at between $1 billion and $2 billion per year,” Gita Wirjawan, chairman of the Investment Coordinating Board (BKPM), said on Wednesday.

Medan. Saturday will bring an end to state seaport operator Pelabuhan Indonesia’s dominance of the country’s ports as private competitors join the fray. Law No. 17/2008 on port operation, which goes into effect this week, limits seaport operators Pelindo I, II, III and IV from acting as regulators. They previously regulated the nation’s ports, but the law made the Transportation Ministry the new regulator.