Indonesian Political, Business & Finance News

Coordinating Minister for the Economy Dorodjatun Kuntjoro-

Coordinating Minister for the Economy Dorodjatun Kuntjoro- Jakti encouraged on Monday more Malaysian businesspeople to invest in Indonesia, saying the Indonesian government was continuing to create a conducive climate for business.

He called on the neighboring country's businesspeople not to worry about investing in the country as the economy was improving following reform and democratization.

2. Duit 2 x 24 Asian monies up, dominated by yuan, Hong Kong dollar Asian Currencies Up Late, Dominated By Yuan, HKD

Asian currencies rose further, with some setting new highs in spot trading Tuesday, while the Hong Kong dollar and China yuan soared in the offshore forward markets, as participants continued to react to the weekend call by the Group of Seven industrialized nations for more flexible exchange rates.

Few central banks ventured out, probably deciding it would be a futile exercise to try and reverse the strong optimism surrounding Asian currencies.

3. 2 x 30 FIATA to hold world congress in Bali FIATA to hold world congress in Bali

The International Federation of Freight Forwarders Association (FIATA) will hold its World Congress from Sept. 29 to Oct. 3 in Bali.

The congress titled "Role of the Forwarders in Logistics and Supply Chain" was expected to draw up to 1,000 participants from across the world, the Indonesian Forwarders Association (INFA), the organizer, said on Tuesday.

4. 2 x 20

Dubai road show runs well, says Boediono Dubai road show runs well, says Boediono The government claims that its road show in Dubai last week -- aimed at testing investor interest on a planned international bond issue next year -- has been a success, with the government presentation having drawn the interest of some 30 global investors.

Minister of Finance Boediono told reporters on Tuesday that the investors included fund managers, investment bankers and people from other financial institutions -- with "all showing high-level enthusiasm for the plan."

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