RI plans to give incentives to environment-friendly investors

""We need to seek a solution. On one hand investors are needed to help eradicate poverty, while on the other they are also held responsible for the environment. In the past, we gave incentives to make Indonesia competitive and now we are planning to give incentives to make...

Indonesian shares outlook - Flat as investors await Fed`s rate decision

Jakarta (ANTARA News) - Indonesian shares are expected to open flat on Monday as investors mark time ahead of the Federal Reserve's decision on interest rates tomorrow. "The market may be quiet but I think the main index could move into positive direction," said Prayoga...

Jambi has 500 million tons of exploitable coal deposits

"Jambi`s calculated and exploitable coal potential with calories of 4,500 to 5,400 kkal/kg reached 500 million tons.This vast energy potential needs to be exploited and used for economic development, especially electric energy generation, Jambi Governor H Zulkifli Nurdin said...

Germany using PV to reduce carbon emissions and strengthen economy

"Germany is the world's largest PV market. It will add 1.5 gigawatts (GW) of installed PV capacity in 2007-an improvement over 2006 when it added 1.15 GW.PV production is increasing because Germany is creating the conditions to make PV investments profitable.For example,...

Universal picks site for 3.1 bln dlr SKorea

"Investors led by Universal Studios announced Tuesday they would invest 3.1 billion dollars to open a theme park in South Korea.The resort, to open in 2012, will include conference, accommodation and resort facilities, a golf course, a spa and a shopping mall and aims to...

Oil prices gain slightly in quiet Asian trade

"Jason Feer, of energy market analysts Argus Media Ltd, said that with New York floor trading closed there was "thin volume, and no real news that would've drawn people in." Crude oil prices have surged by about 64 percent since the start of 2007, supported by supply...

Six Asian nations plan common stock exchange: Thai official

"Singapore, Thailand, Malaysia, the Philippines, Indonesia and Vietnam would jointly set up an exchange for regional trading in late 2008, according to Nongram Wongwanich, a senior executive vice president of the Stock Exchange of Thailand (SET).Under the plan, large-cap...

Second European Bioplastics conference

"Bioplastic investors from throughout the world will gather in Paris for the European Bioplastics conference.Germany is an excellent market for bioplastic investments because of favorable legislation and a base of consumers that buys environmentally friendly products.Invest...

Asian currencies mostly down against dollar

"Japanese yen : The yen has hovered around an 18-month high against the dollar in the past week as investors shunned risk amid credit market concerns and worries the US economy was losing momentum. The Japanese currency rallied to the week's high of 109.22 to the dollar on...

Indonesian shares expected to continue falling next week

""I expect the market will continue to be on a down trend because of uncertainty regarding the US economy and the high oil price," said Lanang Trihardian, an analyst with Erdikha Elit. "I think it will be a volatile market next week with a tendency to correct." The Jakarta...

House Approves Bill to Restrict Mortgages

"House Approves Bill to Restrict Mortgages "With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for...

Foreign investors invited to tap Indonesia`s oil fields

"Indonesia`s oil production reached its first peak in 1977, at approximately 1.6 million barrels per day, rising from 500,000 barrels per day in just 10 years. Production peaked a second time in 1995 to just over 1.6 million barrels a day.Since 1995, production had steadily...

Indonesian festival opens in Melbourne

""The trade volume between Indonesia and Australia in 2006 reached 10.4 billion dollars, making Indonesia Australia`s 13th biggest trade partner," he said. He said the Australian people would get better knowledge about the beauty of Indonesia through the festival. At present,...