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PLN to expand power capacity as electricity demand increases

In a bid to meet growing demand, state-owned utilities firm PT Perusahaan Listrik Negara (PLN) will expand its power capacity…

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  • BEI disappointed by lack of government's support

    JAKARTA (JP): Bank Export Indonesia has complained about a lack of government support in transforming the bank into an independent export credit agency.

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  • IBRA to sell Salim's oil palm plantations soon

    JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said on Friday that the sale of the 24 oil palm related companies formerly owned bythe Salim Group has been brought down…

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  • Rini Soewandi revs up Indonesian motorcycle industry

    JAKARTA (JP): Rini M.S. Soewandi, one of Indonesia's highest paid professional managers, has plunged some of her own money into a new motorcycle manufacturing start-up to challenge Japanese giants and

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  • Teguh Sakti denies losing rights in VDHI

    JAKARTA (JP): PT VDH Teguh Sakti denied on Friday claims by PT Jakarta Depot Satelit (JDS) that the company had lost voting rights on its shares in affiliate PT Van…

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  • BI launches new settlement system

    JAKARTA (JP): Bank Indonesia officially launched on Thursday the real-time gross settlement system (BI-RTGS) in a bid to modernize the country's noncash interbank payment system.

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  • Indofood drops plan to buy oil palm plantations

    JAKARTA (JP): Publicly listed Indofood Sukses Makmur has dropped a plan to acquire several oil palm plantations under the control of the Indonesian Bank Restructuring Agency (IBRA).

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  • Government not to force banks to merge, Prijadi says

    JAKARTA (JP): Finance minister Prijadi Praptosuhardjo said on Thursday the government would not force domestic banks to merge to create a stronger industry but would instead let the market forces…

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  • Foreign investors put off by fears of power crisis

    JAKARTA (JP): The possibility of a power crisis in Indonesia has added to the uncertainties in the country's investment climate, according to a senior official at the Asian Development Bank…

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  • Schlumberger seeks more oil

    JAKARTA (JP): French-based oil and gas service company PT Schlumberger Indonesia said it was discussing with state oil and gas company Pertamina ways to raise Indonesia's oil recovery factor.

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  • Bali gets new management

    JAKARTA (JP): Shareholders of the publicly listed Bank Bali approved on Thursday the appointment of a new board of directors and commissioners for the period of 2000-2002.

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