From the Jakarta Post
S. Korea keen to sell nuclear technology to RI
South Korean President Lee Myung-Bak made a special request to Indonesian Coordinating Economic Minister Hatta Rajasa to visit South Korea's nuclear facility in Busan, on the sidelines of the latter's work visit to South Korea, on Tuesday.
“We were asked to undertake the visit,” Hatta said Tuesday in Busan, South Korea, as quoted by kompas.com.
“We hadn’t planned to visit the nuclear facility at all,” he added.
During the visit, Hatta was accompanied by other senior Indonesian officials including Industry Minister MS Hidayat, Investment Coordinating Board chief Gita Wirjawan, and National Economic Committee chairman Chairul Tanjung.
Hatta said Lee had wanted to promote South Korea's nuclear processing technology, which he said could be applicable in Indonesia.
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Tuesday, February 15, 2011
Qatar's Bank acquires Bank Kesawan
From Zawya.com
QNB acquires Indonesia's Bank Kesawan
QNB Group and Bank Kesawan signed a "Letter of Intent" in September 2010, making QNB Group the "Standby Buyer" for the rights issue which received regulatory approval in December 2010.
Ali Shareef Al Emadi, QNB Group Chief Executive Officer, said this partnership is in line with the Bank's international growth strategy to expand its presence in strategic markets with significant potential. "QNB Group is a committed long term investor in Bank Kesawan and wishes through its investment to be a partner in the development of Indonesia's economy," he said.
Erwin Aksa, President Director of Bosowa Corporation which is the partner shareholder of Bank Kesawan, said the alliance with QNB Group will have a positive impact on Bank Kesawan's overall business plans with the increase in share capital, enhancing the Bank's financial position and allowing for the expansion of business activities. The partnership will also benefit Bank Kesawan through synergies with QNB Group's advanced information technology system in addition to its expertise as of one the leading financial institutions in the Middle East and North Africa region.
For detail story, visit here
QNB acquires Indonesia's Bank Kesawan
QNB Group and Bank Kesawan signed a "Letter of Intent" in September 2010, making QNB Group the "Standby Buyer" for the rights issue which received regulatory approval in December 2010.
Ali Shareef Al Emadi, QNB Group Chief Executive Officer, said this partnership is in line with the Bank's international growth strategy to expand its presence in strategic markets with significant potential. "QNB Group is a committed long term investor in Bank Kesawan and wishes through its investment to be a partner in the development of Indonesia's economy," he said.
Erwin Aksa, President Director of Bosowa Corporation which is the partner shareholder of Bank Kesawan, said the alliance with QNB Group will have a positive impact on Bank Kesawan's overall business plans with the increase in share capital, enhancing the Bank's financial position and allowing for the expansion of business activities. The partnership will also benefit Bank Kesawan through synergies with QNB Group's advanced information technology system in addition to its expertise as of one the leading financial institutions in the Middle East and North Africa region.
For detail story, visit here
Indonesia-Finland Sign Agreement on Renewable Energy
From the Jakarta Post
Indonesia, Finland sign agreement to promote renewable energy
The Ambassador of Finland to Indonesia, Kai Sauer, said that the program, which is called the Energy and Environment Partnership (EEP), aimed to reduce greenhouse gas emissions and combat climate change by providing modern, accessible and reliable services in rural areas and industrial applications.
“This program is a manifestation of our commitment to develop the two nations relations through concrete programs,” he told reporters at a press conference held after the agreement signing ceremony in Jakarta.
He continued that the Ministry of Foreign Affairs of Finland has granted EUR 4 million (Rp 48 billion) to Indonesia to run the program for the period of 2011 to 2014. The funds would be used to sponsor feasibility studies, demonstrations and pilot projects.
For detail story, visit here
Indonesia, Finland sign agreement to promote renewable energy
The Ambassador of Finland to Indonesia, Kai Sauer, said that the program, which is called the Energy and Environment Partnership (EEP), aimed to reduce greenhouse gas emissions and combat climate change by providing modern, accessible and reliable services in rural areas and industrial applications.
“This program is a manifestation of our commitment to develop the two nations relations through concrete programs,” he told reporters at a press conference held after the agreement signing ceremony in Jakarta.
He continued that the Ministry of Foreign Affairs of Finland has granted EUR 4 million (Rp 48 billion) to Indonesia to run the program for the period of 2011 to 2014. The funds would be used to sponsor feasibility studies, demonstrations and pilot projects.
For detail story, visit here
Monday, February 14, 2011
Tata Motors' Presence in Indonesia
From the Live Mint
Tata Motors may set up Nano production facility in Indonesia
Tata Motors Ltd might build a factory to produce its Nano small car in Indonesia, one of the fastest expanding markets in Asia.
The firm is conducting a feasibility study to establish a facility in Jakarta, three people familiar with the company’s plan said on condition of anonymity.
Should the plan come to fruition, it will help the company not only get a foothold in the large but untapped market of Indonesia, but also address the adjoining markets of Thailand, Malaysia and the Philippines.
Robust economic growth, rising consumer confidence levels and affordable credit made 2010 a record year for all the four markets in South-East Asia.
Sales of light vehicle expanded 36% to 2.23 million units compared with a year ago, according to a January report on the automotive market in the Asean region by JD Power and Associates, a forecast and research firm.
“Indonesia is almost like Indian market,” said Abdul Majeed, auto practice leader at consulting firm PricewaterhouseCoopers Llp.
The fact that it has a large rural population will help sales of Nano, touted as the world’s cheapest car, Majeed added.
Tata Motors was earlier planning to expand its facility in Thailand where it makes the Xenon and Ace small trucks, to make room for the Nano. However, those plans have now been shelved in favour of Indonesia, according to one of the three persons cited above.
For detail story, visit here
Tata Motors may set up Nano production facility in Indonesia
Tata Motors Ltd might build a factory to produce its Nano small car in Indonesia, one of the fastest expanding markets in Asia.
The firm is conducting a feasibility study to establish a facility in Jakarta, three people familiar with the company’s plan said on condition of anonymity.
Should the plan come to fruition, it will help the company not only get a foothold in the large but untapped market of Indonesia, but also address the adjoining markets of Thailand, Malaysia and the Philippines.
Robust economic growth, rising consumer confidence levels and affordable credit made 2010 a record year for all the four markets in South-East Asia.
Sales of light vehicle expanded 36% to 2.23 million units compared with a year ago, according to a January report on the automotive market in the Asean region by JD Power and Associates, a forecast and research firm.
“Indonesia is almost like Indian market,” said Abdul Majeed, auto practice leader at consulting firm PricewaterhouseCoopers Llp.
The fact that it has a large rural population will help sales of Nano, touted as the world’s cheapest car, Majeed added.
Tata Motors was earlier planning to expand its facility in Thailand where it makes the Xenon and Ace small trucks, to make room for the Nano. However, those plans have now been shelved in favour of Indonesia, according to one of the three persons cited above.
For detail story, visit here
To Build Refinery Plants
From AME Info
Shell, Aramco may build plant in Indonesia
Saudi Aramco and Royal Dutch Shell and Indonesia's PT Pertamina may enter into a partnership to build a refinery in the south-east Asian nation, Bloomberg has reported. "The government is preparing a fiscal policy to help attract investors, including for the Aramco project," Indonesian industry minister Mohamad Hidayat said. Saudi Aramco is set to sign an agreement with Pertamina on the development of a $5bn refinery project with a capacity of 300,000 barrels a day.
For other stories from the source, visit here
Shell, Aramco may build plant in Indonesia
Saudi Aramco and Royal Dutch Shell and Indonesia's PT Pertamina may enter into a partnership to build a refinery in the south-east Asian nation, Bloomberg has reported. "The government is preparing a fiscal policy to help attract investors, including for the Aramco project," Indonesian industry minister Mohamad Hidayat said. Saudi Aramco is set to sign an agreement with Pertamina on the development of a $5bn refinery project with a capacity of 300,000 barrels a day.
For other stories from the source, visit here
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