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FINANCIAL WEBLOG
Random thoughts on
Reksadana, Economics, Finance
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Indonesia Investment Business Forum
a business facilitation forum where the International Investors/Business Practitioners will have
a series of business meetings and events with Regional (and National) Decision Makers, as well as Business Entities.
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Indonesia Trade and Investment
Indonesia offers trade and investment opportunities in energy, oil and gas, petrochemicals and chemicals, mining,
property, telecommunications, security, automotive, finance, and travel and tourism.
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Business in Asia - Why Indonesia?
Indonesia is a rich, ethnically diverse island state with a very large population.
Internal markets for consumer goods are large and offer opportunities for many consumer goods firms. Indonesia
has a large and well developed petroleum industry that adds to government wealth. Indonesia is just starting to
emerge from the crony capitalism that has existed for most of the time since independence.
Wage rates are relatively low and if social stability can be maintained the
opportunities for profitable investment will be significant.
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Business & Investment
Opportunities in Indonesia
In more recent decades Indonesia has seen major investments by
large multinationals, small businessmen and individuals.
This page will highlight selected business opportunities in Indonesia
open to both expatriates and Indonesian nationals.
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Doing Business in Indonesia
Investment Climate, Discipline, Take your time, Contracts,
Maintenance, Be Seen, Procedures, Personal Relationships, The Unseen
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Expatriate Forums in Indonesia
The Indonesia Expats Online Community Resources & Forums
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Pertamina names new
directors
February 19, 2010
The Jakarta Post
While maintaining Karen Agustiawan as the president director of state oil and gas company PT Pertamina, the
government has appointed a new director of investment, development and risk management to replace the vice president
director post.
“There are two new posts, namely the director of investment, development and risk management and the director of
processing. The vice president director post is … to be replaced by the director of investment,” State Enterprise
Minister Mustafa Abubakar told tempointeratif.com on Friday.
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State oil and gas firm PT Pertamina has reshuffled its board of directors and added a new directorate aimed
at supporting the company’s ambitious plans for upstream expansion.
The new directorate is the investment planning and risk management directorate, to be headed by the company’s former
finance director, Frederick S.T. Siahaan.
“There will non-organic growth from our upstream business as we plan many acquisitions,” president director Karen
Agustiawan said Friday after an inauguration ceremony.
Pertamina said it had allocated Rp 29.5 trillion (US$3.16 billion) this year for upstream activities.
Of that amount, the company will allocate Rp 10.2 trillion to acquire new blocks in Southeast Asia and Australia,
including 24 oil and gas blocks in the country, whose contracts will expire between 2011 and 2020.
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Pertamina New Board
of Directors
Friday, 19 February 2010).
The new board of directors of Pertamina:
* Director: Karen Agustiawan
* Director of Upstream: Good Setiarja
* Director of Marketing and Commerce: Djaelani Sutomo
* Director of Human Resources: Rukmi Hadihartini
* Director: Asset Waluyo
* Director of Finance: M Afdhal.
* Director of Processing: Edy Setyanto
* Director of Development and Investment Risk Management: Frederick ST Siahaan.
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