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Indonesia releases first Extractive Industries Transparency Initiative report | Regulation data

(Insider Stories) - Indonesia has taken a significant step forward in introducing transparency into governance of its extractive resources industry, a sector that is the economy’s mainstay and provides a third of the national budget but where a lack of transparency has led to corruption and conflict, with the Coordinating Ministry for Economic Affairs releasing Full Article

Tato Miraza is new CEO of Antam, replacing Alwinsyah Lubis | Executive data

(Insider Stories) – Shareholders of state-owned mining company PT Aneka Tambang (IDX:ANTM) have picked Tato Miraza as president director (CEO) to oversee its expansion plans, replacing Alwinsyah Lubis. Miraza joined Antam in 1992 and held several key posts, eventually becoming development director in 2008, a position he held until his promotion this week. Tato aims to Full Article

Indonesia has Scope to Capture More India Inc. Investment in Autos, Food, Infrastructure | Insider sector data

India’s companies have yet to make serious inroads into Indonesia but Southeast Asia’s biggest economy has potential to capture more outbound M&A, as rising incomes and more skilled workers boost growth in sectors like food, manufacturing and resources while improvements to the regulatory environment slowly open up a huge potential infrastructure market, Indian government and Full Article

INSIDER EXCLUSIVE: Sinar Mas to Build $245 Million Oleochemical Factory in Riau -Chairman

March 13 (The Insider Stories) — Indonesian integrated palm-based consumer-product company PT Sinar Mas Agro Resources & Technology (SMAR.JK) via its unit PT Energi Sejahtera Mas plans to build a manufacturing facility for oleochemicals, margarine and specialty fats in Lubuk Gaung Dumai, Riau Province. Total investment for the project is around US$245 million. “The design Full Article

Ferrostaal to Establish $2b Petrochemical Plant in Indonesia’s West Papua

(The Insider Stories) - Ferrostaal, a German industrial giant, plans to invest in a $2 billion petrochemical project in Indonesia’s West Papua province, a statement from Indonesia’s industry ministry said late on Monday. The statement said the commitment was revealed on the sideline of a visit by Indonesia’s President Susilo Bambang Yudhoyono to Berlin, the Full Article