Economic & Business

Head of Investment Coordinating Board (BKPM) Gita Wirjawan said he will start promoting investment with the slogan of the Indonesian Chamber of Commerce and Industry (Kadin) "Remarkable Indonesia".

Head of the Capital Investment Coordinating Board (BKPM), Gita Wirjawan, said he did not believe the chaos over the Bank Century case at the House plenary session on Tuesday would affect investment.

The Young Indonesian Entrepreneurs Association (HIPMI) has asked the government to act as a bridge between the real business sector and the banking industry.

Japan's Nihon Kagaku Sangyo Co. (TSE:4094) is making plans to begin mass production of lithium ion battery materials for automobiles.

Vietnamese leather and footwear exports could top US$6.2 billion this year, according to the Leather and Footwear Research Institute. They were worth US$5.3 billion last year.

The state-run gas agency Korea Gas Corp. (Korea Gas) (KSE:036460) will invest US$1.1 billion to jointly develop natural gas fields in Canada with local firm Encana Corp., a deal that will secure gas shipments to South Korea, the local firm said Sunday.

The Indian government on Friday brought eight new services, including brand promotion, under the tax net even as Finance Minister Pranab Mukherjee retained the service tax rate at 10 per cent.

South Korea posted a trade surplus of US$2.33 billion in February thanks to a steady rise in overseas demand for locally made goods, a government report said today.

The rupiah strengthened 20 points against the US dollar in the Jakarta interbank spot market here on Monday morning as investors sought as much of the local unit as possible.

Mitsubishi Heavy Industries Ltd. (TSE:7011) announced plans Friday to get into the business of marine windmill production.