Economic & Business

Cement made in China that does not meet SNI (Indonesian National Stadard) norms will not be allowed to enter North Sulawesi province despite the Asean-China Free Trade agreement (ACFTA), a local trade official said.

State-owned oil and gas company Pertamina will issue global bonds worth US$1 - US$1.5 billion in April 2010, Pertamina director for financial affairs Fredereck ST Siahaan said.

Finance Minister Sri Mulyani Indrawati said in Jakarta Monday the debts incurred in several European countries would not influence the government to continue issuing bonds.

The production of the coal mine exploited by a number of mining companies in Barito Utara (Barut) regency, Central Kalimantan in January 2010 reached 240,092 metric tons.

Investors from China and Australia were interested in developing the gold mine in North Halmahera regency, North Maluku.

Aircraft maker PT Dirgantara Indonesia started to post a profit of Rp117.08 billion in 2009 after losing Rp84.34 billion in 2008, its president director, Budi Santoso, said.

Indonesia`s national production of oil is expected to reach 965,000 barrels per day in 2010 from 65 production sharing contractors, a BP Migas oficial said.

Trade Minister Mari Elka Pangestu said the contribution of creative industries to Indonesia`s non-oil/non- gas exports reached around 7.5 percent or Rp114.9 trillion.

The ministry of energy and mineral resources (ESDM) said the private company PT Badrajaya Swarna Utama will build the hydro-power plant PLTA Asahan 4 in North Sumatra.

Weapons manufacturer PT Pindad is cooperating with PT Krakatau Steel to supply the raw material for making assault rifles, its director, Slamet Irianto, said here on Monday.