Building U.S.-Indonesia Mutual Understanding Since 1994

The Economy

Burger King to stop buying oil from Indonesian co.

(AP) JAKARTA, Indonesia — Environmentalists on Saturday praised Burger King’s decision to stop buying palm oil from an Indonesian company accused of destroying rainforests. The U.S. hamburger chain giant — which recently sealed a deal to sell itself for $3.26 billion to 3G Capital — said Friday that it was canceling its contract with PT…

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BRIC ambitions for Indonesia

Asia Times. JAKARTA – With Indonesia’s economic growth among the strongest in Southeast Asia and brightening future prospects for the resource-rich country, economists are weighing whether it should be the next country added to the BRIC grouping of fast-growing emerging economies comprising Brazil, Russia, India and China. When US investment bank Goldman Sachs came up…

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Business As Usual Between Malaysia And Indonesia

ALOR SETAR, Aug 30 (Bernama) — Trade in agricultural products between Malaysia and Indonesia is not affected despite anti-Malaysia protests in Jakarta, said Deputy Agriculture and Agro-Based Industry Minister Datuk Wira Mohd Johari Baharum. He said business was as usual and there was no reason to curtail import and export of agricultural goods between both…

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Indonesia sees 2010 rice surplus at 5 million tons

JAKARTA (Commodity Online) : After increasing paddy field areas, Indonesia said the country expected to see a rice surplus of 5 million tons at the end of this year. In a statement, Indonesia’s agriculture ministry said the increased output is the result of the realization of rice fields covering 12.257 million hectares in July. “In…

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