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[Indonesia Report] Indonesia’s energy consumption grows highest in the world

[Indonesia Report] Indonesia’s energy consumption grows highest in the world

Indonesia Ministry of Energy and Mineral Resources claimed that the growth of Indonesia’s energy consumption is higher than any other countries in the world. According to Kompas.com’s report, Directorate General of Renewable and Conservation Energy released a report on the growth rate of Indonesia’s energy consumption in recent years reached to 7 percent per year. Average […]

Cure-all in the making?

Cure-all in the making?

RNL Bio founder Ra Jeong-chan regards stem cells as fountain of youth A research team at Chungbuk National University carried out experiments with dozens of mice over the past few years to learn what effect stem cells had on lifespan. A score of them lived their average span of around two years, while another score […]

Busan logistics hub in Northeast Asia

Busan logistics hub in Northeast Asia

Busan Port has emerged as a maritime logistics hub in Northeast Asia, attracting large numbers of multinational freighters. Thanks to its state-of-the-art loading and unloading facilities operational 24 hours a day, a skilled labor force and attractive incentives provided to shipping firms, it has become a must for global shipping lines to establish a strong […]

Indonesia-China Business Forum Opens In Jakarta With Putting Focus On Economic, Trade Cooperation

Indonesia-China Business Forum Opens In Jakarta With Putting Focus On Economic, Trade Cooperation

Zhang Wei, vice president of the China Council for the Promotion of International Trade (CCPIT), speaks on the Indonesia-China Business Forum at the Ritz-Carlton hotel in Jakarta, Indonesia, Nov. 19, 2012. The forum which kicked off here Monday focused on Indonesia-China economic and trade cooperation. Picture taken on Nov. 19, 2012 shows a scene of […]

Hanwha E&C secures most orders overseas

Hanwha E&C secures most orders overseas

Hanwha Engineering & Construction (E&C), a latecomer among domestic construction firms that have established a presence abroad, has emerged as a major player this year with its accumulated orders surpassing those of other builders. On Wednesday, the building arm of Hanwha Group secured a $585 million order to construct an oil refinery and terminal in […]

[Indonesia Report] Indonesian civil servants receive training on bureaucratic reform in Korea

[Indonesia Report] Indonesian civil servants receive training on bureaucratic reform in Korea

Some 26 of Indonesian Ministries’ staffs came for training in bureaucratic reform in Korea. The first batch came last Monday (November 6) and stayed for a week to have a training on reformation of bureaucratic system at Korea University. The second batch of around 20 people are now attending the workshop. Civil Servants attending the workshop are from National […]

Bracing for Xi Jinping era

Bracing for Xi Jinping era

Korean firms advised to rechart China strategies Korea Inc is widely expected to face fiercer challenges from Chinese rivals during the era of Xi Jinping who has just been elected by the ruling communist party there to lead the world’s second largest economy for the next 10 years. With the new Chinese president vowing to […]

Retail war deepens

Lotte plans to build giant outlet in Busan The country’s two largest retail giants will face off again in Busan. Lotte, the biggest retail chain, and its major rival Shinsegae have engaged in fierce competition for years to gain the biggest slice in industries such as department stores, discount stores and outlet malls in Seoul […]

Samsung plans not to sell Google TV in Korea

Samsung Electronics said Wednesday that it has no plans to sell sets supporting Google’s Web TV service in Korea. The move came as the TV service has received a lukewarm response in key markets such as Europe. “We got less attention for our Google TVs in Europe. Samsung doesn’t have any plans to release them […]

[Indonesia Report] Weakening of Indonesian currency serves cause for concern

[Indonesia Report] Weakening of Indonesian currency serves cause for concern

Indonesia Rupiah is becoming weaker in the last few weeks. IDR exchange currency to US Dollar keep experiencing pressure. Kompas.com published an article pointing out the concern on IDR currency devaluation, saying, “The rise of global negative sentiment seemed to leave no room for the rupiah to strengthen.” Kompas.com raised a question of when Indonesia Rupiah […]

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