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United States Foreign Investments Indonesia

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BUSINESS
July 28, 1990 | CRISTINA LEE, TIMES STAFF WRITER
Commerce Secretary Robert A. Mosbacher, in a push to expand the market for U.S. exports, is escorting a party of chief executives from seven U.S. corporations to Indonesia and Thailand next week to meet with government officials and business executives there. The visit is part of Mosbacher's 10-day swing through Asia, which includes stops in Hong Kong and Singapore and is his first trip to Southeast Asia since taking over the Department of Commerce last year.
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BUSINESS
May 15, 1998 | EVELYN IRITANI, TIMES STAFF WRITER
As Indonesia's capital city deteriorated further Thursday and anti-government protesters closed the roads to Jakarta's airport and seaport, Mattel, Arco, Hewlett-Packard, Citibank and other beleaguered U.S. firms began closing their plants and offices, evacuating personnel and making contingency plans to move operations elsewhere. And while U.S.
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BUSINESS
April 18, 1994 | From Times Staff and Wire Reports
Aircraft Plant May Be Built in U.S.: The government is looking to build a plant to facilitate sales for commuter planes made by the state-run Nusantara Aircraft Industry. Minister of Research and Technology B.J. Habibie said the matter will be discussed during a visit next month to Oregon, Utah, Alabama, Kansas and Washington, D.C. Those are considered likely sites for the plant.
BUSINESS
April 9, 1998 | EVELYN IRITANI, TIMES STAFF WRITER
Hoping to cash in on the red-hot U.S. economy and reduce their debts back home, Indonesian tycoons are quietly selling off Southern California assets, including a hotel, downtown property and San Marino-based East-West Bank. Because of the relatively small amount of Southeast Asian investment in California, this retreat will not have the same impact on the local economy as the exodus of Japanese investors did in the early 1990s, according to real estate and banking sources.
BUSINESS
December 11, 1995 | From Reuters
Indonesia has long shed its image of 30 years ago when it would seize foreign firms, or even 10 years ago when it would frighten off ventures by trying to force them to support an obsolete work force. Now a vibrant Indonesia is welcoming all comers, and governments such as the United States are prodding their companies to join the rush. U.S. Transportation Secretary Federico Pena spent two days last month in Indonesia promoting U.S. businesses.
BUSINESS
November 27, 1989 | CHARLES P. WALLACE, TIMES STAFF WRITER
Environmental groups are claiming victory following the decision by Philadelphia-based Scott Paper Co. to back out of a $600-million project to exploit one of Indonesia's last virgin forests. But now they fear that a worse fate is yet to come. Scott had set up the joint venture at the beginning of the year with Indonesia's second-largest industrial company, PT Astra.
BUSINESS
April 25, 1996 | JOHN O'DELL
A unit of Fluor Corp. has dropped from a partnership formed just last year to build a $640-million copper smelter in Indonesia. Fluor Daniel Inc. sold its 10% interest in the venture at the urging of the partnership's majority owner, Japan's Mitsubishi Materials Corp. Mitsubishi wanted Tokyo-based building contractor Chiyoda Corp. to take over as project manager as work moved beyond the preliminary stages, Fluor spokeswoman Kirsten Frosh said.
BUSINESS
December 11, 1995 | From Reuters
Indonesia has long shed its image of 30 years ago when it would seize foreign firms, or even 10 years ago when it would frighten off ventures by trying to force them to support an obsolete work force. Now a vibrant Indonesia is welcoming all comers, and governments such as the United States are prodding their companies to join the rush. U.S. Transportation Secretary Federico Pena spent two days last month in Indonesia promoting U.S. businesses.
BUSINESS
November 17, 1994 | From Associated Press
Exxon Corp. and the government of Indonesia agreed to spend up to $40 billion over several decades to develop a huge natural gas field in the South China Sea. The Natuna field could produce about 2 billion cubic feet of gas each day for more than 30 years, the company said in announcing the deal Wednesday. If the field's potential is realized, Exxon's stake would boost its gas holdings by 50%.
BUSINESS
August 30, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
Harry Shuster doesn't know a thing about spicing up a red sauce, basting a side of ribs or spinning a head of foam on a cup of cappuccino. And, though he runs a chain of restaurants, he couldn't care less. Shuster, chairman and president of United Restaurants Inc. in Costa Mesa, is a deal maker, and he has plenty on his plate these days.
BUSINESS
April 18, 1994 | From Times Staff and Wire Reports
Aircraft Plant May Be Built in U.S.: The government is looking to build a plant to facilitate sales for commuter planes made by the state-run Nusantara Aircraft Industry. Minister of Research and Technology B.J. Habibie said the matter will be discussed during a visit next month to Oregon, Utah, Alabama, Kansas and Washington, D.C. Those are considered likely sites for the plant.
BUSINESS
December 10, 1992
A Fluor Corp. unit has won a $325-million contract to expand a copper and gold mining and milling operation that sprawls 75 miles through an Indonesian jungle. The engineering and construction giant's Fluor Daniel unit already has a 3-year-old contract with a unit of Freeport-McMoRan Copper & Gold Co. to do a smaller expansion at the mines in Irian Jaya. That expansion will be completed next year; construction on the next phase then will begin.
BUSINESS
April 25, 1996 | JOHN O'DELL
A unit of Fluor Corp. has dropped from a partnership formed just last year to build a $640-million copper smelter in Indonesia. Fluor Daniel Inc. sold its 10% interest in the venture at the urging of the partnership's majority owner, Japan's Mitsubishi Materials Corp. Mitsubishi wanted Tokyo-based building contractor Chiyoda Corp. to take over as project manager as work moved beyond the preliminary stages, Fluor spokeswoman Kirsten Frosh said.
BUSINESS
February 25, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Bobby Grahm is willing to go to great lengths to get an edge on his competition. However, when Grahm in 1985 decided to go all the way to Indonesia--venturing into wild, mountainous regions devoid of telephones and paved roads to set up manufacturing facilities--some friends believed that he may have gone too far. After all, manufacturers in Taiwan were already providing Grahm's Los Angeles-based import business with a steady supply of hand tools, portable lamps and kitchenware.
BUSINESS
February 25, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Bobby Grahm is willing to go to great lengths to get an edge on his competition. However, when Grahm in 1985 decided to go all the way to Indonesia--venturing into wild, mountainous regions devoid of telephones and paved roads to set up manufacturing facilities--some friends believed that he may have gone too far. After all, manufacturers in Taiwan were already providing Grahm's Los Angeles-based import business with a steady supply of hand tools, portable lamps and kitchenware.
BUSINESS
July 28, 1990 | CRISTINA LEE, TIMES STAFF WRITER
Commerce Secretary Robert A. Mosbacher, in a push to expand the market for U.S. exports, is escorting a party of chief executives from seven U.S. corporations to Indonesia and Thailand next week to meet with government officials and business executives there. The visit is part of Mosbacher's 10-day swing through Asia, which includes stops in Hong Kong and Singapore and is his first trip to Southeast Asia since taking over the Department of Commerce last year.
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