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May 23, 2013 -- Updated July 06, 2012 23:11 HKT

Indonesia to co-operate with Australian investors on raising cattle


paul@livetradingnews.com
Posted on: Jul 6th, 2012

Indonesia to co-operate with Australian investors on raising cattle

Indonesian State-Owned Enterprises Minister Dahlan Iskan said Friday that the government would give a full support should Australian investors aim to invest on cattle farm in Indonesia, the Antara news agency reported.

The minister said that the government would prepare East Nusa Tenggara province and Papua province as the area for the farming.

The remarks were made after the return of Indonesian President Susilo Bambang Yudhoyono from a visit to Australia this week, during which the president urged Australian investors or cattle racers to invest in Indonesia, particularly in the eastern part of the country.

Dahlan said that the investors may cooperate with Indonesian state firms or conducted business by them selves.

“Should Australian investors prefer to do the business by themselves they may do, but if they would like to cooperate with state firms, it is also possible,” he said.

Australia exported most of their meat products to Indonesia as the demand in Indonesia keep rising.











 

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 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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