As part of the state visit by Susilo Bambang Yudhoyono, the President of the Republic of Indonesia, a meeting took place in Berlin today between Dr. Klaus Lesker, Managing Director of Ferrostaal GmbH, and the President. Prior to this meeting, Ferrostaal … Continue reading →
State-owned telecommunications company, PT Telekomunikasi Indonesia (Telkom) expects to control up to 60 percent of the mobile phone market in Timor Leste in five years through its newly established subsidiary Telekomunikasi Indonesia International (Telin). Telin’s operation in the former Indonesian … Continue reading →
Australian-based BlueScope Lysaght Indonesia, which produces an array of steel products, plans to expand its business by building 10 factories in Indonesia between now and 2016. Willius Suwandana, the president director of the company, said on Friday that the firm … Continue reading →
An annual survey of where companies are most likely to invest in Asia has highlighted the attractions of Indonesia. China, as expected, comes top of the survey. India has managed to keep its second spot, but the gap between it … Continue reading →
Australia expects to establish a stronger business presence in its closest neighbor Indonesia, particularly in the eastern part of the archipelago, as part of its goal to tighten bilateral economic ties, a top level official says. One of the potential … Continue reading →
Indonesia’s pace of economic growth can rise to 6.6 percent in 2013, driven by increased activity ahead of elections the next year, a central bank official said Friday. Bank Indonesia has projected the economy will grow 6.3 percent this year. … Continue reading →
Van Oord has been awarded a contract by PT PP (Persero) TBK for deepening the port and reclaiming land for a new terminal area in Tanjung Priok, Jakarta, the largest container port in Indonesia. The contract is part of the … Continue reading →
A change in the rules surrounding the purchasing of property in Jakarta means it will be possible for expatriates to buy homes in the city. Indonesia is currently enjoying a period of strong economic growth, which has led to more and more expats deciding to … Continue reading →
Keeping in line with its commitment to withdraw from non-core markets, French retailer Carrefour has sold its Indonesian unit to local joint venture partner CT Corp. The deal is worth $673 million. Carrefour owned 60% stake in the joint venture … Continue reading →
Japan’s top car maker Toyota announced on November 10 that it will be investing $1.3 billion into its vehicle production operations in Indonesia over the next five years. Toyota is one of the latest large industrial investors to ramp up … Continue reading →