Volkswagen, Europe’s biggest automaker, plans to build a factory in Indonesia by the end of this year at the latest, Industry Minister M.S. Hidayat said. “I had a talk with them [Volkswagen] about their plan. They already have a blueprint … Continue reading →
Indonesia’s central bank said on Thursday it is proposing to cap single ownership in the country’s banks at a maximum 40 percent for new investment, from up to 99 percent currently. Halim Alamsyah, the central bank deputy governor responsible for … Continue reading →
China-based coal mining equipment maker Sany signed a memorandum of understanding (MoU) with Indonesia on Saturday tp invest up to $200 million to build a production base for its heavy machineries in Cikarang, Bekasi. “Sany is convinced that we’re able … Continue reading →
JAKARTA—Foreign direct investment in Indonesia jumped 30% to a record 51.5 trillion rupiah ($5.6 billion) in the first three months of the year, as foreign companies continued to expand despite discouraging policy decisions in recent months. Separately, Indonesia’s Investment Coordinating … Continue reading →
The government has promised additional incentives for investors who wish to develop deep sea oil and gas projects. Evita Herawati Legowo, Oil and Gas director-general of the Energy and Mineral Resource Ministry, said the incentive offered is, among others, in … Continue reading →
JAKARTA – Bank terbesar di Asia Tenggara yang berbasis di Singapura, DBS Group Holdings Ltd (DBS), mengambil alih 67,37% saham PT Bank Danamon Tbk (BDMN). Akuisisi dilakukan dengan membeli 100% saham Fullerton Financial Holdings Pte Ltd (FFH) pada Asia Financial … Continue reading →
Anhui Conch Cement Co. , China’s largest cement producer, is still working to obtain final approval from the Indonesian government for its massive $2.35 billion investment in Indonesia, Chairman Guo Wensan told reporters Wednesday. Speaking on the sidelines of the … Continue reading →
Investors from Turkey and China will pour billions of dollars into Indonesia’s energy and cement sectors, a senior official at the Investment Coordinating Board has announced. Tamba P. Hutapea, the deputy for investment planning at the body known as BKPM, … Continue reading →
PT Moya Indonesia, a subsidiary of Bahrain holding company Moya, has signed a 25-year build, operate and transfer (BOT) contract with the Indonesian Municipal Authority for the country’s biggest fresh water treatment complex. Moya, co-founded by Gulf One Investment … Continue reading →
Beverages supplier Coca-Cola Amatil says further boosting of its investments in Indonesia and Papua New Guinea will be a high priority in 2012. CCA booked an annual net profit of $591.8 million for the 2011 calendar year, up 19 per … Continue reading →