President Joko “Jokowi” Widodo outlined his economic reform priorities at the G20 Summit in Brisbane, Australia, on Saturday, November 15, in order for Indonesia to “avoid the middle-income country trap” and accelerate growth over the next 5 years. “These efforts … Continue reading →
North Sulawesi has the potential to serve as the gateway to the Asia-Pacific economy due to its strategic geographical location, stated Deputy Speaker of the Peoples Consultative Assembly (MPR) Evert E. Mangindaan. According to him, North Sulawesi was located on … Continue reading →
Russia’s investment and industrial group Vi Holding may pour around US$1.5 billion into building mineral processing facilities in Indonesia, a Russian minister says. The projects would comprise a $1 billion alumina refinery and a $500 million ferronickel smelter, Russian … Continue reading →
Deputy General Chairman of the Indonesian Chamber of Commerce and Industry for Backward Regions Natsir Mansyur said around US$8 billion is needed to build Liquefied Natural Gas (LNG) receiving terminals in all Indonesian 33 provinces. “That is a big investment … Continue reading →
Chief Economics Minister Chairul Tanjung has said North Sulawesi will build a 39 kilometer toll road linking Manado and Bitung. The project to be built in two sections, will cost around Rp4.16 trillion, Chairul said to Antara News on Sunday … Continue reading →
Indonesia government will launch a program to develop downstream coal industry to increase the coal added value, an official said. Mineral and Coal Director General R Sukhyar said the government is revising the government regulation (PP) No 23 of 2010 … Continue reading →
A number of foreign companies reportedly plans to build cement factories in eastern Indonesia. Andi Unggul Attas, president director of PT Semen Tonasa, said investors from China, Thailand, and Vietnam are targeting the eastern Indonesian market in regards to the … Continue reading →
News of the Indonesian government dropping the controversial foreign ownership clause in the final version of its plantations bill has left observers unperturbed. RHB Research analyst Hoe Lee Leng said she was generally positive that the clause was omitted. The … Continue reading →
The state-owned oil and gas company Pertamina, through its subsidiary PT Pertagas Niaga, will complete the construction of its Liquefied Natural Gas (LNG) receiving terminal in Tanjung Benoa, Bali, in 2016, stated a minister. “The construction of the terminal has … Continue reading →
Indonesian state-owned oil and natural gas corporation PT Pertamina (Persero) stated its readiness to build 150 gas stations worth Rp1.5 trillion, or about US$125.5 million, in Java by 2015. Director of Marketing and Trading Hanung Budya said here on Wednesday … Continue reading →