Australia and New Zeland Banking Group (ANZ) President Director Joseph Abraham forecasted that Indonesian consumption will increase in 2014 as the consumer confidence index has been rising. “It is reflected by the emergence of middle-class people in Indonesia,” he said … Continue reading →
The government’s plan to open up more industries to foreign investments may push up total realized investments further to an impressive Rp 500 trillion (US$43.5 billion) in 2014, says the Investment Coordinating Board (BKPM). After years of maintaining growth at … Continue reading →
The Indonesian government hopes the nation’s consumers can spend their way out of the worst of the economic slowdown currently affecting emerging markets, the president’s office said on Monday. The government has advocated a “keep buying policy,” that, tied with … Continue reading →
As many as 19 state-owned enterprises have agreed to join forces to construct a toll road that will connect Java’s two biggest cities, with a major section of the highway expected to be built offshore. The Jakarta-Surabaya toll road is slated … Continue reading →
PLN readying for additional 2,090 MW this year PT Perusahaan Listrik Negara (PLN) will receive an additional supply of 2,090 megawatts (MW) by the end of this year from its first 10,000 MW fast-track power plant development program, a company … Continue reading →
State of the market Indonesia has the largest economy in South-East Asia. Over the past five years it has enjoyed average annual Gross Domestic Product (GDP) of six percent, and the World Bank predicts that may reach 6.4 percent in … Continue reading →
Bumi Resources, Indonesia’s largest coal exporter, has extended the maturity of a $150 million loan just weeks after its credit rating was cut on refinancing concerns, a person familiar with the matter said. Credit Suisse Group AG, the arranging bank, … Continue reading →
The Indonesian Ministries of Finance and of Industry have announced that a tax exemption has been approved to reduce fuel consumption in the country and also to encourage the production of environmentally-friendly “low-cost green cars” (LCGC). The incentives for LCGC … Continue reading →
Saratoga prepares two subsidiaries to go public The Jakarta Post-May/30/2013 PT Saratoga Investama Sedaya is preparing two of its subsidiaries to go public so that they will be able to stand on their own feet to finance their business expansion. … Continue reading →