Indonesia booked a higher current account surplus in the second quarter this year thanks to strong commodities exports performance, providing the country with much-needed support to maintain its external resilience amid slowing down global economic prospects and soaring inflation. The country’s … Continue reading →
As part of Indonesia’s ongoing reforms to improve its investment climate, foreign investors must now face a new criterion to obtain business licenses in the country. In addition to having the necessary paid-in capital, business licenses will now be issued … 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 →
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 →
Infrastructure development has an important role in the economy. According to the Public Works Ministry, infrastructure development has a large economic output multiplier effect. The impact of infrastructure investment on economic output is larger than its nominal investment value. … Continue reading →
President-elect Joko “Jokowi” Widodo met with board of directors of Japanese car maker Mitsubishi Corporation in Jakarta on Monday to further discuss the firm’s plan to pour investment into the country. “The automotive company wants Pak Jokowi to follow up with its plan to … 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 →
Eni, through its subsidiary Eni Indonesia, has been awarded today two new Production Sharing Contracts (PSCs) in Indonesia. In the West Papua Province (East Indonesia), Eni has been awarded 100% interest in the Arguni I PSC (5,386 sq. km), located … Continue reading →