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 →
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 →
The Association of Indonesian Automotive Manufacturers (Gaikindo) wants the Indonesian automotive industry to produce up to 1.4 million units by the end of the year. According to Gaikindo, the automotive industry has been experiencing a handsome growth in Indonesia since … Continue reading →
Taiwan and Indonesia have announced their intention to extend the Memorandum of Understanding (MoU) on agricultural cooperation between the two countries that has been in force since 2001. Taiwanese Agriculture Minister Bao-Ji Chen said on Friday that the extension of … Continue reading →
The government and the House of Representatives have agreed to raise the countrys oil production target to 900,000 barrels per day from 845,000 barrels set in the original draft budget. The increase could potentially mean an addition of Rp11 trillion … Continue reading →
SilkAir, a subsidiary company of Singapore Airlines, has targeted the flight market in eastern Indonesia to boost its flights operation. “The eastern part of Indonesia has a potential market, which we believe will increase in the future,” the Assistant for … Continue reading →
President Susilo Bambang Yudhoyono has officially appointed Coordinating Economic Minister Chairul Tanjung as Acting Minister of Energy and Mineral Resources replacing Jero Wacik, who had been named a suspect on an alleged extortion case. Head of Public Communication of … Continue reading →