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 →
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 →
Indonesia must improve the quality of its products in order to prepare for regional rivalry when the ASEAN Economic Community (AEC) begins in 2015, says Industry Minister MS Hidayat. “If we do not improve the quality of our products … 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 →
The total spending by domestic tourists in the first semester this year reached Rp76.16 trillion. “Until the first semester, this year, a total of 107 million domestic tourists have travelled across the country spending up to Rp76.16 trillion,” Tourism Minister … Continue reading →
Minister of Agriculture Suswono reported that agricultural sector has contributed surplus for the national trade balance amounting to US$17-20 billion derived from subsectors, such as oil palm plantations, cocoa, coffee, and rubber. The minister explained that the real contribution … Continue reading →
Indonesia government has proposed an economic growth of 5.6 percent in the Draft 2015 State Budget, considering the improvement in economic fundamentals and economic stability as well as conducive external factors. “Global economic turmoil is predicted to continue next … Continue reading →
Senior representatives from several Taiwanese companies are currently in Indonesia to explore investment opportunities in the country’s growing industrial sector, especially the electronics and petrochemical industries. The delegation, led by Sheng Chung Lin of Taiwanese petrochemical firm CPC Corporation, comprises … Continue reading →