Cisokan hydropower plant project needs $800m in investment State-owned electricity company PLN needs to invest US$800 million for a hydropower plant project located in Upper Cisokan, West Bandung, West Java. — The Jakarta Post Indonesia […]
Digital Exchange Platform NFC Indonesia Seeks to Raise $24m From IPO for Expansion Digital exchange platform NFC Indonesia seeks to raise Rp 333.33 billion ($24 million) in an initial public offering in July to fund […]
Indonesia applies anti-dumping duties on VN steel The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Việt Nam and China. — Viet Nam News Net1 Indonesia […]
$1b Loans From ADB to Support Indonesia’s Fiscal, Investment Reforms The Asian Development Bank has approved $1 billion in policy-based loans to support Indonesia’s reforms in public expenditure, and to improve the country’s investment climate. […]
UI among world`s top 300 universities The University of Indonesia (UI) is ranked 292 in the world along with two other universities — the National Yang-Ming University (Taipei) and Beijing Normal University — in the […]
Modi’s Act East, New India Focus Sees Indonesia-India Ties Bolstered India’s Prime Minister Narendra Modi has just completed another of his ‘Act East’ expansionist visits, signing nine government-government (G2G) agreements with Indonesia, with 25 business-to-business(B2B) […]
Jakarta Spends Rp8 billion for Decoration of 2018 Asian Games akarta head of Urban Plantation Management Unit (UPPTP) Yati Sudiharti said that part of the Rp8.1 billion procurement for the city’s plants and decorations are […]
Foreign Travelers’ Visits Down 4.59%, BPS Says The Central Statistics Agency (BPS) recorded that the number of foreign tourist arrivals to Indonesia in April 2018 decreased by 4.59 percent from the previous month. — Tempo.co […]
BCA raises deposit rate, holds loan rate Bank Indonesia’s (BI) recent decision to raise its reference rate for the second time by 25 basis points (bps) has pushed Indonesia’s biggest private lender Bank Central Asia […]
Indonesia Eximbank to provide credit facility to PTDI The Indonesian Export Financing Agency, or Indonesia Eximbank, is set to provide a Rp 354 billion (US$25.5 million) export credit facility to state-owned aircraft maker PT Dirgantara […]
State-owned firms prohibited from seeking fresh loans The government has prohibited state-owned enterprises (SOEs) from seeking new bank loans. Instead, they are required to find alternative financing, such as securitization and bonds. — The Jakarta […]
TRANSFAST Ties Up with Indonesia Post Office for Remittances TRANSFAST, a leading money transfer services company with presence in over 125 countries, ties up with POS Indonesia, the State-owned postal service and one of the […]