Cement Industry is Predicted Still Hard to Develop During the past 11 months, domestic cement sales are still dependent on the property and infrastructure sectors, Mirae Aset Sekuritas analyst Mimi Halimin has said. — Netral […]
Too high tax revenue target frightens businesspeople This year, the government is set to increase tax revenue by 10.94 percent of Rp 1.42 quadrillion (US$99.39 billion) as stipulated in the 2017 state budget. — The […]
Garuda Indonesia to add 30 new routes National flag carrier Garuda Indonesia is set to add 30 new routes for both domestic and international flights, said airline spokesman Ikhsan Rosan on Sunday. — The Jakarta […]
Chinese firm to build plastic plant in Batam Batam Free Trade Zone Authority (BP Batam) has granted its first investment permit in 2018 to Chinese plastic maker Hong Sheng Plastic Industry, which is set to […]
What Does Indonesia’s New Political Landscape Mean for the Future of its Economy? The election of Jakarta Governor Anies Rasyid Baswedan and the imprisonment of the former governor Basuki Tjahaja Purnama, known popularly as Ahok, […]
Energy subsidy swells to Rp 97.6 trillion: Sri Mulyani The government spent an additional Rp 7.7 trillion (US$ 539 million) on energy subsidies in 2017 due to the increasing global price of crude oil in […]
Indonesia’s Blue Economy In Need of Good Governance The ‘blue economy’ concept — a model of sustainable development concerned with the use of the coastal and marine ecosystem — gained prominence in Indonesia as one […]
Indonesia’s Forest Fires: Limited Resources Hamper Fight Forest fires sweeping across Sumatra and Kalimantan in recent months prompted six Indonesian provinces to declare a state of emergency. — AEC News Today Indonesia offers Rp 7.7t […]
Pertamina May Incur Losses from Premium Sales as Crude Price Hike Reforminer Institute’s executive director Komaidi Notonegoro asks the government to review the policy of limiting the public service obligation (PSO) prices, especially for the […]
Japan’s MUFG seeks majority of Indonesia’s Bank Danamon Mitsubishi UFJ Financial Group (MUFG) (8306.T) said on Tuesday it agreed to buy 73.8 percent of Bank Danamon Indonesia (BDMN.JK), as it looks to build a foothold […]
Japan’s SMFG keen to raise stake in Indonesian bank BTPN to majority Sumitomo Mitsui Financial Group (SMFG) is keen to raise its stake to a majority in Indonesian lender BTPN if authorities permit, the Japanese […]
Indonesia’s Indofood buys out drink venture partner Asahi for $20m Indonesia’s largest food company, Indofood Sukses Makmur, said Friday it will buy Japan-based Asahi Group Holdings’ stakes in two nonalcoholic beverage joint ventures for $20 […]