Indonesia Morning News For April 28

Agriculture ministry to create 80,000 hectares of new rice fields The Agriculture Ministry has expressed its optimism that it is able to create some 80,000 hectares of new rice fields this year as targeted by […]

Agriculture ministry to create 80,000 hectares of new rice fields The Agriculture Ministry has expressed its optimism that it is able to create some 80,000 hectares of new rice fields this year as targeted by […]

Indosat Eyes Rp 3t From Bond Sale in May to Repay Debt, Expand Network Indosat, Indonesia’s second-largest telecommunications operator, plans to raise Rp 3 trillion ($226 million) from a bond sale next month to repay […]

Papua government plans to spend up to $37.6 million to build world’s tallest Jesus statue According to 2016 data from the Indonesian Statistics Agency (BPS), Papua is the region of Indonesia with the highest rate […]

Chevron to Sell Assets of $10 billion Incl Geothermal Project in Indonesia Chevron Corp is selling its three Bangladesh gas fields, worth an estimated $2 billion, to a Chinese consortium as the U.S. oil and […]

French shipping company CMA CGM aims to increase RI market share to 20 percent France’s CMA CGM, the third biggest shipping company in the world, aims to increase its market share in Indonesia to 20 […]

Mike Pence Signed 8 Billion Dollar Deal during Indonesia Visit The United States Vice President Mike Pence has signed a USD 8 billion business deals in presence of his Indonesian counterpart Jusuf Kalla during his […]

Deeper Capital Markets Help Indonesia Unlock $70b in Annual Funding: McKinsey Indonesia can unlock $70 billion in additional funding annually from its capital market, should the government provide much-needed financial resources to develop ambitious infrastructure […]

Government to build Rp3 trillion dam in Jayawijaya The Central Government will build a dam to cost Rp3 trillion in the regency of Jayawijaya, Papua to be completed in 2019. — Antara News Jakarta polls […]

Go-Jek reportedly raises another round of funding, aims for Southeast Asia expansion Indonesian ride-hailing startup Go-Jek is in talks with investors to raise a US$1 billion-worth of funding, according to a Wall Street Journal report […]

Jokowi Calls for Introspection After Saudis Invest More in China Than Indonesia Last month’s state visit to Indonesia by King Salman bin Abdulaziz al Saud of Saudi Arabia had a major impact on the tourism […]

World Bank revises Indonesia’s economic growth estimates down to 5.2 percent The World Bank has revised its estimated rate of Indonesian economic growth down to 5.2 percent in its April edition of the East Asia […]

Exclusive: Indonesia’s Muslimarket.com raises Series A from 500 Startups, others Muslimarket.com, one of Indonesia’s upcoming e-commerce Muslim marketplace platform, has closed its series A funding, that values the company at around $10 million. The startup […]