President Joko “Jokowi” Widodo has said the first toll road in Kalimantan will be opened soon with construction now 86 percent complete. “Kalimantan will have its first toll road. It will span 99.35 kilometers from Balikpapan to Samarinda [both in … Continue reading →
Indonesia has set 13 agendas to promote investment during the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, from Jan 22 to 25, including investment in the digital economy. “We will convey the change in Indonesia, as currently the … Continue reading →
The Indonesian Exporters Association (GPEI) is seeking incentives from the government for the use of local raw materials to manufacture its products. GPEI chairman Benny Soetrisno said on Wednesday that certain imported raw materials were cheaper than local ones because … Continue reading →
After years of struggle the outlook for Indonesia’s ceramic industry looks a bit more positive now. In recent years Indonesia’s domestic ceramic industry has been plagued by subdued growth in Indonesia’s property sector, while there also emerged increasing competition from … Continue reading →
PT Semen Indonesia (SMGR) signed a conditional sales and purchase agreement to take over 6.18 million shares, 80.6 percent ownership, of PT Holcim Indonesia (SMCB) at a total cost of US$917 million on Nov.12. The acquisition will be conducted through … Continue reading →