Minister of Public Works and Public Housing Hadimulyono Basuki said the government is targeting to complete the construction of 769 kilometers (km) of new roads, including the 158 km causeway along the south coast of Java. “Anyway, the pansela (the … Continue reading →
Indonesias Coordinating Minister for Economic Affairs, Darmin Nasution, said there is no need to be overly pessimistic about economic growth, set to grow at 5.1 percent in 2017. “The estimation of a growth rate of 5.1, 5.2 or 5.3 percent … Continue reading →
The Finance Ministry has predicted that Indonesias economic growth will stay at 5.0 percent this year due to several factors including spending cut. “One of the triggering factors is government consumption which falls to 3 percent due to spending cut,” … Continue reading →
The government will auction mini refinery projects in seven clusters that have been established in October or November 2016. According to the Energy and Mineral Resources Ministry, many contractors have expressed interest to build mini refineries. “We will try to … Continue reading →
The Indonesian government and House of Representatives have settled on an economic growth target of 5.1 percent for 2017, anticipating weak government spending to continue next year. The target was lower than the 5.2 percent target set for 2016 and … Continue reading →