Pupuk Indonesia Energy (PIE) plans to build two thermal power plants in Cikampek and Aceh. The US$350 million investment plan is a follow up to the construction of a power plant in Gresik currently undertaken by the company. The construction … Continue reading →
The Indonesian Stock Exchange (BEI) sees the strengthening of composite index as a sign that market players have responded positively to the cabinet reshuffle announced by President Joko Widodo (Jokowi) on Wednesday. “The BEI composite index has today (Wednesday, July … Continue reading →
President Joko widodo finally announced cabinet reshuffle on Wednesday (7/27/2016). The Jakarta Composite Index (IHSG) rose 60.478 points or by 1.158 percent in the first session. IHSG briefly reached 5,301 before it declined to 5,284 at the end of the … Continue reading →
Bank Indonesia is predicting that bank credit will grow in the third quarter this year, with working capital credit to dominate due to the drop in interest rates and relaxation of macro-prudential policies. According to a banking survey carried out … Continue reading →
London-based BP, one of the world’s leading oil and gas companies, submitted its final investment development decision to expand the Tangguh liquefied natural gas (LNG) facility (the Train III project) in West Papua, Indonesia. According to a statement from BP, … Continue reading →