Two banks, both state-controlled but listed on the Indonesia Stock Exchange, stand out in terms of assets. Both Bank Rakyat Indonesia and Bank Mandiri control assets that exceed IDR 1,000 trillion (approx. USD $69 billion) per 30 June 2018. Bank … Continue reading →
President Joko Widodo has expressed the need for a task force to safeguard every investment coming into Indonesia. “As per the coordinating minister for economy, we will have a single-submission system later in January or February. This must be set … Continue reading →
Energy and Mineral Resources (ESDM) Minister Ignasius Jonan announced that the State Owned Enterprises, that are appointed by the government in the Freeport Indonesia divestment, will acquire Rio Tinto’s right in the cooperation management of the Grasberg mine and Freeport … Continue reading →
Industry Minister Airlangga Hartanto said that Indonesia’s domestic toy industry has generated investments amounting to US$10 million or Rp135 billion. “The main thing from the investments itself is that it creates jobs,” said Airlangga at the Mattel Indonesia factory area … Continue reading →
The European Union (EU) and Indonesia have agreed to develop local products for improving competitiveness among global nations, especially in the economic field. “The car industry in Indonesia can use metals from local production. Therefore, it needs to be developed. … Continue reading →