The government, through the Industry Ministry, has approved the expansion plan for a nickel industrial estate in Konawe, Southeast Sulawesi, and plans to issue the permit in the near future. The ministry’s Directorate General of Development for Industrial Areas, Imam Haryono, said … Continue reading →
Indonesia and Turkey agreed US$520 million or Rp6.9 trillion investments last week, the Investment Coordinating Board chairman Thomas Lembong said. The agreement includes cooperation in the field of energy and air transport, according to Thomas. “State-owned PT Perkapalan Indonesia has … Continue reading →
The Energy and Mineral Resources Ministry held for the first time a breakfast meeting on Friday with 52 oil and gas firms in order to lure them to join the auction for 15 working areas amid sluggish investment in the … Continue reading →
Investment in the upstream oil and gas sector in the first half of 2017 reached US$3.98 billion, accounting for 29 percent of work program and budget set at US$13.8 billion, the Upstream Oil and Gas Regulatory Special Task Force (SKK … Continue reading →
The Indonesian economy is estimated to have grown at a slower pace in the second quarter than projected earlier due to a shift in the government and public spending to the third quarter, Bank Indonesia (BI) said. Public consumption still … Continue reading →