The Ministry of Public Works and Public Housing has approved 952 contracts for infrastructure improvements in Indonesia worth Rp6.43 trillion. Minister of Public Works and Public Housing Basuki Hadimuljono, said on Wednesday that at least 68 contracts out of the … Continue reading →
The government welcomes investments in the coal-gas conversion (gasification) industry. The Industry Ministry’s director general of chemical, textile and various industries (IKTA) Achmad Sigit Dwiwahjono said Indonesia’s gasification potential is huge, considering the country’s large volume of low-grade coal reserves. … Continue reading →
The Energy and Mineral Resources Ministry has officially launched a ministerial decree, which allows private companies to develop their own electricity grids that are separate from state-owned electricity firm PLN. On Monday, Energy and Mineral Resources Deputy Minister Arcandra Tahar … Continue reading →
Indonesia has been one of the most lucrative investment destinations in the Asia-Pacific, given the positive performance of the stock market and its stable currency. This is evidenced by foreign flows into the stock market reaching Rp28.76 trillion (US$2.22 billion) … Continue reading →
Foreign property developers, led by state-owned China Communication Constructions Group (CCCG), made the biggest investment in Jakarta’s residential property in nearly a decade this year as they bet on relaxed mortgage rules boosting demand. CCCG’s $1 billion eight-tower complex is … Continue reading →