Credit rating agency Fitch Ratings has affirmed Indonesia Sovereign Credit Rating at BBB- with a Positive Outlook. The major rating drivers were low government debt burden, positive outlook for growth and limited sovereign exposure to banking-sector risks with weak – but … Continue reading →
The House of Representatives (DPR) Commission VI that oversees state-owned enterprises has approved Rp4 trillion more state capital injection (PMN) for state-owned railway company PT Kereta Api Indonesia (KAI) to develop light rail transit (LRT) project covering Jakarta, Bogor, Depok … Continue reading →
The Swiss Government has provided a grant of US$75 million for Indonesia to support the countrys economic development. The Swiss Government wants to continue and maintain technical support for Indonesia, Swiss Economic, Education and Research Minister Johann Schneider-Ammann said after … Continue reading →
Chinese stainless steel giant Tsingshan Holding Group has expressed interest in building a US$28 billion integrated ferronickel complex in Tanah Kuning Industrial Park in Indonesia’s youngest province, North Kalimantan. Industry Ministry’s industrial estate development director general Imam Haryono said Tuesday … Continue reading →
Indonesia posted US$1.63 billion trade surplus in June. The country’s total export last month amounted to US$11.64 billion and total import was US$10.01 billion. According to the Central Statistics Agency (BPS) head Suhariyanto, the trade surplus in June was attributable … Continue reading →