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Category Archives: Indonesia Economy

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Aramco, Pertamina Sign Agreement Following King Salman Visit

PT VUI : Doing Business in Indonesia Posted on March 2, 2017 by Herlina HoMarch 2, 2017

King Salman bin Abdulaziz al-Saud State-owned met with President Joko Widodo at the Bogor Palace yesterday. In the meeting, Saudi Aramco agreed to invest USD6 billion or roughly IDR80.1 trillion. Foreign Minister Retno Marsudi said that Jokowi has welcomed the … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Investment, Indonesia Oil & Gas | Tagged Indonesia Economy & Business, Indonesia Finance, Indonesia Investment, Indonesia oil & gas

World Bank Approves $125 Million to Finance Indonesian Dams

PT VUI : Doing Business in Indonesia Posted on March 1, 2017 by Herlina HoMarch 1, 2017

The World Bank has approved $125 million in financing to support the government’s project aimed at upgrading dams across the country, which will have an impact on about 11 million people living around the sites. The second phase of the Dam … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Finance, Indonesia Investment | Tagged Indonesia Economy & Business, Indonesia Finance, Indonesia Investment

Trade ministry prepares strategy to raise non-oil/non-gas exports

PT VUI : Doing Business in Indonesia Posted on March 1, 2017 by Herlina HoMarch 1, 2017

The Indonesian Trade Ministry is preparing a strategy to increase non-oil/non-gas exports by 5.63 percent this year by encouraging the export of South Sulawesi provinces key commodities, among others. The strategy includes encouraging synergy among the central government, regional administrations, … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Exports, Indonesia Investment, Indonesia Trade | Tagged Indonesia Economy & Business, Indonesia Investment, Indonesia non-oil & gas exports, Indonesia Trade

Indonesia reinforces economic partnership with Iran

PT VUI : Doing Business in Indonesia Posted on February 28, 2017 by Herlina HoFebruary 28, 2017

The Indonesian government is committed to strengthening economic partnership with Iran as is reflected by the visit of Indonesias Chief Economic Minister Darmin Nasution along with his entourage on February 26-27, 2017. The office of the chief economic minister noted … Continue reading →

Posted in Indonesia Business, Indonesia Economy, Indonesia Finance, Indonesia Investment, Indonesia Oil & Gas, Indonesian Energy & Mineral Resources | Tagged Indonesia Economy & Business, Indonesia Energy & Mineral Resources, Indonesia Investment, Indonesia oil & gas

Government to issue regulation on online shops

PT VUI : Doing Business in Indonesia Posted on February 28, 2017 by Herlina HoFebruary 28, 2017

The government is considering issuing a regulation to support the “Safe Harbor Policy” that was introduced in December last year to give legal protection to online shops against the sale of illegal goods by their merchants. Communication and Information Minister … Continue reading →

Posted in Indonesia Business, Indonesia e-commerce, Indonesia Economy, Indonesia Investment | Tagged Indonesia E-Commerce, Indonesia Economy & Business, Indonesia Finance, Indonesia Investment

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