Three state-owned banks will help fund the Tangguh Train 3 LNG project in Bintuni Bay, West Papua. Bank Mandiri, Bank Negara Indonesia (BNI), and Bank Rakyat Indonesia (BRI) and a private non-bank firm Indonesia Infrastructure Finance are committed to provide … Continue reading →
Indonesia’s economy likely expanded only slightly faster in the second quarter than the first, a Reuters poll showed, highlighting challenges policymakers face getting the resource-dependent country onto a faster growth track. The median forecast of 16 analysts in the poll … Continue reading →
State-owned energy giant PT Pertamina announced on Monday the acquisition of France-based oil company Maurel et Prom with the purchase of 24.53 percent of its shares from Pacifico. Pertamina vice president of corporate communications Wianda Pusponegoro said the acquisition was part of … Continue reading →
Coordinating Minister for Economic Affairs Darmin Nasution said Indonesia is ready to explore the possibilities of establishing economic cooperation with France as one of the country’s trading partners.”I believe that the economies of Indonesia and France complement each other,” the … Continue reading →
Indonesia’s annual inflation rate in July eased slightly from the previous month, the country’s statistics bureau said on Monday (1/8). The consumer price index (CPI) rose 3.21 percent on a yearly basis, the bureau said, compared with 3.45 percent in … Continue reading →