The Finance Ministry recently issued a new ministerial decree regulating the management of funds for the geothermal sector by state-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI). The new decree stipulates that SMI will be able to supply funds … Continue reading →
State-owned lender Bank Negara Indonesia (BNI) has signed an agreement with 15 other banks to finance the construction of a 39.29-kilometer toll road from Pemalang to Batang—two cities in Central Jakarta. The syndicated loan agreement of the 16 banks was signed on … Continue reading →
State power company PLN plans to build a floating photovoltaic solar power plant in Cirata Reservoir, West Java. The company is now conducting a feasibility study together with a renewable energy developer from the United Arab Emirates, Masdar. PLN Planning … Continue reading →
The Investment Coordinating Board (BKPM) chairman Thomas Lembong expects US$5-10 billion investment in Indonesia (RI) in the next 1-2 years after ratings agency Standard & Poor’s (S&P) upgraded Indonesia’s credit rating. “It’s equal to Rp70-130 trillion investment in Indonesia thanks … Continue reading →
The Asia Development Bank (ADB) has reached an agreement on US$ 600 million (Rp 8 trillion) loan for Indonesia to improve its irrigation system. The project is aimed at strengthening food security and reducing the number of poor people in … Continue reading →