The Bitung special economic zone (KEK) in North Sulawesi Province will begin operations in May this year. The Bitung KEK administrator was ready to hand over the zone to a regional government-owned company (BUMD) for starting the operations, Jenny Karouw, … Continue reading →
President Joko Widodo (Jokowi) said Indonesia needs to do more, and provide greater facilities to attract foreign investors to the country. The president cited investment which he described as insignificant in amount by Saudi Arabia in Indonesia compared with in … Continue reading →
The Jakarta property market, especially the market for office and residential properties, has continued to slow down due to weak demand since 2015. In the first quarter of 2017 the rent for Grade A offices in the central business district … Continue reading →
Coordinating Coordinating Minister for Maritime Affairs and Resources Luhut Panjaitan said a French state company Vinci Construction Grands Projets has signed a cooperation agreement with the state owned PT Indonesia Tourism Development Corporation (ITDC) on development of integrated tourism in … Continue reading →
The World Bank has approved a new loan of US$200 million for Indonesia to help finance the countrys infrastructure projects. The loan fund would be used to support PT Indonesia Infrastructure Finance (IIF), a non bank private institution,” chief representative … Continue reading →