The government has called on private investors to help support its plan to electrify thousands of villages across the country in a bid to spur economic growth. Villages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo stated that around 13,000 … Continue reading →
Eleven local and foreign investors have shown their interest in taking part in the development and management of the biggest airport in Batam, Hang Nadim Airport. The project auction itself will be conducted by the end of 2017. “Among the 11 … Continue reading →
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 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 →