Social networking giant Facebook has received an in-principle approval to set up a domestic unit in Indonesia and the government is now processing the details, the country’s investment chief said on Wednesday (21/06). Indonesia has been pushing multinational technology firms … Continue reading →
– Apple Inc. plans to build a research and development (R&D) center or as they call it, an innovation center, in the Green Office Park complex at Bumi Serpong Damai (BSD) in South Tangerang. “It will be similar to other … Continue reading →
Indonesia is set to revise the country’s negative investment list pending a technical meeting to be organized by the Coordinating Economic Ministry. Regarding the new list, Economic Coordinating Minister Darmin Nasution hinted that there would be no change in the … Continue reading →
A deficit in the 2017 state budget is expected to widen to 2.6 percent from the targeted 2.41 percent of the gross domestic product (GDP) due to extra priority spending, Finance Minister Sri Mulyani Indrawati said. “We are likely to … Continue reading →
Indonesia and China have agreed to invest in industrial zones outside Java. Companies from both countries last week signed agreements to invest in Morowali industrial area in South Sulawesi worth US$1.63 billion or Rp21 trillion. That includes investment commitment through … Continue reading →