Indonesia has been one of the most lucrative investment destinations in the Asia-Pacific, given the positive performance of the stock market and its stable currency. This is evidenced by foreign flows into the stock market reaching Rp28.76 trillion (US$2.22 billion) … Continue reading →
The government will continue its program to develop 1 million houses this year, taking into account significant backlog in the program. Public Works and Housing Minister Basuki Hadimuljono said the government built 805,169 houses in 2016, compared to 699,770 houses … Continue reading →
Foreign property developers, led by state-owned China Communication Constructions Group (CCCG), made the biggest investment in Jakarta’s residential property in nearly a decade this year as they bet on relaxed mortgage rules boosting demand. CCCG’s $1 billion eight-tower complex is … Continue reading →
The central government will build a 10-megawatt (MW) capacity gas power plant in the Morotai Island Regency, North Maluku, to meet the electricity demand in the area. “Construction of the power plant will be started this year after we meet … Continue reading →
As the end of the year approaches, the government could look back happily at a host of policy reform packages in the past two years that have met some of its goals in improving investment climate by introducing simpler regulations, easier … Continue reading →