The Jeddah-based Islamic Development Bank (IDB) last weekend approved a financing deal worth US$488 million to support infrastructure development and education in Indonesia. Of the total, $250 million will be used to develop Java’s southern coastal road (Pansela) to increase … Continue reading →
The Indonesian government released another policy package called the “Economic Justice Policy” aimed at improving welfare and reducing inequality in the country on Tuesday (31/01). The package contains policy reforms in three areas, including the land and agriculture sector, access … Continue reading →
The Investment Coordinating Board (BKPM) has launched a three-hour service for obtaining nine licenses connected to energy and mineral resources. The government is encouraging large investments in the energy and mineral resources sectors this year, said BKPM head Thomas Lembong. … Continue reading →
State-owned oil and gas firm PT Pertamina hopes it will see the groundbreaking of the development of three oil refinery plants in 2017, notably RDMP RU V Balikpapan, NGRR Tuban and RDMP RU IV Cilacap. “We hope that the groundbreaking … Continue reading →
The Energy and Mineral Resources Ministry has signed off on contracts for 134 procurement of goods and services packages for the first phase of the 2017 state budget. The packages are worth a total Rp 284 billion (US$21.3 million). Energy … Continue reading →