The World Bank’s board of executive directors has approved $55.25 million in grants to support geothermal energy projects in Indonesia with the aim to facilitate investment in geothermal power generation. “Insufficient energy holds back Indonesia’s growth potential and limits the … Continue reading →
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 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 →
The government will open an international competitive bidding (ICB) to determine the contractor for the Patimban International Port project in Subang, West Java. The bidding is open to foreign investors as the Rp43-trillion project is partly funded by loose credit. … Continue reading →
The government plans to revise 20 regulations pertaining to logistics in the planned 15th economic stimulus package. Transportation Minister Budi Karya Sumadi said the regulations would mainly address capital, non-tax state revenue and dwell activities in domestic logistics. “We are … Continue reading →