The government stood firm on its target of a 5.2 percent economic growth target this year despite plans to cut unnecessary spending, a minister said. “The so-called ‘self-blocking’ should not disturb efforts to accelerate economic growth in the second half,” … Continue reading →
State energy company Pertamina is preparing a preliminary study on two oil fields in Iran to secure energy supply for Indonesia over the next decade. Exploration of Iranian petroleum areas might increase the company’s reserve by 5 billion barrels. The study is part of … Continue reading →
State-builder PP, better known as PTPP, plans to invest Rp 60 trillion ($4.5 billion) in electricity power plant generation projects until 2020, its chief said recently. The builder, which has been one of the major players in Indonesia’s construction, sector plans … Continue reading →
The government has decided to revise the 2016 state budget, according to the result of a plenary cabinet session held on Wednesday. “The finance minister has proposed the revision of the 2016 state budget although it still has five months … Continue reading →