The government will auction off six geothermal projects worth $1.02 billion in September to expand Indonesia’s renewable energy capacity as part of its plan to become the world’s largest geothermal producer. Local companies and foreign investors from the United States, … Continue reading →
The government will pitch East Natuna block to investors following the withdrawal of contractor Exxon from a consortium comprising state-owned Pertamina and Thailand-based PTT EP. “We will offer it to anyone interested. Whoever shows interest in East Natuna [will be] more than … Continue reading →
Transport Minister Budi Karya Sumadi has asked Japan to speed up implementation of the Patimban port project in Subang, West Java. “We know the port is very important. Japan always is very careful in taking every step in a cooperation … Continue reading →
Investment in human capital and fairer wealth distribution through state budget is prerequisite to Indonesia’s development, Finance Minister Sri Mulyani Indrawati said on Tuesday (25/07). “Investing in human capital cannot wait … It’s not about how much money, but how it is spent,” … Continue reading →
The World Bank has raised concerns over the domination of state-owned enterprises (SOEs) in Indonesia’s infrastructure sector, saying the situation deters private sector investments. With 245 infrastructure projects in the pipeline, Indonesia should have served as an attractive destination for … Continue reading →