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 →
Last week, the Indonesian economy surprised observers and policymakers alike with its strongest growth in the last ten quarters. But for Michael Hasenstab, the chief investment officer at global fund manager Franklin Templeton Investments, that may be just a small … Continue reading →
Taufik Widjoyono, secretary general of the Public Works and Public Housing Ministry, said that the government had conducted a number of reforms in relation to regulations in a bid to encourage private involvement in infrastructure projects. Among the regulation reforms … Continue reading →