Dylan Amirio, The Jakarta Post, Jakarta | Sat, 11/28/2015 5:26 PM
Indonesia and Japan signed a loan agreement on Friday in which the East
Asian country has committed to providing ¥140.051 billion (US$1.14
billion) to support several infrastructure and energy projects in this
country, including Jakarta’s Mass Rapid Transit (MRT) system and an
electricity transmission network.
Raras Cahyafitri, The Jakarta Post, Jakarta | Sat, 11/28/2015 5:26 PM
ExxonMobil Indonesia has had to temporarily shut down an oil well at the
Banyu Urip field pending the completion of upgrade work, putting oil
production at 40,000 barrels a day, half of its full capacity, for the
next two weeks.
The Jakarta Post, Jakarta | Sat, 11/28/2015 5:26 PM
Share prices of publicly listed oil and gas company Medco Energi
Internasional plunged on Friday following discouraging reports regarding
the plan of its owner, Arifin Panigoro, to acquire a majority share of
the local unit of the US-based mining company Newmont Corp.
Anggi M. Lubis, The Jakarta Post, Jakarta | Sat, 11/28/2015 5:26 PM
State-run construction company Waskita Karya is set to have its precast
concrete subsidiary enter the bourse in the second half of next year,
with hopes the proceeds from the initial public offering (IPO) would
reach Rp 3.5 trillion (US$255.31 million), according to its top
Travel agents explain travel packages to visitors during the
Indonesia Travel Fair 2015 at the Jakarta Convention Center on Friday.
The fair will last until Nov. 28 as part of efforts to boost tourism in
Thejakartapost.com, Jakarta | Fri, 11/27/2015 8:17 PM
The Jakarta Composite Index (JCI) was down by 36.49 points or 0.79
percent to 4,560.56 at Friday’s closing, following the rupiah’s
depreciation. The index of the 45 most liquid stocks (LQ45) dropped 8.13
points (1.02 percent) to 787.03.
Dylan Amirio, The Jakarta Post, Sei Mangkei, North Sumatra | Fri, 11/27/2015 5:47 PM
Consumer goods giant PT Unilever has officially opened its first ever
oleochemical processing plant in the Sei Mangkei special economic zone
(SEZ) in Simalungun, North Sumatra, becoming the industrial zone’s
anchor investor and spurring hopes that it will boost economic growth in
Raras Cahyafitri, The Jakarta Post, Jakarta | Fri, 11/27/2015 5:35 PM
The development of the East Natuna gas block on northern Natuna Island,
off Sumatra, may take longer than expected as state-owned company
Pertamina, the operator of the gas block, is still working on several
issues with its partners.
Khoirul Amin, The Jakarta Post, Jakarta | Fri, 11/27/2015 5:25 PM
While the economy is predicted to experience better growth next year,
the government needs to stay cautious on account of possible challenges
stemming from moderate industry growth and “brain drain” owing to
regional economic integration, analyst and business player have said.
Raras Cahyafitri, The Jakarta Post, Cilacap, Central Java | Fri, 11/27/2015 5:23 PM
Upgrades on the Cilacap refinery and the resumption of the Trans Pacific
Petrochemical Indotama (TPPI) refinery have saved a billion US dollars
in foreign exchange spending on oil imports, which should ease pressure
on the current account as well as on the rupiah.
thejakartapost.com, Jakarta | Fri, 11/27/2015 4:35 PM
The Investment Coordinating Board (BKPM) has received a US$20 million
investment proposal from a foreign investor to run a cemetery park
development and burial service. The BKPM has not yet issued the license
due to uncertainties related to the monitoring process.
Ayomi Amindoni, thejakartapost.com, Jakarta | Fri, 11/27/2015 2:46 PM
A senior economist from the Center for Economics and Business Research,
Danae Kyriakopoulou, has praised the government for its recent economic
stimulus packages aimed at attracting long-term investment suitable for