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The Asian Development Bank (ADB) has signed a deal for a US$44.2 million blue loan for PT ALBA Tridi Plastics Recycling Indonesia, the Indonesian subsidiary of ALBA Group Asia, to establish a polyethylene terephthalate (PET) recycling facility in Central Java.
Inflation across the vast region stretching from the Cook Islands in the Pacific to Kazakhstan in Central Asia was expected to gather pace as countries bounced back from the pandemic, and energy and food costs rose, it said.
Indonesia’s Job Creation Law may facilitate investment and help revive the economy, but relaxed environmental regulation and widespread protests by labor unions could discourage foreign investors and limit the law’s benefits, Moody’s Investor Service has said.
