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An energized investment climate

The past 12 months has been fascinating as the government cleared up pending issues for major projects in the country. Divestment of shares and extension of contracts paved the way for Freeport’s US$10 billion projects in Grasberg, Papua (underground mining) and Gresik, East Java (copper smelter). Yesterday, President Joko Widodo witnessed the delivery of approval for revised plan of development for US$20 billion Masela project to Inpex CEO. This also paves the way for US$2 billion petrochemical project onshore of Maluku province.

Business

An energized investment climate

The past 12 months has been fascinating as the government cleared up pending issues for major projects in the country. Divestment of shares and extension of contracts paved the way for Freeport’s US$10 billion projects in Grasberg, Papua (underground mining) and Gresik, East Java (copper smelter). Yesterday, President Joko Widodo witnessed the delivery of approval for revised plan of development for US$20 billion Masela project to Inpex CEO. This also paves the way for US$2 billion petrochemical project onshore of Maluku province.

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Erajaya to Be More Expansive on Stores/Shops

ICT retailer Erajaya Swasembada (ERAA) will be more expansive this year in adding new stores, targeting 330 new shops, compared to 220 shops in 2018. It has on June 17, 2019 obtained loan payment extension and additional loan...

Sri Rejeki Focuses on Normalization of Production Capacity

Garment and textile producer Sri Rejeki Isman (SRIL) focuses in normalizing its production capacity, accelerating it, also production efficiency, part of strategy for boosting its earning performance. After acquiring two textile...

PT PP to Accelerate Investment

State construction firm PT PP (PTPP) will accelerate investment process for projects pipeline in the infrastructure sector such as toll road, dam, port, and airport. For engineering, procurement, and construction (EPC) remain...

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Profiles

Bakrie Group’s Pending Issues with the State

Official website of cabinet secretary (setkab.go.id) posted an article about commitment from ministry of finance to collect Rp1.76 trillion of payments from Bakrie-related entities PT Minarak Lapindo Jaya/Lapindo Brantas Inc related to the bridge financing of hot mudflow disaster in Sidoarjo, East Java.

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