Following the arrest of Huawei director by Canada and intense scrutiny from USA and its allies over ties of Chinese tech companies to Beijing government, some sources told Reuters that Japan plans to ban government purchases of equipment from Huawei and ZTE Corp. Implications to Indonesian operation?
Read MoreThe Indonesian government plans to roll out the red carpet for investors in another attempt to attract direct investment, hence boost the macroeconomy, increase employment opportunities and combat poverty. In the 16th economic policy package, which was announced on 16 November 2018 – but is yet to be signed by Indonesian President Joko Widodo – three programs are included that should improve the nation’s investment climate, thus strengthen the economy.
Read MoreGlobal markets could continue to take a beating this week as investors have been fretting about uncertainty over U.S. trade relations with China, as well as the fact the economy looks to be growing more slowly, Reuters reported.
Read MoreConventional taxi operator Blue Bird (BIRD) plans to launch the initial public offering (IPO) for its two units in 2019; PT Pusaka Bumi Transportasi (PBT) and PT Iron Bird Logistic (IBL). PBT engages in heavy equipment business with the leading truck brand of Belaz, while IBL operates airline cargo, warehouses, transportation management, goods delivery service, and projects handling.
Read MoreThe Government of Indonesia has been working on revising the regulation on mineral and coal mining business so as to address matters concerning soon-to-be-expired coal contract of work (PKP2B). Indonesia’s Ministry of Energy and Mineral Resources (ESDM) recently told the press that the revised regulation has passed the stage of harmonization (cross-checking with existing laws and regulations). The draft has been forwarded to the State Secretary, after which it will go to President Joko Widodo for signing.
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