May 19, 2016 | Industries, Market, News Group
Finance Minister Bambang Brodjonegoro reiterated the Government’s commitment to reform the bureaucracy for the sake of boosting economic growth. The Government, Bambang said, wanted to boost the investment as the growth engine for the economy, instead of relying...
May 18, 2016 | Industries, Market
Most of investment commitments announced by South Korean investors during the visit of President Joko ‘Jokowi’ Widodo were in energy infrastructure. Five of them are in the manufacturing sector, including Daewoong Pharmaceutical’s commitment to...
May 18, 2016 | Industries, Market, News Group
PT Rajawali Corpora is still negotiating the sales of 37% shares of PT Eagle High Plantations Tbk (BWPT) to Felda Group. Felda aims to acquire BWPT’s shares this year. The closing of the deal has been postponed several times, raising the speculation that...
May 18, 2016 | Industries, Market
A South Korean garment and footwear company is currently building factory in Jepara Regency, Central Java province with US$120 million of investment. The factories, expected to start commercial operation in September this year, will absorb 20,000 workers. Another...
May 18, 2016 | Industries, Market, News Group
On Tuesday (May 17), the Central bank (Bank Indonesia/BI) reported that Indonesia’s external debt amounted to US$316.0 billion at the end of Q1/2016 (it grew by 5.7% (yoy)). The figure is relatively stable compared to Q4/2015 growth. Based on original maturity,...
May 18, 2016 | Industries, Market, News Group
Asian shares stepped back on Wednesday after strong U.S. inflation data and comments from Federal Reserve officials rekindled the prospects of the central bank raising rates later this year, Reuters reported. Wall Street sold off on Tuesday after U.S. consumer prices...
May 17, 2016 | Industries
The national housing market has not recovered. It weakened in the first quarter of 2016, after growing in the fourth quarter of 2015. The Sector’s performance declined 23.1% in the first quarter of 2016 compared to previous quarter, and dropped 54.09% from the...
May 17, 2016 | Industries, Market, News Group
The Indonesian Government and the Islamic Development Bank (IDB) are to develop a cooperation for next 5 years valuing of US$5.2 billion. The IDB has committed US$871 million for 3 projects in Indonesia: improvement on housing for the poor, the development of 4...
May 17, 2016 | Industries, Market
Opened its first Bibigo restaurant three years ago at Pacific Place Mall, Jakarta, CJ Group seeks an expansion to strengthen its position in Indonesia’s consumer market. The group has been expanding its Tous les Jours bakery shops to 20 outlets in four years of...
May 17, 2016 | Industries, Market
Visiting President Joko ‘Jokowi’ Widodo met Shin Kyuk-Ho, founder of Lotte Group, and Shin Dong-bin, CEO of Lotte Group, in Seoul Monday (May 16). In the meeting, Lotte expressed its intention to invest more in Indonesia, especially in retail, movie &...
