Sep 8, 2015 | Industries, Law, Market, Reviews
President Joko ‘Jokowi’ Widodo has on September 2nd, 2015 signed Regulation No 98/2015 about Acceleration of Integrated Light Rail Transit (LRT) in Jakarta, Bogor, Depok, and Bekasi. The regulation allows utilisation of existing toll road and public roads...
Sep 7, 2015 | Industries, Market, News Group
The rupiah weakened to Rp14,178 against the US dollar on Friday last week (Sep. 4). But Bank Indonesia (BI) predicts the local currency would recover ahead of the decision on the US Fed Rate, expected to happen this month or next month. Rahmatullah Sjamsudin,...
Sep 7, 2015 | Industries, Law
President Joko “Jokowi” Widodo recently released the Government Regulation (PP) No. 64/2015 to amend the PP No. 61/2009 on Port. The amendment is supposedly a part of Jokowi’s plan to to speed up the development of port infrastructure. But if we look into...
Sep 7, 2015 | Industries, Market, Reviews
Indonesia Airasia has until the end of this month to fix its negative equity. Else the airline won’t be allowed to have new routes, and worse, its license can be revoked. Airasia is not alone, but the airline’s financials worsened significantly in the...
Sep 6, 2015 | Industries, Market, Reviews
University of Malikusaleh in Aceh Province has just kicked off construction of Rp400 billion worth of hospital for education and public services this week. State Islamic University of Jakarta has earlier started construction of Rp217 billion training centre in...
Sep 5, 2015 | Industries, Market, Reviews
The government has on Friday (Sep 4) signed toll road business agreement (PPJT) with three companies to develop 171 KM length in the period of 2016-2018. With the PPJT, field construction of these toll roads can be started at full speed. PPJTs signed were as follows:...
Sep 4, 2015 | Industries, Market, Reviews
After 16 years of delay, the government will soon start to flowing water into the Nipah Reservoir in Sampang, Madura Island. This follows the government’s success in Jatigede Reservoir, which has recently been operated after more than five decades of...
Sep 4, 2015 | Industries, News Group
Chairman of the Investment Coordinating Board (BKPM) Franky Sibarani told the press on Thursday (Sept. 3) that the realization of investment in infrastructure sector, especially electricity, was on the uptrend during the first half of 2015. He noted that some 226...
Sep 4, 2015 | Industries, Law, Market, Reviews
The Ministry of Transportation (Kemenhub) declared eight airlines yet to comply the minimum aircraft ownership requirements mandated by the Law No. 1/2009 on Aviation and accordingly might lose their Air Transport Business License (SIUAU) next month. The eight...
Sep 3, 2015 | Commodities, Industries
PT Newmont Nusa Tenggara’s (NNT) concentrate export permit extension request is still being reviewed by the Ministry of Energy and Mineral Resources ESDM). The Ministry is determining whether or not NNT’s request has come with all the requested...
