Jul 24, 2015 | Industries, Market, News Group
Bank Indonesia (cenral bank) reported on Wednesday (July 22) that the government’s foreign loan rose 5.9% year-on-year to US$302.3 billion as of May 2015, compared to 7.7% growth in the previous month. The public sector’s foreign loan reached US$133.5...
Jul 24, 2015 | Industries, Market
Minister of industry Saleh Husin met Zhang Xinghai, president of Chongqing Sokon Industry Group Stock Co Ltd (China), in Jakarta Thursday (Jul 23). Sokon revealed its plan to build automotive manufacturing facility in Tangerang, Banten province. While details were not...
Jul 23, 2015 | Industries, Reviews
Taipei Times reported recently that Taiwan’s state-owned company CPC Corp was in talks with an Indonesian company to transfer one of its naphtha cracker complexes from Kaoshiung to Indonesia. The 25-year-old naphtha cracker in Kaohsiung is scheduled to close...
Jul 23, 2015 | Commodities, Industries, Market
It is a difficult year for commodities. No doubt. On Wednesday, World Steel Association released another depressing data for metals. June 2015 production of crude steel declined 2.4% from the same month last year. World crude steel production in the first six months...
Jul 23, 2015 | Industries, Politics
The Ministry of National Development Planning (Bappenas) has declared the Government of Indonesia’s main agenda of development in the 2016 Government Work Plan (RKP). Development in 2016 will focus on accelerating infrastructure growth. The Bappenas is still...
Jul 23, 2015 | Industries, Market, News Group
On Wednesday (July 22), the Government of Indonesia and the Commission XI of the House of Representatives (DPR) agreed on the set of macro economic indicators for 2016. The economic growth is set at 5.5-6%, lower than the government’s proposed 5.8-6.2%. The...
Jul 23, 2015 | Industries
The benchmark September 2015 contracts of crude palm oil (CPO) declined 0.45% to RM2206 per ton Wednesday (July 22) inline with the falling oil price. CPO contract rose 1.28% to RM2216 Tuesday (July 21). In Jakarta’s physical market, KPB Nusantara, the joint...
Jul 22, 2015 | Industries
Recent data from the Ministry of Public Works and Housing (PUPR) show that more than 93% of planned infrastructure projects in Indonesia have now been tendered, with contracts signed for more than half of these projects. This ministry received about 40% of the...
Jul 21, 2015 | Industries
Indonesia’s export revenue from mineral fuel (coal) in June reached US$1.25 billion, down 7.51% from the previous month. In the first six months of 2015, export revenues of coal dropped to US$8.7 billion, fell 21.74% from US$11.12 billion in the same period of...
Jul 20, 2015 | Industries, Politics
Jakarta Governor Basuki “Ahok” Tjahaja Purnaman told the press last week that President Joko “Jokowi” Widodo had agreed to hand over the development of the capital city’s Light Rail Transit (LRT) system to the Government of Jakarta...
