Category: News Group
Prabowo’s 2025 First Year Economic Growth Set at 5.1%-5.5%
The DPR RI Budget Body and the government have agreed on a target for Indonesia’s economic growth in the range of 5.1%-5.5% in 2025 or the first year of President-elect Prabowo Subianto’s government. In line with...
Read MoreFreeport Has Concentrate Export Permit until the End of 2024
PT Freeport Indonesia (PTFI) has obtained export approval for copper concentrate and anode mud from the Indonesian government until December 2024. The export permit was obtained following the operation of PTFI’s new...
Read MoreHutama Karya Obtains Rp131.14 Trillion State Funds
State construction firm PT Hutama Karya (Persero) obtained state capital participation (PMN) of Rp131.14 trillion from 2015 to 2024. EVP Corporate Secretary Hutama Karya Adjib Al Hakim said Hutama Karya also received a...
Read MoreJasindo’s Assets Reaches Rp14.45 Trillion
Insurance firm PT Asuransi Jasa Indonesia (Jasindo) reported premium income of Rp1.24 trillion as of May 2024, an increase of 56.65% on an annual basis (unaudited). According to the company’s financial report released on...
Read MoreRMK Energy (RMKE) Issues Rp1.5 Trillion Bonds for Expansion
RMK Energy (RMKE) will issue bonds amounting to Rp1.5 trillion in the near future which will be used for expansion outside South Sumatra. RMKE Investor & Public Relations Julius Caesar Samosir said the issuance of rupiah...
Read MoreGovernment Ensures No Electricity Tariffs in July
The government will maintain electricity tariffs in the third quarter (Q3) of 2024 or July-September 2024 for non-subsidized and subsidized customers. There is no price increase. Meanwhile, in accordance with the provisions in...
Read MoreSaka Energi Targets 8.4 Million Barrels of Oil Equivalent
PT Saka Energi, subsidiary of state gas distributor Perusahaan Gas Negara (PGAS) or PGN, targets oil and gas lifting to reach 8.4 million barrels of oil equivalent (MMBOE) this year, lower than last year’s 9.2 MMBOE due...
Read MoreFreeport’s Giant Copper Smelter Starts Operation
PT Freeport Indonesia (PTFI)’s new copper smelter operation at Java Integrated Industrial and Ports Estate (JIIPE), Manyar, Gresik, East Java will be inaugurated today (June 27). President Director of Freeport Indonesia...
Read MoreOrmat Attracted to 2 PLN Geothermal Blocks in NTT & South Halmahera
A geothermal specialist company from the United States, Ormat Technologies (Ormat) is attracted to the investment opportunity with PT Perusahaan Listrik Negara (PLN). Through PT Ormat Geothermal Indonesia, Ormat is negotiating...
Read MoreRupiah Stability Remains in Intact
BI also reported that the rupiah stability remains intact in line with the policy commitment instituted by BI. Rupiah stability in June 2024 (as of 19th June 2024) has been maintained, despite losing 0.70% (ptp) in value after...
Read MoreGlobal Financial Market Uncertainty Remains High
The central bank, Bank Indonesia (BI), said the global financial market uncertainty remains high despite a stronger world economic outlook. Global economic growth in 2024 is projected to exceed the initial projection, reaching...
Read MoreMoney Supply Grows Higher in May 2024
Economic liquidity or money in circulation in a broad sense (M2) in May 2024 grew 7.6% year on year (y/y), higher than the growth in the previous month of 6.9% y/y, mainly influenced by developments in credit distribution and...
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