Robust Investment Outlook (11)
Indonesia will likely see more investments in the processing of natural resources, including minerals. MCC22 Group, member of Metallurgical Corporation of China Ltd (MCC), has on January 27th, 2018 signed a contract with Indonesia Dexin Steel & Iron Co Ltd for the construction of 3.5 million tons per annum steel and iron plant in Sulawesi Island.
Walk The Talk: Chemical Projects
The biggest irony is that Indonesia, which has everything from coal to gas, has naphtha cracker with design capacity of 900,000 tons per annum only. Singapore, on the other hand, has capacity to produce 3.8 million tons, while Thailand reached 5 million tons per annum.
Infrastructure Projects & Construction Companies (2)
Muhammad Awaluddin, CEO of Angkasa Pura II, the state company managing Soekarno-Hatta International Airport (SHIA) in Jakarta, said recently that construction of the long-delayed third runway will start end of this month even if only 90 out of 216 hectares land have been acquired.
Infrastructure Projects & Construction Companies (1)
Thousands of people participated in fun bike event at Solo-Kertosono toll road Sunday (Feb 4) as part of the operator’s efforts to communicate progress of the project. As of this week, physical construction already reached 95%, closer to commercial operation scheduled in the coming weeks.
Infrastructure Journal
Massive physical construction of New Yogyakarta International Airport (NYIA) in Kulon Progo is set to start this quarter or early second quarter as 98.15% of land needed (587.3 hectares) have been acquired. Angkasa Pura I, the state airport management company, spends Rp4.13 trillion for land acquisition alone.
Revisiting Indonesia-India Relationship
President Joko ‘Jokowi’ Widodo and India Prime Minister Narendra Modi held bilateral meeting in New Delhi, India Thursday (Jan 25). Both leaders agree to take Indonesia-India relationship to a new level, details of which will hopefully be discussed further later this year in Jakarta. India is currently the fourth largest trading partner for Indonesia in non oil and gas products behind China, Japan, and the United States of America.
Robust Investment Outlook (2)
Indonesia started 2018 with significantly more positive news in investments. Other than significant investment by Google in ride-hailing brand Go-Jek, we recorded investment initiatives by companies in various sectors, including energy, mineral processing, and petrochemicals.
Belt & Road Initiative in Indonesia (2)
Indonesia has offered investment opportunities in four provinces under the Belt & Road Initiative, including infrastructure projects (port, airport, toll road, special economic zones, tourism areas). To get better understanding about the issue, we interviewed Tamba Parulian Hutapea, deputy head of BKPM, on OBOR/SRF projects in Indonesia.
Belt & Road Initiative in Indonesia (1)
Last August, China and Islamic country Pakistan signed a series of agreements to push forward US$62 billion worth of joint development projects spanning power, transport, industry, and services. In late November, however, South China Morning Post reported that Pakistan decided to pull out of the US$14 billion Diamer-Bhasha dam with China because it refused to accept the strict deal conditions. How about Indonesia?
Robust Investment Outlook
Lotte Chemical might eventually start construction of its US$3.5 billion petrochemical complex in Banten province this year. Lotte has quietly conducted public consultation for the submission of environmental impact analysis (AMDAL) of the long-delayed project. Achmad Sigit Dwiwahjono, director general of chemical, textile, and misc industries at ministry of industry, told us recently that Lotte is now waiting final recommendation for the port facilities.