Construction of a petrochemical plant, slated to become one of the world’s largest, in the Kuning-Mangkupadi Indonesian Green Industrial Estate (KIHI), Tanjung Palas Timur District, Bulungan Regency, North Kalimantan province, is scheduled to start next year.

Shares of Chandra Asri (TPIA), the country’s largest petrochemical company, have fallen from peak at Rp10,750 in early April to as low as Rp2,440 on Monday (Oct 31) to make a market capitalization of Rp52.8 trillion in line with the weakening bottom line. 

The future of the new capital city Nusantara in East Kalimantan province might be one of the biggest concerns of President Joko “Jokowi” Widodo, whose term will end October 2024. While State Budget for the project will increase significantly next year and that construction has progressed super fast for some government buildings, some are still worried about post-2024.

Ministry of information and communication has confirmed physical construction for the first national data center (NDC) in Bekasi Regency, West Java province next month. This will be followed with the second NDC in Batam Island, Riau Islands province.

The long awaited Kukusan-Cinere (5.5 KM) section of Cinere-Jagorawi toll road, which will connect the Jakarta Outer Ring Road-2 (JORR) and Jakarta-Bogor-Ciawi (Jagorawi), might not be completed as planned this year, but land acquisition progress gave public optimism. 

Luhut Binsar Panjaitan, Coordinanting Minister for Maritime and Investment Affairs, confirmed that President Joko “Jokowi” Widodo and Chinese President Xi Jinping will be on board of the train test for the Jakarta – Bandung high-speed train (HST) on November 16, 2022.

President Joko “Jokowi” Widodo already inaugurated commercial operation of the Danowudu-Bitung section as part of the Manado-Bitung toll road in North Sulawesi, thus bringing the construction of the 39.8 kilometers toll road to completion. The toll road will make it easier for people/goods to travel between the two cities, or from Manado to Bitung International Port, and vise versa. 

Data center industry continues to attract foreign investors. Equinix, a digital infrastructure company, has recently announced its expansion in Indonesia with plan to establish International Business Exchange (IBX) data center in Jakarta with US$74 million of...

President Joko ‘Jokowi’ Widodo has on Monday (October 3) kicked off construction of plastic pipe plant worth US$125 million from PT Wavin Manufacturing Indonesia. This is only one of tens of companies already in physical construction phase in the so-called Batang Integrated Industrial Estate (BIIE).