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Thursday, May 24, 2018
JAKARTA (TheInsiderStories) - Minister of Energy and Mineral Resources Ignasius Jonan has mentioned the value of the 51 percent stake to be divested by PT Freeport Indonesia (PTFI) to be worth around US$4 billion. He stated that U.S mining and copper giant Freeport McMoran Inc. (FCX) is valued at $20.74 billion on...
JAKARTA (TheInsiderStories) – With only a couple of days left before the New Year, Finance Minister Sri Mulyani Indrawati expressed her doubt that the country’s economic growth would reach the 5.2 per cent target set by the government in the State Budget of 2017. She projected the country’s economic growth...
JAKARTA (TheInsiderStories) - The Indonesian Energy and Mineral Resources Ministry has issued Ministerial Decree No. 52/2017 on oil and gas contracts, based on a ‘gross split’ scheme. This regulation becomes effective on 29 August 2017. Under Energy and Mineral Resources Ministry Regulation No. 38/2015, the government will promote three types of cooperative...
JAKARTA (TheInsiderStories) - State-owned railway company PT Kereta Api Indonesia (KAI) and state-owned construction company PT Adhi Karya Tbk (IDX:ADHI) on Tuesday (19/12) signed contract amendment to develop the Rp29.9 trillion Light Rail Way (LRT) connecting Jakarta and its satellite cities - Bogor, Depok and Bekasi. The contract amendment was...
JAKARTA (TheInsiderStories) - Indonesia is making major investments in the expansion and modernization of its overburdened infrastructure. Ambitious road and rail projects along with the construction of additional power plants will help the fast-growing economy and population become more efficient. In the past decades, most foreign investment to Indonesia went...
JAKARTA (TheInsiderStories) - The countdown to mark 25 years of India's ties with the 10-member Association of Southeast Asian Nations (ASEAN) began today. India will host the ASEAN-India Commemorative Summit in New Delhi on Jan 25 - 26. The Indonesian President Joko Widodo is scheduled to arrive on Thursday (26/1). The world leaders...
JAKARTA (TheInsiderStories) – The construction of the first track of the Jakarta-Surabaya semi-high speed train project commences next year, announced Minister of Transportation Budi Karya Sumadi on Sunday (8/10). The two-phase project is estimated to require an investment of Rp80 Trillion (US$5.97 billion). “The initial estimated cost for the construction of...
JAKARTA (TheInsiderStories) – The island of Bali, Indonesia's top tourist destination, has been struggling to deal with the eruption of Mount Agung last week, and has the potential of inflicting losses of up to Rp2 trillion (US$147.8 million) on the tourism industry, according to Indonesia Minister of Tourism Arief...
JAKARTA (TheInsiderStories) - Indonesian Government has released PT Mass Rapid Transit Jakarta (MRT Jakarta) map trace of the second phase railway to connect Hotel Indonesia circle to Kampung Bandan Railway Station located on the border of North and Central Jakarta. President Director of MRT Jakarta William Sabandar told reporters on Tuesday (27/02), the MRT phase-two...
JAKARTA (TheInsiderStories) - Investment in the oil and gas sector in Indonesia during the first half of this year reached US$4.8 billion or decline compared to the same period last year of US$5.6 billion, the ministry of energy and mineral resource (MEMR) announced. The decline is in line with the...

Latest article

Indonesia Go-Jek Prepares US$500M to Enter SEA Market

JAKARTA (TheInsiderStories) - Indonesia's on-demand services and ride-hailing company Go-Jek announced that it will invest about US$500 million to enter into four new markets...

U.S Overtakes Hong Kong at First Place Ammong World’s Most Competitive Economies

Lausanne, Switzerland –   The top five most competitive economies in the world remain the same as in the previous year, but their order changes,...

Indian Premier Modi to Visit Indonesia Next Week

JAKARTA (TheInsiderStories) - Indian Prime Minister Narendra Modi is all set to travel to Indonesia on May 29 in his first ever visit to...

PTBA Secures US$1.26B Loans from China Exim Bank

JAKARTA (TheInsiderStories)--PT Huadian Bukit Asam Power (HBAP), a joint venture power company between PT Bukit Asam Tbk (PTBA) and PT China Huadian Hongkong Company...

Bank Indonesia to Set Standards on QR Code Payment

JAKARTA (TheInsiderStories)--Bank Indonesia plans to launch the Quick Response (QR) code payment standardization by the end of this month, delayed from the initial plan...

Is Indonesia’s Education Budget Keeping Up with Industry 4.0?

JAKARTA (TheInsiderStories)— While the Indonesian government had set a 20 per cent mandatory allocation of the state budget to education, it remains to be...