JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today:
Indonesia Foreign Debt Totaled Rp3,938 Trillion at end 2017
Indonesia’s foreign debt at end of 2017 has reached Rp3,938 trillion, representing 29.2 per cent of Gross Domestic Product (GDP), Director General for Financing and Risk Management at the Finance Ministry Luky Afirman said. The value of the debt rose from Rp3,466 trillion at end 2016.
MRT Project to be Completed in February 2019
The developer of Mass Rapid Transit (MRT) project, PT MRT Jakarta, said the project is on track and is scheduled to be completed in February next year, the company’s President Director William P. Sabandar said. The company plans to conduct trial of the MRT, which links Lebak Bulus in South Jakarta and HI Roundabout in Central Jakarta, at end of this year.
Pelindo IV planning to Issue Rp5 Trillion Bonds in 2018
State port operator Pelindo IV plans to raise Rp5 trillion through issuing bonds valued at Rp5 trillion this year. The proceeds of the bonds will be used to refinance existing bank loans as well as upgrade supporting facilities at the existing ports that are operated by the company, Director for Facilities and Equipment of Pelindo IV Farid Padang was quoted by Bisnis Indonesia as saying.
Pertamina makes First Crude Shipment from Mahakam
PT Pertamina Hulu Mahakam (PHM), the new operator of the Mahakam oil and gas block off East Kalimantan, has made its first crude oil shipment to serve a refinery owned by its sister company, PT Pertamina Integrated Supply Chain (ISC), in the provincial capital Balikpapan, The Jakarta Post reported.
The first shipment on Friday indicated that the handover of Mahakam Block’s management from France’s Total E&P Indonesie and Japan’s Inpex Corporation had run smoothly, said Pertamina ISC temporary general manager John Anis.
“It [the shipment] is also a form of our support to fulfill the country’s energy needs. PHM will ship all of our crude oil and condensate to a domestic buyer, which is PT Pertamina ISC,” he said.