Courtesy of The Jakarta Post, Jakarta The government says that it will accelerate the construction of 15 main infrastructure projects across Indonesia before the next government takes over in October. “We have decided to speed up the development of a number of infrastructure projects that have been quite late in implementation,” Coordinating Economic Minister Chairul…
DetailsCourtesy of The Jakarta Post The city administration is offering private entities the chance to get involved in the second phase of the mass rapid transit (MRT) project. The second MRT line will connect the Hotel Indonesia traffic circle in Central Jakarta to Kampung Bandan in North Jakarta. President director of city-owned PT MRT Jakarta,…
DetailsCurtesy of The Jakarta Post The government is considering raising the foreign ownership limit in the construction sector to 70 percent to draw more foreign capital to help accelerate the development of infrastructure projects in the country, a senior official at the Public Works Ministry has said. Deputy Minister Hermanto Dardak said in Jakarta on…
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Courtesy of IndonesiaInvestments.com The Indonesian government is optimistic that the country’s economic growth will accelerate to 5.8 percent (year-on-year) in 2015 from an expected growth pace of 5.5 percent in 2014. The key to next year’s improved gross domestic product (GDP) growth of Indonesia is the higher forecast for global economic growth. In 2015, the…
DetailsCourtesy of IndonesiaInvestment.com The construction of smelting and refining facilities in Indonesia – as stipulated in the new and controversial 2009 Mining Law – remains troublesome because several mining companies have delayed construction pending the judicial review of the 2009 Mining Law by the Constitutional Court of Indonesia. Meanwhile, Indonesia’s Association of Bauxite and Iron…
DetailsIndonesia Awards Second Shale Gas Block To Three Foreign Firms JAKARTA, June 23 (Reuters) – Indonesia’s energy and mining ministry on Monday awarded its second shale gas exploration block to a consortium of foreign oil firms that included New Zealand Oil & Gas Ltd.The New Zealand company, along with Canada’s Bukit Energy and Pacific Oil…
DetailsClariant doubles masterbatch and pigment capacity in Indonesia Swiss speciality chemicals firm Clariant has inaugurated enhancements to its production facility in Indonesia, at its Tangerang site. The significant increase in production capacity and upgrading of local facilities has been undertaken to “better support the strong growth in demand for pigments, masterbatches, personal care, home care…
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