Business

Government Spends 50.9 Percent of State Budget by August

The government had spent Rp695.66 trillion (US$52.31 billion), or about 50.9 percent of its total spending plans for 2017 as...

Sep 8 · 40 sec read >

Stop Talking Politics, Start Investing: Jokowi to Businesspeople

The government will also increase village funds to Rp60 trillion (US$4.49 billion) next year from Rp20 trillion. President Joko...

Sep 5 · 51 sec read >

Telkom to Replace Troubled Satellite in August 2018

Telkom 1 services went offline on Friday at 4:51 p.m. Jakarta time. The services of a number banks, such...

Sep 4 · 1 min read >

Soekarno-Hatta Airport Porter Service now Free of Charge

Passengers can now avail of the services of porters in Soekarno-Hatta International Airport for free. The airport operator PT...

Sep 2 · 42 sec read >

State Firms Post Rp87 Trillion H1 Net Profit

Their total assets reached Rp6.69 quadrillion, compared to Rp5.99 quadrillion last year. Indonesia’s 118 state-owned enterprises (SOEs) recorded a...

Sep 1 · 56 sec read >

Minister Kicks off Construction of Giant Coal Fire-Powered Plant

PLN corporate communication head I Made Suprateka added that the plant construction was part of the government’s 35,000-MW electricity...

Sep 1 · 51 sec read >

State Firms Ready to Buy Freeport Shares: Ministry

The State-owned Enterprises (SOEs) Ministry has said that SOEs are ready to take over the 51 percent shares of PT...

Aug 31 · 1 min read >

Balance of Payments to Record $7b Surplus in 2017

Bank Indonesia (BI) projects the country’s balance of payments (BoP) will reach a surplus of US$7 billion this year...

Aug 30 · 48 sec read >

Port Operator’s Subsidiaries Sign MoUs with other SOEs

Subsidiaries of state-owned port operator Pelindo II have signed memorandums of understanding (MoUs) with other state-owned enterprises(SOEs). Pelindo II’s subsidiaries involved...

Aug 28 · 52 sec read >

CPO Export Increases by 25 Percent in First Half

CPO price in the same period ranged between US$650 and $827.5 per ton, with a high start at $805.7...

Aug 25 · 1 min read >

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