Indonesia to have four new smelters this year as mineral ore export ban nears

The government expects four smelters with a combined annual input capacity of 2.07 million tons and output capacity of 200,923 tons to begin operations...

PP Properti to issue Rp 1.2 trillion bond to restructure debt, fund expansion

Publicly listed property firm PT PP Properti is set to issue Rp 1.2 trillion (US$87.8 million) worth of bonds to restructure its debt and...

IMF trims Indonesia’s economic growth prospects amid weakening exports

The International Monetary Fund (IMF) has trimmed its economic growth prospects for ASEAN-5 countries, including Indonesia, because of exports After slowing to 4.7 percent in...

‘We will continue to protest’: Labor unions insist on rejecting omnibus bill on job...

Labor unions voiced their persistence in rejecting the government’s omnibus bill on job creation as they staged another protest in front of the House...

Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources

Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49 percent while Japan Airlines is looking at a...

House sets up working committee to oversee ‘worrying’ financial services

The House of Representatives’ Commission XI, which oversees financial affairs, has announced the establishment of a working committee to monitor the financial services industry...

Be careful, your draft of the omnibus bill might be a hoax: Government

A supposed draft of the omnibus bill on job creation circulating in the media is fake, the government has said, adding that it has...

Former minister Arcandra appointed as PGN president commissioner

Former energy and mineral resources minister Arcandra Tahar has been appointed president commissioner of Indonesia’s largest midstream gas business, state-owned PGN. The US-trained engineer, who...

Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes

Toyota Motor Corp said on Tuesday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags...

Stuck in Bali traffic? Airport to get LRT access to reduce congestion

I Gusti Ngurah Rai International Airport in Bali will soon get a facelift through the development of a South Korea-backed light rail transit (LRT)...

Meikarta plans to sell 25% more apartments this year

Lippo Group megaproject Meikarta is seeking a 25 percent increase in apartment sales this year as it expects to finish construction on all the...

PGN opens options for imports to lower gas prices

Indonesia’s largest gas distributor is keeping its options open to import cheaper gas to bring down prices and create a more supportive business environment...

Indonesia develops Cavendish banana plantations in Blitar to boost exports

The Office of the Coordinating Economic Minister has initiated the establishment of Cavendish banana plantations for exports in Blitar, East Java, to help curb...

Indonesia projects lower oil and gas production amid low investment

Indonesia’s oil and gas industry will continue to face challenges this year as the government projects lower crude oil prices, production and investment while...

Garuda Indonesia appoints new directors, commissioners to repair reputation

National flag carrier Garuda Indonesia appointed Irfan Setiaputra as its new president director and former Creative Economy Agency head Triawan Munaf as its new...

Government to submit omnibus bill to House this week, Jokowi says

President Joko “Jokowi” Widodo stated on Wednesday that his administration will submit an omnibus bill on job creation to the House of Representatives this...

Government readies insurance holding company to save Jiwasraya by February

The government plans to establish a state-owned insurance holding company next month in an effort to inject money and save state-owned insurer PT Asuransi Jiwasraya. State-Owned...

Military pension fund Asabri ‘fine’ despite investment problems, minister says

The government is making assurances that the big investment losses suffered by the state insurer and pension fund for the military, police and defense...

Omnibus law to scrap permit requirements for ‘simple’ buildings: Minister

The government will ease permit requirements for the construction of small-scale buildings under a new omnibus law, Coordinating Economic Minister Airlangga Hartarto said on Wednesday. Airlangga...

Jokowi orders intelligence, police to approach ‘organizations’ about omnibus bill

President Joko “Jokowi” Widodo has called on law enforcers and intelligence agencies to approach “organizations” and communicate with them about an omnibus bill being...

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