Linde to Invest $2 Million in New West Java Gas Plant

The investment is decided after Linde reached a 15-year gas supply deal with tire producer Elangperdana.

#CORPORATE NEWS

Chevron Pacific Indonesia Reports Oil Spill at Dumai Facility

Chevron Pacific Indonesia, a local subsidiary of the American oil and gas company, has spilled an unknown amount of oil at Dumai Port, Riau.

MARCH 01 #ENVIRONMENT

Microsoft Follows Amazon to Build Its First Data Center in Indonesia

The data center will use 100 percent renewable energy and help Indonesia generates $6.3 billion in new digital revenue.

FEBRUARY 26 #CORPORATE NEWS

It's Never About Tesla Car Factory: Luhut

The Indonesian government is still in discussion with American electric car maker Tesla about investment plans in the country.

FEBRUARY 25 #COMMODITY

OUELH Announces Strategic Recapitalization Plan

The company plans to convert existing shareholder loans and interests worth $144 million into perpetual securities.

FEBRUARY 24 #CORPORATE NEWS

BI Bets on Record Low Rate, Zero Down Payment to Woo Consumers to Spend

This was BI's fifth rate cut in the past 12 months as it puts all its effort to help the country pulls out from the Covid-19 recession.

FEBRUARY 19 #ECONOMY

Mirae Asset to Add Eastsprings Mutual Funds into Their Platform

Mirae Asset Sekuritas will soon add mutual funds from Eastsprings Investment Indonesia into their trading platform MaxFund.

FEBRUARY 17 #ECONOMY

VISION

Indonesia Starts Covid-19 Vaccination for Religious Leaders

The Religious Affairs Ministry and the Health Ministry have started Covid-19 vaccination for religious leaders at the Istiqlal Mosque.

#EYEWITNESS

Indonesia Starts Covid-19 Vaccination for Religious Leaders

The Religious Affairs Ministry and the Health Ministry have started Covid-19 vaccination for religious leaders at the Istiqlal Mosque.

February 25 #EYEWITNESS

Indonesia's Sovereign Wealth Fund Unveils Initial Strategy to Attract Investors

For a better investment climate, INA will first ensure good governance by working alongside the supervisory board and accounting firms.

FEBRUARY 16 #ECONOMY

Gov't Moves to Address Lingering Demand Weakness as Trade Data Underwhelm

The government increased the national economic recovery fund by 19 percent as it admitted growth would not go past 5.3 percent this year.

FEBRUARY 16 #ECONOMY

Australia Seeks to Bolster Agricultural Trade to Indonesia

Indonesia is Australia’s sixth largest market by value for agriculture, fisheries and forestry exports.

FEBRUARY 15 #TRADE

Trump's Indonesian Partner Gets Special Govt's Treatment for $2.4b West Java Resorts Project

Government bets on the resort project to help Indonesia attract more than 63 million tourists per year by 2038.

FEBRUARY 13 #CORPORATE NEWS

Export Levy Dampens Palm Companies' Profit Amid CPO Price Rally

Under the new regulation, levies for CPO now range from $55 to $255 per metric ton depending on the reference price.

FEBRUARY 11 #COMMODITY

Garuda to Return 12 Bombardier Jets to Nordic Aviation Capital

Garuda Indonesia, the country's flag-carrier, will return 12 Bombardier CRJ 1,000 aircraft to Nordic Aviation Capital or NAC.

FEBRUARY 10 #CORPORATE NEWS

BCA Ends Up With the Highest Profit Among Indonesian Lenders in Pandemic Year

Bank Central Asia, Indonesia's largest lender by market capitalization, has booked a consolidated net income close to $2 billion last year.

FEBRUARY 09 #CORPORATE NEWS

Gov't Plots Rebound After Covid-19 Sends Indonesia Into First Recession in 22 Years

Government promises better contact tracing to rein in the pandemic while preparing larger stimulus and cutting red tapes to spur businesses.

FEBRUARY 06 #ECONOMY

Jokowi Asks Muhyiddin to Join Fight against EU's Discriminatory Palm Oil Policies

It's for the second time the leaders of the two Southeast Asian countries forged commitment to fight off the EU on palm oil issue.

FEBRUARY 05 #COMMODITY

Tesla to Submit Investment Proposal as Indonesia's Battery Plan Is Taking Shape

Tesla's proposal could be one in a series of ore processing and battery investments spearheading Indonesia's ambition in 2021.

FEBRUARY 04 #COMMODITY

Indonesia on Thorny Path to Electric Vehicles

Indonesia aims to utilize renewable energy among 23 percent of all forms of transportation by 2025.

FEBRUARY 02 #TRANSPORTATION

Inflation Slows Down in January as Demand Remains Lethargic

Most of the inflationary pressure steamed from the rising costs, instead of recovering demand from consumers.

FEBRUARY 01 #ECONOMY

Domestic Demand Keeps Indonesian Palm Oil Industry Afloat amid Sluggish Export Markets

Domestic consumption increases during the pandemic due to growing demand in the oleo chemical industry for sanitary products.

FEBRUARY 01 #COMMODITY