The state asset fund is eyeing a US$30 billion renewable energy project that will export power to Singapore as well as supply the national grid, but licensing and funding issues…
Last year, the government also began issuing renminbi-denominated debt through so-called dim sum bonds, which are similar to panda bonds but are marketed mainly in Hong Kong.
Deputy Investment and Downstream Minister Todotua Pasaribu stated that the facility is expected to begin production in 2028, with a capacity of 60,000 kiloliters per year.
Though the World Bank has downgraded its growth projection for Indonesia due to the economic fallout from the Iran war, a move preceded by a similar revision by the OECD last…
Coordinating Economy Minister Airlangga Hartarto said in a press conference on Monday that, so long as oil did not average more than US$97 per barrel for the year, subsidised fuel…
This year’s fiscal deficit may temporarily exceed the legal limit for the sake of maintaining economic growth, should oil prices remain elevated for a prolonged period as the…
Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel…
Indonesian exporters are worried that new United States import tariffs will reduce demand for their products in the world’s largest consumer market.
The government has issued a loosely-worded statement days ahead of the expected signing of a tariff agreement with the US, following a weekend meeting at President Prabowo…
Coordinating Economy Minister Airlangga Hartarto said he could not reveal the contents of the agreement until the documents were signed by President Prabowo Subianto and US…