Business News

Indonesia invites Japanese firms to invest in fish shipment

The government has invited Japanese companies to invest in fish shipment and cold storage services to take advantage of Indonesia’s growing fish production, especially in the eastern part of the country. The Maritime Affairs and Fisheries Ministry held a meeting recently with 13 Japanese companies, including trading company Hanwa, temperature-controlled…

Government to issue sharia sovereign bonds worth US$2 billion

Jakarta, (ANTARA News) - The Indonesian government is set to issue US$2 billion worth of State Sharia Sovereign Bonds (SBSN), or sukuk wakalah global, to continue its commitment to sustainable green financing. The sharia sovereign bonds comprise two series with settlement date on Feb 20, 2019, the Directorate General of…

Indonesia to welcome US$900m in automotive industry: Minister

Industry Minister Airlangga Hartarto says several investors are committed to investing US$900 million in the automotive industry. “Investors from Asia and Europe have expressed their commitment,” Airlangga said in Jakarta on Tuesday as quoted by kompas.com. He, however, declined to reveal the details of the investment, including the names of…

Jokowi orders recalculation of avtur price

Jakarta, (ANTARA News) - President Joko Widodo (Jokowi) has ordered recalculation of the price of aviation turbine fuel (avtur) to make it more efficient. "We have just discussed this at the meeting. I have ordered to recalculate this. Which part should be more efficient, we will soon take decision on…
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