Business News

Jokowi ponders two 'hills' in Kalimantan for new capital

All eyes are now on Kalimantan as President Joko “Jokowi” Widodo has fallen in love with two hills there – Bukit Soeharto (Soeharto Hill) and Gunung Mas (Golden Hill) – as he seeks the best place to relocate the capital from Jakarta.“From the width of the area, this is the…

Indonesia coal price dips nearly 8% on dwindling demand

The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent.Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries, especially China and India, were currently…

Indonesia to launch Sharia Economy Masterplan in May

The government plans to launch the 2019-2024 Sharia Economy Masterplan on May 14, as a road map for the development of the sharia economy to support national economic development in the country that has the largest Muslim population on the planet.The masterplan draft highlights four main strategic recommendations to develop…

Indonesia aims for 15 percent growth of car exports

Industry Minister Airlangga Hartarto has said the government aims for a 15 percent growth of car exports in 2019, from 346,000 in the previous year to 400,000. The minister said he sees high demand for Indonesian cars from ASEAN countries.“The ASEAN market has big potential. The most Indonesian car exports…
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