Business News
Indonesia Sovereign Wealth Fund Aims to Raise $15b by Offering Multiple Funds
Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15 billion investment and deepen access to global capital by Southeast Asia’s biggest economy, finance minister Sri Mulyani Indrawati told Reuters. The structure, outlined in a briefing by top economic ministers last Friday, has…
Indonesian Rattan Product Exports Increase 4.35 Percent
The Ministry of Trade (Kemendag) noted that the export value of Indonesian rattan products from January to August 2020 increased by 4.35 percent compared to the same period in 2019. "The export value of Indonesian rattan products in the January to August 2020 period was recorded at US $ 357.16…
Indonesia has the Opportunity to Accelerate the Export of Halal Products and Services
Amid the decline in the global halal industry sector as a result of the COVID-19 pandemic, Indonesia is considered to have the opportunity to accelerate the export of halal products and services to the international market. Chairman of the Indonesia Halal Lifestyle Center (IHLC) Sapta Nirwandar in Jakarta, Tuesday stated…
Ministry to Start Bidding Process for Nine Toll Roads Worth Rp 142.5 Trillion by Year-end
The Public Works and Housing Ministry is aiming to start the bidding process of nine toll road sections, with a combined length of 350 kilometers and combined investment of around Rp 142.5 trillion (US$10 billion), by year-end, a minister has said. Minister Basuki Hadimuljono on Sunday said the government aimed…
