PLN to Increase Renewable Energy-Based Power Plant Capacity in 2020
Source: Antara News, January 17 2019 Edited by: INE Jakarta (ANTARA) – State-owned electricity company PT Perusahaan Listrik Negara (PLN) has outlined a target to step up the capacity of renewable energy-based power plant by 1.5 gigawatts (GW) in 2020. “Renewable energy (power plant) capacity…
Indonesia to Tackle Investment Red Tape with Job Creation Bill
By: Maikel Jefriando JAKARTA (Reuters) – Indonesia’s government plans to submit a bill to parliament on Monday designed to replace dozens of overlapping laws viewed as a barrier to investment, a senior official said on Friday. With growth in Southeast Asia’s biggest economy having been…
Microsoft to Invest USD1 Billion in Indonesia, Luhut Says
Source: Tempo, January 18 2019 Editor: Mahinda Arkyasa TEMPO.CO, Jakarta – Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan said that Microsoft Corporation is interested in investing USD 1 billion in Indonesia, or around IDR 14 trillion. “The USD 1 billion investment will be used for the…
Trapped in 5% Growth
Jakarta Post, December 16 2019 Most economists, including those of the World Bank and international banks, have predicted Indonesia will continue to be stuck in the 5-percent growth lane this year and 2020 amid worldwide policy uncertainty, subdued global growth and international trade tensions and…
Private Equity Fund Led By Former World Bank Boss to Invest $3b in Indonesia: Luhut
Source: Jakarta Post, December 16 2019 Private equity fund Global Infrastructure Partners (GIP) is interested in investing in three projects in Indonesia, a high-ranking official has said. The GIP’s total investments could reach around US$3 billion, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said…
Seven Things You Need To Know About the New E-Commerce Regulation
Source: Jakarta Post, December 12 2019 Government Regulation No. 80/2019 on e-commerce came into effect immediately after being signed by President Joko “Jokowi” Widodo on Nov. 25 and applies to domestic and foreign e-commerce companies alike. The regulation lays out a number of rules related…
Sustainability Investing Takes Off in Southeast Asia
Source: Jakarta Post, December 16 2019 BY: Suvir Varma, Alex Boulton and Usman Akhtar Private equity and venture investors in Southeast Asia are betting on something new — sustainability. Bain research shows a significant increase in capital flowing to companies that contribute to environmental and…
Trade War: US, China Reach ‘Historic and Enforceable’ Phase One Deal
Source: South China Morning Post, December 13 2019 China and the United States have made a breakthrough in trade negotiations, with a consensus agreement reached for a phase one deal that will halt further tariff increases and lower some already in place, vice-minister of commerce…
EU hits Indonesian Biodiesel with Import Duties Over Subsidies
Source: Reuters, December 9 2019 By: Philip Blenkinsop BRUSSELS (Reuters) – The European Union confirmed tariffs on Indonesian biodiesel imports on Monday to counter what it sees as unfair subsidies, the latest blow to producers after the bloc ruled that palm oil should be phased…
Indonesia Targets Starting Up EV Battery Plants in 2023
Source: Reuters, December 10 2019 JAKARTA (Reuters) – Indonesia is aiming to start making lithium batteries for use in electric vehicles in 2023, alongside plants that are already slated to produce chemicals used in the batteries, according to the minister who oversees the energy and…