Power Up: Indonesia’s New Capital Needs New Electricity Grid
Source: Jakarta Globe, October 28 2019 BY: RIDHO SYUKRA Jakarta. Indonesia’s new capital in East Kalimantan will need additional 1,555 megawatts of electricity to ensure an uninterrupted power supply, according to the Energy and Mineral Resources Ministry. The extra capacity needed is around what the entire island of…
Malaysia’s BGMC Corp to Invest $1b in Port, Industrial Development in Riau
Source: ANTARA, October 27 2019 Jakarta. The BGMC Corporation, a Malaysian construction services company, will invest $1 billion in a port and industrial complex in Siak district, Riau, the neighboring country’s ambassador said at the weekend. The Indonesian government is developing the Tanjung Buton industrial area…
GRI agrees Memorandum of Understanding with BAPPENAS
Source: The Global Reporting Initiative: Empowering Sustainable Decisions, October 16 2019 How can Indonesia secure progress in SDGs reporting? GRI has signed a collaboration agreement with the Indonesian Government that commits to support and provide the reporting frameworks for the country’s commitments to the UN…
Which 20 Countries will Dominate Global Growth in 2024?
Source: The Economic Times, October 21 2019 By Alex Tanzi The global economy, weighed down by tensions that have stalled international trade and elevated uncertainty, is expected to see slower growth in the next half decade across a wide swath of economies. China’s growth rate…
Habibie Festival Honors Late President’s Legacy in Education and Technology
Source: Jakarta Post, October 16 2019 This year’s International Orbit Habibie Festival will be the first to be held after the passing of BJ Habibie, former Indonesian president and father of the festival’s founder, Ilham A. Habibie. The festival was first held in 2016 to commemorate BJ Habibie’s…
Nadiem Makarim Steps Down as Gojek CEO to Join Jokowi’s Cabinet
Source: Jakarta Globe, October 21 2019 By: ROBERTUS WARDI Jakarta. Nadiem Makarim, co-founder of unicorn startup Gojek Indonesia, announced on Monday that he had stepped down as the company’s chief executive to take up a post in President Joko “Jokowi” Widodo’s new cabinet. “Starting today, I…
Indrawati Reappointed Finance Minister in Indonesia Cabinet
Source: Bloomberg, October 22 2019 By: Karlis Salna, Arys Aditya, and Viriya Singgih Indonesian President Joko Widodo reappointed Sri Mulyani Indrawati as finance minister in a new cabinet, providing stability to his team as he seeks to deliver on pledges to boost Southeast Asia’s biggest economy. A…
Jokowi, Ma’ruf Inaugurated as President, Vice President
Source: Jakarta Post, October 20 2019 By: Karina M. Tehusijarana Joko “Jokowi” Widodo and Ma’ruf Amin have officially taken their oaths to serve the country as the President and the Vice President for the 2019-2024 term in a plenary session of the People’s Consultative Assembly…
Trump Announces Partial Trade Deal with China, Lifting Hopes that Tensions Could Ease
Source: Washington Post, October 12 2019 By David J. Lynch President Trump said Friday that the United States and China have “agreed in principle” on a preliminary trade deal, marking the first tangible achievement in their 18-month trade war while leaving all of the toughest issues…
For a Second Time, The World Bank Predicts Indonesia’s Economic Growth to Decline
Source: CNBC Indonesia, October 11 2019 Jakarta, CNBC Indonesia- The World Bank returns with another prediction that Indonesia’s economic growth will decline and only grow 5% this year. Earlier in April the World Bank predicted the Indonesian economy would only grow 5.1%. More in the…