• World Coal Association Welcomes Berau Coal as its Newest Member

    The only body acting internationally on behalf of coal, the World Coal Association (WCA), announced on Thursday (12/01) that Indonesian coal mining company Berau Coal Energy has joined its membership. Berau Coal is Indonesia's fifth-largest coal producer with an estimated 509 million tons of coal reserves. Berau was established in 1983 and now operates three mines in Lati, Binungan and Sambarata, all located on the island of Kalimantan.

    Lanjut baca ›

  • World Bank Optimistic about Private Investment in Indonesia

    Rising private sector investment and strengthening commodity prices are the correct ingredients that can trigger accelerated economic growth in several Southeast Asian nations in 2017. In a report entitled "Global Economic Prospects: Weak Investment in Uncertain Times", which was released on Tuesday (10/01), the World Bank set its forecast for Indonesia's economic growth at 5.3 percent year-on-year (y/y) in 2017, followed by a 5.5 percent (y/y) growth rate in both 2018 and 2019, up from an estimated growth rate of 5.1 percent (y/y) in 2016.

    Lanjut baca ›

  • Strategies to Combat Indonesia's Income Distribution Inequality

    Income distribution inequality is a problem in Indonesia, one that can jeopardize social, political and economic cohesion in Southeast Asia's largest economy. When looking at the Gini ratio, which is the coefficient that measures the degree of inequality in income distribution, we see a sharp rise in income inequality in Indonesia in the post-Suharto era. Thus, democracy and decentralization created an environment that allowed for rising inequality. While in the 1990s Indonesia's Gini ratio stood at an average of 0.30, it rose to an average of 0.39 in the 2000s, and remained stable at 0.41 in the years 2011-2015 before easing slightly to 0.40 in 2016.

    Lanjut baca ›

  • Crude Palm Oil Exports Indonesia fell and Rose in 2016

    Based on the latest data from the Indonesian Oil Palm Estate Fund (BPDP-KS), Indonesia exported 25.7 million tons of crude palm oil (CPO) in full-year 2016, a 1.9 percent year-on-year (y/y) decline from 26.2 million tons of CPO shipments in the preceding year. However, in terms of value Indonesia's CPO exports actually surged 8 percent (y/y) to USD $17.8 billion in 2016. Indonesia is the world's largest exporter and producer of palm oil, followed by Malaysia.

    Lanjut baca ›