• Infrastructure Budget Indonesia Rises in 2017 State Budget

    In the 2017 State Budget the Indonesian government allocated IDR 387.3 trillion (approx. USD $29.8 billion) for infrastructure development, up from IDR 317.1 trillion in the 2016 budget. Since Joko Widodo became Indonesian President in 2014 the infrastructure budget of Indonesia has been raised rapidly, showing that Widodo kept his pledge and is serious about constructing roads, bridges, airports, harbors, and railways in an effort to enhance connectivity in Southeast Asia's largest economy, reduce logistics costs and enforce the multiplier effect.

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  • Electricity Sales Indonesia Rise 7.2% in January-September 2016

    Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity company, stated that a total of 158.64 terawatt hours (TWh) of electricity was sold in Indonesia in the fist nine months of 2016, up 7.2 percent year-on-year (y/y) from 148.0 TWh of electricity sales in the same period of 2015. Benny Marbun, Head of PLN's Commercial Division, said rising electricity sales (as well as consumption) are the result of Indonesia's improving economy. In 2016 the nation's gross domestic product (GDP) is expected to expand 5.0 percent (y/y), from 4.8 percent (y/y) in 2015.

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  • Oil & Gas Sector Indonesia: Permitting Process Too Difficult

    For a company it is very difficult to start activities in Indonesia's upstream oil and gas sector. As a result, not unoften, activities related to exploration and production are delayed. This is the major reason why Indonesia's oil production has been declining for the past two decades, while Indonesia's gas production today does not differ much from production one decade ago. Why is it difficult for an oil and gas company to get started in Indonesia?

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  • Political Corruption Indonesia: Former Minister Dahlan Iskan Arrested

    Another (former) minister under the Susilo Bambang Yudhoyono administration was arrested in a corruption case. On Thursday (27/10) former state-owned enterprises minister Dahlan Iskan was named a suspect and arrested by the Prosecutor Office of East Java. Dahlan is suspected of being involved in irregular sales of assets owned by the Province of East Java and managed by regional state-owned property company Panca Wira Usaha. Dahlan served as president director of Panca Wira Usaha between 2000-2009. The irregular sales were reportedly conducted between 2002-2004.

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