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19 June 2025 (closed)
Jakarta Composite Index (6,968.64) -139.15 -1.96%
Indonesia Investments' News Columns section contains articles with a detailed analysis regarding topics that have high news value in Indonesia and can be regarded as topics that are capable of influencing Indonesia's investment climate. Most columns published in this section cover subjects related to politics, economics and social matters. By following these publications on a regular basis, one will be apprised of what is happening in Indonesia and - just as important - understand why it is happening.
Crude oil production at the Banyu Urip field (part of the Cepu Block) in East Java has reached 201,000 barrels of oil per day (bpd). This peak is reached about three years after operations started at the Banyu Urip field. Considering Indonesia set a 825,000 (bpd) oil production target in the state budget, it implies the Banyu Urip field now accounts for almost a quarter of total (targeted) crude oil production across Indonesia.
On Tuesday (15/08) Indonesian Police arrested five suspected Islamic State (IS) sympathizers. Meanwhile, various bomb making chemicals were seized in the houses of the five suspected Islamic militants. The arrests and confiscation of materials occurred in the city of Bandung (West Java). The five arrests involve one married couple and three men.
Lippo Cikarang, an Indonesian property developer (part of the Lippo Group), managed to get international hotel chain operator Langham Hospitality Group on board for its ambitious Meikarta project. Meikarta is designed to become a full-fledged township some 34 kilometers to the east of Jakarta, equipped with high-class and modern residential, commercial, industrial, cultural and educational centers.
The strike, organized by more than 600 workers of Jakarta International Container Terminal (JICT) at Jakarta's Tanjung Priok port, seemingly had a limited negative impact on trade. The strike took place from Thursday (03/08) to Monday (07/08) and was used by the workers to urge the transfer of bonus payments. JICT, which operates the container terminal at Tanjung Priok, is owned by Hong Kong-based Hutchison Port Holding Group (51 percent) and Koperasi Pegawai Maritim (48.9 percent). The latter is part of state-owned port operator Pelindo II.
