14 June 2022 (closed)
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Tag: Infrastructure
Below is a list with tagged columns and company profiles.
Today's Headlines Infrastructure
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Need for More Capital Injections into Indonesia's ‘Bleeding’ State-Owned Enterprises
On 8 June 2021 Indonesian Minister of State-Owned Enterprises Erick Thohir told Commission VI of the House of Representatives (DPR) that he proposes to raise the budget for capital injections into state-owned enterprises (SOEs) in 2022. The main reason is that the SOE Ministry wants to inject (additional) capital into 12 SOEs.
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Ports in Indonesia; Patimban Seaport Soon Ready to Become Indonesia’s Automotive Export Hub
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Indonesia Investments' Monthly Report Released: September 2020 Edition - Infrastructure in Focus
On Monday (05/10/2020) Indonesia Investments released the September 2020 edition of its monthly report. In this edition, titled 'Infrastructure in Focus', we focus on infrastructure development in Indonesia. For example we discuss how the lack of infrastructure development undermines economic and social development.
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President Joko Widodo’s Vision for Indonesia in the 2019-2024 Period
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Indonesian Economy: Solid Gross Domestic Product (GDP) Growth in 2018
In line with our forecast, Indonesia’s economic growth continued to accelerate in 2018. Based on data from Statistics Indonesia (Badan Pusat Statistik, or BPS), which were released in early February 2019, the country’s gross domestic product (GDP) expanded 5.17 percent year-on-year (y/y) in full-year 2018, up from a growth rate of 5.07 percent in the preceding year.
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Three Strategic National Projects of Indonesia to Be Completed in 2019
The construction of three national strategic projects - worth a combined IDR 70 trillion (approx. USD $5 billion) - is targeted to be completed before the end of 2019. These three projects are: (1) the first phase of Jakarta's mass rapid transit (IDR 16 trillion), (2) the New Yogyakarta International airport (IDR 10.8 trillion), and (3) the Patimban seaport in Subang, West Java (IDR 43.2 trillion).
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Infrastructure in Indonesia: 13 New Toll Road Projects to Be Completed
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Bank Indonesia Urges Gov't to Be More Selective in Infrastructure Projects
The central bank of Indonesia (Bank Indonesia) believes that the Indonesian government needs to make a more careful selection in terms of infrastructure development projects in order to curtail the big amount of imports that put pressure on the country's current account balance and rupiah exchange rate.
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Indonesia's Rank in the Logistics Performance Index Improves
Latest Columns Infrastructure
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China to Build Indonesia's High-Speed Railway Jakarta-Bandung Project
Last week it was officially announced that China Railway International Co. Ltd, subsidiary of China Railway Group Ltd, together with a consortium consisting of Indonesian state-owned enterprises (which include Pilar Sinergi BUMN Indonesia, Wijaya Karya, Kereta Api, and Jasa Marga) will build Indonesia's first ever high-speed railway, valued at over USD $5 billion, between the capital city of Jakarta and Bandung (in West Java), a route that stretches for approximately 150 km.
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Indonesia Accepts China's Proposal for High-Speed Railway Jakarta-Bandung
China has won a contract to build a high-speed railway between Indonesia's capital city of Jakarta and Bandung (West Java), beating Japan along the way. Earlier this month, the Indonesian government unexpectedly decided to decline proposals from Japan and China for the construction of a multi-billion high-speed railway between both cities as these proposals included financial assistance or a guarantee from the Indonesian government. Moreover, Indonesia considered a super-fast train unnecessary on the relatively short route (150 km).
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Economic Policy Package Indonesia: What are the Stimulus Measures?
In response to the ailing global economy, Indonesian President Joko Widodo has unveiled a new economic policy package that aims to boost economic growth of Indonesia amid a highly uncertain global context. On Wednesday (09/09), Joko Widodo (often called Jokowi) provided some details about the first phase of this new stimulus package during a speech at the State Palace in Jakarta.
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Update Infrastructure Development Indonesia; Are there Positive Signs?
Government-led infrastructure development is regarded by most analysts and policymakers as the key to overcome Indonesia’s slowing economic growth as infrastructure development will cause a multiplier effect in the economy (triggering growth in other industries such as cement and property while job availability grows accordingly). In the second quarter of 2015, Indonesia’s gross domestic product (GDP) growth slowed to 4.67 percent (y/y), a six-year low.
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Indonesia 8th Largest Shareholder Asian Infrastructure Investment Bank
Indonesia is the eight-largest shareholder within the newly established Asian Infrastructure Investment Bank (AIIB). The Indonesian Finance Ministry announced earlier this week that the country will invest USD $672.1 million in the AIIB over the next five years. The AIIB is a new multilateral financial institution (initiated by China) that is to provide funds for infrastructure development projects in the Asia Pacific region. Initially, the AIIB has an authorized capital of USD $50 billion. This is expected to grow to USD $100 billion.
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Tourism in Indonesia: Strong Growth Visitor Arrivals on Bali
A total of 1,555,609 foreign tourists have visited the island of Bali, the most popular tourist destination in Indonesia, in the first five months of 2015, an 11.3 percentage point growth from the same period last year. Given that the number of foreign tourists usually peaks in the period June-September it is most likely that the government’s target of welcoming 4 million foreign tourists on Bali in 2015 will be achieved, or exceeded. Most tourists that visit Bali originate from Australia, China and Japan.
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Indonesian Cement Sales Plunge Most in 6 Yrs, Hope on Infrastructure Projects
The latest data from the Indonesian Cement Association (ASI) show that cement consumption in Indonesia declined 3.8 percent (year-on-year) to 22.9 million tons in the first five months of 2015 (from 23.8 million tons of cement in the same period last year). This fall is the steepest decline in Indonesian cement consumption since 2009 when demand plunged nearly seven percent (y/y) amid the impact of the global financial crisis. The current decline is caused by the country’s economic slowdown and falling commodity prices outside Java.
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Indonesian Stocks & Rupiah: Gaining on S&P Rating Outlook Upgrade
Although most emerging market stocks fell, Indonesian stocks and the rupiah showed a solid performance on Thursday (21/05). The rupiah appreciated 0.40 percent to IDR 13,122 per US dollar according to the Bloomberg Dollar Index, while the benchmark stock index of Indonesia (Jakarta Composite Index) rose 0.39 percent to 5,313.21 points. Most emerging stocks fell due to weak data from China (despite a series of stimulus). However, Indonesian stocks were supported by news about its credit rating and dividend announcements.
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Obstacles in Indonesia’s Investment Climate: A Chinese Perspective
Indonesia is not the easiest place to invest for foreign investors. This is reflected by the World Bank's Doing Business 2014 index in which Indonesia ranks 120th. In a business forum, held last week in Beijing, Chinese businessmen expressed a number of matters that blocked or seriously delayed their investments in Indonesia. For Indonesia (both domestic and foreign) investment realization, particularly in infrastructure, is important as investments is considered the main driver for the country’s economic growth in 2016.
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Indonesia Posts Trade Surplus in April but Concerns about Economy Rise
Indonesia posted a higher-than-expected USD $454.4 million trade surplus in April 2015. Previously, analysts predicted to see an April trade surplus of around USD $120 million. However, the USD $454.4 million trade surplus was smaller than the (revised) USD $1 billion trade surplus recorded in March. Moreover, the April surplus (the country’s fifth consecutive trade surplus) is primarily caused by a large drop in imports, signalling that Indonesia’s economic performance remains sluggish at the start of Q2-2015.
Associated businesses Infrastructure
- Adhi Karya
- AKR Corporindo
- Astra International
- Bakrie & Brothers
- Bosowa Corporation (Private)
- Holcim Indonesia
- Indocement Tunggal Prakarsa
- Jasa Marga
- Lippo Cikarang
- Nusantara Infrastructure
Other Tags
- Rupiah (1096)
- Indonesia Stock Exchange (758)
- Inflation (667)
- GDP (630)
- Bank Indonesia (607)
- Federal Reserve (534)
- Jakarta Composite Index (505)
- China (448)
- IHSG (412)
- BI Rate (404)
Today's Headlines
- Developing an Electric Vehicle Ecosystem in Indonesia; Integrating the Upstream & Downstream Sectors
- Trade Balance of Indonesia: Impact of Palm Oil Export Ban Felt Heavily in May 2022
- Indonesia’s Age-Old Energy Subsidy Dilemma; Government Adds USD $20 Billion to 2022 Budget
- New Report Out: Indonesia’s Age-Old Energy Subsidy Addiction - May 2022
- Gross Domestic Product (GDP); Indonesia Starts 2022 with a Sound Economic Growth Rate