• Foreigners Still Not Eager to Buy Property in Indonesia

    Although the government of Indonesia recently decided to allow foreigners to buy landed houses and apartments in Indonesia (while setting a minimum value on property that foreigners are allowed to purchase), there are yet to surface reports of expats buying Indonesian property. There are several matters that can explain foreigners' lack of enthusiasm to invest in property in Indonesia. Indonesian property association Real Estate Indonesia (REI) has several proposals to make it more attractive for expats to buy real estate in Indonesia.

    Lanjut baca ›

  • Soekarno-Hatta International Airport's Terminal 3 Starts Operations

    On Tuesday (09/08), Terminal 3 of the Soekarno-Hatta International Airport, located just outside Indonesia's capital city of Jakarta, becomes operational. This IDR 7.7 trillion (approx. USD $588 million) terminal is designed to have the capacity to handle some 25 million passengers per year. In the first phase of the terminal's operations, national flag carrier Garuda Indonesia will use it for its domestic flights (about 126 per day). Gradually, Garuda will serve international flights from this terminal, followed by international flights of other airlines.

    Lanjut baca ›

  • Foreign Direct Investment (FDI) in ASEAN Fell in 2015

    Total foreign direct investment (FDI) in the ASEAN region (Association of Southeast Asian Nations) fell USD $10 billion - or 7.7 percent year-on-year (y/y) - in full-year 2015 according to information from the ASEAN Secretariat. Particularly FDI originating from ASEAN's dialogue partners slid considerably. ASEAN has 10 dialogue partners: Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, South Korea, Russia, and the United States.

    Lanjut baca ›

  • Coal Mining Industry Indonesia: China Cuts Output, Prices Rise

    Over the past two months global coal prices have surged, primarily on the back of rising coal demand in China where local coal production capacity was curtailed as authorities seek to curb industrial overcapacity. Indonesia's coal price (Harga Batubara Acuan, abbreviated HBA), a monthly rate set by the nation's Energy and Mineral Resource Ministry, rose 10.1 percent (m/m) to USD $58.37 per ton in August from USD $53.00 per ton in the preceding month, a remarkable rebound that pushed the HBA to a one-year high.

    Lanjut baca ›