• Revision of Indonesia's Negative Investment List to Attract Investment

    Chairman of the Indonesia Investment Coordinating Board (BKPM) Mahendra Siregar said on Thursday (24/04) that Indonesia's Negative Investment List (Daftar Negatif Investasi), which stipulates which sectors in the Indonesian economy are open to foreign investment as well as the percentage of foreign ownership permitted, has been revised. The list was revised through a Presidential Decree earlier this week. The revision means that the limit of foreign ownership in several sectors will be raised.

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  • Indonesian Rupiah Exchange Rate Update: Appreciating on Weak US Data

    Based on the Bloomberg Dollar Index, the Indonesian rupiah exchange rate appreciated 0.23 percent to IDR 11,603 per US dollar on Thursday (24/04). The currency's performance was particularly influenced by weak new US single-family homes sales. These sales fell more than expected and hit a five-month low in February 2014, implying that there is continued weakness in the US housing market. Meanwhile, US durable goods orders and US initial jobless claims, which will be released later today, are expected to be weak too.

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  • Company Profile of Adaro Energy: A Leading Indonesian Coal Miner

    The updated company profile of Adaro Energy is presented in our Indonesian Companies section. The company is one of the leading Indonesian coal mining companies and Indonesia's second-largest producer of thermal coal, operating the largest single coal mine in the country (located in South Kalimantan). Adaro Energy produces a type of sub-bituminous coal that is less environment unfriendly because of its low content of sulfur, nitrogen and ash. This coal is globally trademarked as envirocoal.

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  • Project for Fisheries and Aquaculture for Food Security in Indonesia

    The Indonesian government and the Netherlands-based Wageningen University and Research Center will cooperate in a new bilateral fisheries and aquaculture project. This project, called 'Project for Fisheries and Aquaculture for Food Security in Indonesia' aims to enhance food security and reduce malnutrition in Indonesia through increasing the availability of various fish products on Indonesia's domestic market. The Netherlands and Indonesia together contribute 9 million euro to finance the project.

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