• Slowing Economy of Indonesia: Rising Youth Unemployment

    Hariyadi Sukamdani, Chairman of the Indonesian Employers Association (Apindo), expressed his concern about unemployment in Indonesia, particularly unemployment among the younger generation of Indonesians (aged between 15 and 29). Amid slowing economic growth over the past six years, various industries have been cutting employment. With roughly half of the total population below 30 years of age, Indonesia’s demographic bonus can turn into disaster if this potential workforce fails to obtain employment opportunities.

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  • Pertamina to Take Control of Indonesia’s Mahakam Oil & Gas Block

    Indonesia’s state-owned energy company Pertamina and local governments will become the new operators of the Mahakam oil and gas block (located offshore in East Kalimantan) after existing contracts of current operators end on 31 December 2017. The Indonesian government announced on Friday (19/06) that it is to grant Pertamina a 70 percent stake in the Mahakam block, Indonesia’s largest oil and gas block. The current operators of the block are French oil giant Total SA and Japan-based oil firm Inpex Corp, each owning a 50 percent stake.

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  • World Bank Reviewing 10 Years of Indonesia’s School Grants Program

    The Indonesian school grants program (Bantuan Operasional Sekolah, or BOS) is nearing the end of its first decade of operation. Over that period, the BOS program has been continually improved and channeled large amounts of funding directly to approximately 43 million primary and junior secondary schools across Indonesia. The huge BOS program aims to ensure that schools have sufficient funds to operate, reduce the education costs faced by households and improve school based management.

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  • IPO Mega Manunggal Property on the Indonesia Stock Exchange

    Mega Manunggal Property, an Indonesian developer and provider of logistics facilities, officially listed its shares on the Indonesia Stock Exchange (IDX) on Friday (12/06) hence becoming the sixth company to have conducted an initial public offering (IPO) on the IDX this year and bringing the total number of listed companies on the IDX to 511. Mega Manunggal Property offered 1.7 billion shares, or 30 percent of its enlarged share capital, for a price of IDR 585 (USD $0.04) per share hence raising IDR 1 trillion (USD $76 million).

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