ADB loan helps Indonesia promote renewable energy World

ADB loan helps Indonesia promote renewable energy

The Asian Development Bbank (ADB) has approved a 600-million-USD loan to help PLN, Indonesia’s state-owned power company, expand electricity access and promote the use of renewable energy in the eastern region of the country.
Indonesia enters first recession since 1998 World

Indonesia enters first recession since 1998

Indonesia has officially entered its first recession since the 1998 Asian financial crisis as its economy contracts again in the third quarter of this year, albeit at a slower pace.
Indonesia to reduce exports of unprocessed coal World

Indonesia to reduce exports of unprocessed coal

Indonesian President Joko Widodo has ordered his cabinet ministers to set a target of reducing exports of unprocessed coal and accelerate plans to develop derivative industries for processing the fuel in Southeast Asia’s biggest economy.
Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Indonesia, RoK to open travel corridor World

Indonesia, RoK to open travel corridor

A travel corridor between Bali of Indonesia and the Republic of Korea (RoK) has been proposed to the Indonesian government by Angkasa Pura I LTD which operates the Bali Ngurah Rai International Airport.
Indonesia disburses 44 percent of economic recovery budget World

Indonesia disburses 44 percent of economic recovery budget

The Indonesian government has disbursed 304.6 trillion Rp (20.5 billion USD), or 43.8 percent of the 695 trillion Rp national economic recovery (PEN) budget, with social safety net spending accelerating but healthcare spending still lagging.