Business News
Indonesia formulates plan to become upper-middle income country
Finance Minister Sri Mulyani Indrawati said at a Cabinet meeting on Wednesday that Indonesdia is formulating plans to become a upper-middle income country.“We just presented our development challenges […] for Indonesia to upgrade itself from a middle- to an upper-middle income country,” Sri Mulyani said as quoted by Antara.During the…
‘Tol Laut’ Program Boosts Distribution of Supplies
The tol laut (maritime highway) program has managed to boost the distribution of supplies in the last three years, an official has said.Citing data from Statistics Indonesia (BPS), Transportation Ministry sea transportation director general Wisnu Handoko said in Jakarta on Tuesday that, in 2015, the nationwide distribution of supplies was…
Gas integral to transition to clean energy: Gas industry
Gas industry players believe the countrys transition toward clean energy is dependent on gas' contribution to the energy mix. The intermittent nature and high cost of renewable energy are considered two major hurdles to phasing out fossil fuels. Hazli Sham Kassim, the International Gas Union (IGU) regional coordinator for South…
Indonesia Ranks Third Among Most Optimistic Countries
Indonesia ranks third among the most optimistic countries globally, after India and the Philippines, according to the Conference Board Global Consumer Confidence Survey, which was conducted in collaboration with Nielsen.Nielsen’s press release issued on Wednesday said Indonesian consumers’ level of optimism in the fourth quarter of 2018 was stable, with…
