Business News
Jokowi: Sovereign Wealth Fund Can Make BUMN Infrastructure and Energy Healthy
The government will establish an Investment Management Institution (LPI) or Sovereign Wealth Fund (SWF). The formation of the LPI or SWF is intended as an alternative to financing development in Indonesia. President Joko Widodo (Jokowi) said that the launch of the SWF will be carried out in early 2021. It…
Indonesian President Inaugurates $3 Billion 'Strategic' Port
Indonesian President Joko Widodo inaugurated the Patimban sea port in West Java on Sunday, saying the new gateway would have a “strategic” role in boosting the nation’s pandemic-hit economy. The 43.2 trillion rupiah ($3.07 billion) port in the town of Subang, 140 km (90 miles) east of the capital Jakarta,…
Indonesia's New Direction Toward a Modern Money Market
Bank Indonesia (BI) launched its 2025 money market development blueprint (BPPU 2025) on Dec. 14 to mark a significant move toward a modern and advanced money market. The launch comes in time with the momentum of economic recovery from the COVID-19 pandemic and the emerging digitalization trend. Consisting of the…
Govt to Offer 25 PPP Projects Worth Rp 278.35 Trillion Next Year
The Public Works and Housing Ministry is offering 25 infrastructure projects worth Rp 278.35 trillion (US$19.7 billion) under public-private partnership (PPP) next year to private investors to plug the cash-strapped budget. Public Works and Housing Minister Basuki Hadimuljono said on Monday that the projects would be offered consecutively in four…
