INDONESIA’S decision to relocate its capital may face environmental road-blocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. The analysts cited early estimates by the Indonesian government, which mentioned that construction of the new capital will cost about 466 trillion rupiah (S$46 billion). It is also expected to take […]
Read MoreIndonesia’s decision to relocate its capital may face environmental roadblocks and will require a substantial amount of infrastructure investment, said analysts from Fitch Solutions. The analysts cited early estimates by the Indonesian government, which mentioned that construction of the new capital will cost about 466 trillion rupiah (US$33 billion).It is also expected to take three […]
Read MoreThe Energy and Mineral Resources Ministry has announced that Indonesia will stop nickel exports as of Jan. 1 next year to accelerate the establishment of domestic smelters while its nickel reserves are limited. According to coal and minerals director general Bambang Gatot Ariyono, Indonesia would need 81 million tons nickel ore supply per year as it currently has 11 working smelters […]
Read MoreIndonesia’s annual inflation rate rose in August to its highest level since December 2017, but it remained within the government’s target. Statistics Indonesia (BPS) announced on Monday that the Consumer Price Index (CPI) rose by 3.49 percent in August, up from the figure recorded in the same month last year and higher than the year-on-year […]
Read MoreThe Indonesian currency gained slightly against the US dollar on Monday despite a decline in share prices in regional markets amid fears of an escalation in the trade war between the United States and China. The rupiah was trading at a Jakarta Interbank Spot Dollar Rate of 14,190 per US dollar on Monday afternoon, up […]
Read More[JAKARTA] Indonesia will effectively stop nickel ore exports from Jan. 1, 2020, Bambang Gatot Ariyono, the mining ministry’s director general for coal and minerals, said on Monday, as the country moves ahead with efforts to process more of resources at home. The ban will be two years ahead of the initial schedule and will only […]
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