Krakatau Steel to list three subsidiaries in major reorganization plan

As part of a major corporate reorganization, state-owned steel producer PT Krakatau Steel plans to publicly list three of its subsidiaries. Krakatau Steel president Silmy Karim identified the three subsidiaries as PT Krakatau Tirta Industri, PT Krakatau Bandar Samudera and PT Industrial Estate. “We’re still thoroughly considering whether we should optimize our corporate synergy before holding an initial … Read more

Transportation Ministry joins force to mitigate offshore gas spill

The Transportation Ministry has teamed up with State-owned energy holding company Pertamina to handle the impact of a gas well kick that was followed by a spill in the PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) area. The director of the ministry’s Sea and Coast Guard Unit (KPLP), Ahmad, said the Thousands … Read more

Govt to allow Java to add more special economic zones for industry

The government has made the decision to allow for the development of new special economic zones for industry on Java Island, the nation’s most populous and most industrialized island, in a push to diversify industries and respond to demand from the private sector. The decision was made after a meeting between Coordinating Economic Minister Darmin Nasution and Industry Minister Airlangga Hartarto on … Read more

State train manufacturer PT INKA sends 26 carriages to Bangladesh

Surabaya (ANTARA) – State train manufacturer PT INKA dispatched 26 coaches of the total 250 ordered carriages to Chittagong Port, Bangladesh, via Jamrud II Terminal, Surabaya Tanjung Perak Port, East Java, in line with the ongoing export cooperation with the country. President Director of PT INKA Budi Noviantoro remarked here on Tuesday that the 26 … Read more

Gov’t to Offer Seven Toll Road Projects Worth Rp 151.15 Trillion

Ministry of Public Works and Public Housing through the Toll Road Regulatory Agency (BPJT) this year is set to offer tender for seven toll road sections with an overall investment value of Rp151.13 trillion. Head of the BPJT Danang Parikesit stated that the sections to be offered for the tender are Semanan – Balaraja Toll … Read more

18 yachts arrive in South Maluku, for Wonderful Sail to Indonesia

Langgur, Maluku (ANTARA) – As many as 18 yachts have arrived on Ohoi beach, Debut village, Southeast Maluku District, Maluku Province, on Saturday evening, for Wonderful Sail to Indonesia (WSI) international maritime event. “Ohoi beach in Debut Village is the gate for international yachters to enter Indonesia,” M Teslatu, chairman of the Southeast Maluku WSI … Read more

Ministry to call for tenders for seven toll road sections

Jakarta (ANTARA) – The Public Works and Housing Ministry plans to call for tenders for the construction of toll road sections this year. “Under the KPBU (government-corporate body cooperation) scheme, the government aims to address the lack of funding for the development of infrastructure, particularly toll roads, so they could be completed on schedule to … Read more

Minister Targets to Complete Regulation on EV This Month

Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan confirmed that Presidential Regulation on electric vehicles is almost completed. “The bill is already submitted to the Minister of Finance to be signed. I hope it can be stipulated this month. Thus, I will contact the Minister about her approval for the regulation since she is on … Read more

Soekarno-Hatta’s 3rd Runway Ready for Operation in Mid-August

Soekarno Hatta’s 3rd runway is technically ready to operate in mid-August this year, Minister of Transportation Budi Karya Sumadi has announced. “The Government will propose to start its operation in mid-August 2019,” the Minister said during site inspection at Soekarno-Hatta Airport in Tangerang, Banten province, Sunday (21/7). Budi added that the new runway can already … Read more
Select your currency
USD United States (US) dollar