#Finance
PLN explores transition financing scheme in collaboration with Asian banks
State electricity company PT PLN is exploring opportunities for a new financing scheme, coined the term transition financing, to accelerate investments in gas power plants and fossil fuel efficiency.
Grant Thornton releases report on Indonesia's economic prospects in 2024
Grant Thornton Indonesia has published a report titled "Unraveling Indonesia’s Prospects in 2024", a move aimed at assisting foreign investors in better understanding Indonesia's investment climate in 2024.
BI provides IDR 268 trillion liquidity incentive to boost banking sector
The Indonesian Central Bank (BI) is offering a liquidity incentive of IDR 268 trillion (US$17.2 billion) to the banking sector aimed at expanding loan disbursement and promoting BI's macroprudential liquidity incentive policy.
Authority forecasts independent financing for IKN development over the next decade
The Nusantara Capital Authority has predicted that the development of the Nusantara ndonesia Capital City (IKN) over the next 10 years will not require financing from the State Budget (APBN).
Indonesian PMI for February 2024 down from previous month
The Purchasing Managers' Index (PMI) for Indonesian manufacturing in February still reflects an expansive manufacturing sector although the country booked a score of 52.7, a slight decrease from January's 52.9. According to the S&P Global index, manufacturing production showed an upward trend in February, with growth rates remaining solid despite a decline compared to January.
Indonesian government debt rises to Rp8,253.09 trillion
The Ministry of Finance recorded the government's debt position in January 2024 at Rp8,253.09 trillion or equivalent to 38.75 percent of gross domestic product (GDP).
PLN-Mitsui conflict on Paiton 3 divestment disrupts investment
A new chapter in the dispute between Mitsui & Co Ltd and State electricity company PT PLN regarding the certainty of the Paiton 3 divestment could set a precedent reflecting the high investment uncertainty in Indonesia.
MIND ID, VCL & SMM signed share sale and purchase agreement
PT Mineral Industri Indonesia (MIND ID), together with Vale Canada Limited (VCL) and Sumitomo Metal Mining Co., Ltd. (SMM) signed a share sale and purchase agreement for the divestment of PT Vale Indonesia (INCO) in Jakarta on Monday, February 26, 2024.
Jokowi's Flagship Projects Absorb USD $105.36 Billion of State Budget
The Coordinating Ministry for Economic Affairs (Kemenko Perekonomian) reports a substantial allocation of State Budget (APBN) totaling Rp1,515.4 trillion (USD $105.36 billion) dedicated to advancing the development of National Strategic Projects (PSN). Wahyu Utomo, Deputy for Coordination of Regional Development and Spatial Planning at the Coordinating Ministry for Economic Affairs and Chairman of the Executive Committee of the Committee for Accelerating the Provision of Priority Infrastructure (KPPIP), highlighted the significant impact of this budget, resulting in the completion of 190 PSN projects between 2016 and 2023.
Economic conditions of two World giants that worry Sri Mulyani
Indonesian Minister of Finance Sri Mulyani Indrawati has been carefully monitoring the global economic situation, which is predicted to continue to slowing down in 2024.
Five largest creditors to private Indonesian entrepreneurs
The Indonesian central bank (BI) has recorded the five largest creditors for Indonesian private foreign debt in the past 10 years, namely Singapore, the United States, China, Hong Kong, and Japan. Overall, as of November 2023, private foreign debt decreased by 2.3 percent compared to the same period in 2022 (year-on-year/yoy) to US$196.2 billion.
Bridging funding gap in RUPTL projects: PLN asked to engage int’l partners
The Ministry of Energy and Mineral Resources (ESDM) asks State electricity company PT PLN to expand its business scheme related to fundraising for projects outlined in the Electricity Supply Business Plan (RUPTL) 2021-2030 as a measure to provide an alternative investment avenue currently unavailable to PLN.