#Primary
ADB approves US$ 85 million loan for the agricultural sector in Indonesia
The Asian Development Bank (ADB) has granted a US$ 85 million loan, equivalent to around IDR 1.3 trillion, to Indonesia. This loan is earmarked for the development of the agricultural sector, with the aim of directly benefiting tens of thousands of farming families.
Indonesian coal sector saw shortage in heavy mining tires hampering its production
The coal mining sector in Indonesia is experiencing a shortage of tires for heavy equipment. It is projected that the supply of heavy machinery tires in Indonesia will only be able to supply for the next 2 months. Currently, there are no factories in Indonesia that can produce off-road radial tires.
Unveiling Indonesia's potential in marine resources and opportunities for investors in the fishing sectors
The fishing sector in Indonesia has massive potential for expensive marine animal commodities with a total water area of 6.4 million square kilometers (km2).
Xinyi Group investment on quartz sand in Indonesia could strengthen domestic solar production
Xinyi Group, a leading company in the glass and solar panel industry from China, will soon build a quartz sand or silica sand downstream facility in the Rempang Eco-City Area in Batam, Riau Islands. Later it can contribute to reducing imports of Indonesian solar cells.
Wilmar Group, Musim Mas Group, and Permata Hijau Group assets seized in relation to palm oil export corruption scandal
A number of companies in the crude palm oil sector were searched and their assets were confiscated after being named as suspects in the Crude Palm Oil (CPO) export corruption case by the Attorney General Office's Investigation Directorate.
Ministry of Energy and Mineral Resources launches joint investigation into alleged illegal export of 5 million tons of nickel ore to China
The Ministry of Energy and Mineral Resources (ESDM) will cooperate with a number of institutions to further investigate the alleged illegal export of 5 million tons of nickel ore to China from 2020.
MIND ID faces challenges in acquiring majority shares in Vale Indonesia
MIND ID (Mining Industry Indonesia), a state-owned mining holding company, is in a difficult position to acquire 51% of PT Vale Indonesia Tbk (INCO) shares.
Trimegah Bangun Persada plans a US$ 1 billion expansion for a new stainless steel factory
PT Trimegah Bangun Persada Tbk (NCKL) will expand its business by building a stainless steel factory worth US$ 1 billion, and expected to produce millions of tonnes per year.
Minister urges Freeport to construct a smelter in Papua as government demands an increase in the number of shares
Bahlil Lahadalia, Minister of Investment/Head of the Investment Coordinating Board (BKPM) urges PT Freeport Indonesia (PTFI) to build a metal mineral refining and processing plant or concentrate smelter in Papua.
President Jokowi's partiality with Freeport sparks controversy over export relaxation
Fahmy Radhi, energy economics observer from Gadjah Mada University (UGM) criticized President Joko 'Jokowi' Widodo’s partiality with PT Freeport Indonesia (PTFI). Radhi argued that the relaxation of mineral exports provided for PTFI is a form of discrimination against other companies.
Bauxite companies halted production as existing smelters unable to absorb products
Several bauxite mining companies are suspending its production following the recent export ban on bauxite by the government. Bauxite produced by mining companies are being stockpiled and cannot be processed further by smelters.
Zhejiang Hailiang Co establishes the first biggest copper foil factory in Indonesia boosting electric vehicle production
Zhejiang Hailiang Co., the largest copper pipe and cable manufacturing company from China, is one step closer to opening its first copper foil factory in Indonesia, which is said to be the largest in Southeast Asia.