News & Articles

Indonesia Economy Reaches 15-Year High
The economy grew 6.5 percent last year, its biggest expansion since the 1997-98 Asian financial crisis, as domestic consumption helped shield the country from the global economic turmoil.

Government Prepares Regulation On Shale Gas
The government is preparing regulations on shale gas, an unconventional gas source whose development will be similar to coal bed methane.

Moody's Also Says Indonesia Economy Now Investment Grade
Moody’s Investors Service raised Indonesia’s sovereign debt rating on Wednesday to investment grade following Fitch Ratings’ similar move last month.

Full Steam Ahead as PLN Targets Geothermal Power
State-owned power producer Perusaahan Listrik Negara expects to generate an additional 135 megawatts of electricity from its three geothermal power plants that are set to go online this year as part of its plans to boost capacity across the nation.

Airlines Seek Clarification on Rules for Flight Delay Compensation Program
Several airlines are still not ready to implement a new regulation that will allow passengers to claim Rp 300,000 ($33) in compensation if their flights are more than four hours late.

Govt plans special agency for infrastructure
The government will establish a special financial agency to finance infrastructure projects in the country, the country’s top economic minister has said.