February 9, 2016 edition
TRANSPORTATION
New Suramadu Toll Rates This Month
BASUKI Hadimoeljono, the public works and people's housing minister, is preparing to set new toll rates starting this month for the Suramadu bridge in East Java. The toll road management agency is performing a study on the right amount of tariff decrease. "That way the toll rates can be used for light maintenance," he said last Thursday.
New Suramadu Toll Rates This Month
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More Weekly Business articles in other editions
February 2, 2016 edition
TRANSPORTATION
Government Rejects High-Speed Rail Guarantee
Vice President Jusuf Kalla said the government was against providing any kind of guarantee for the completion of the Jakarta-Bandung high-speed railway project. He said the previous agreement was for a business-to-business arrangement. "No guarantee is needed because it is a regular investment," Kalla said last Thursday.
Government Rejects High-Speed Rail Guarantee
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January 26, 2016 edition
INFRASTRUCTURE
Jakarta-Bandung High-Speed Railway Project Inaugurated
President Joko Widodo inaugurated the construction of the Jakarta-Bandung high-speed train project at Perkebunan Nusantara VIII's tea estate in Mandalawangi Maswati, West Bandung regency, West Java, last Thursday. The plantation is slated to be a transit-oriented development (TOD) area that will be integrated with the development of New Walini city.
Jakarta-Bandung High-Speed Railway Project Inaugurated
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January 19, 2016 edition
FINANCE
BKPM Prunes Investment Licensing
The Investment Coordinating Agency (BKPM) launched a new service for investors at the Central One-Stop Integrated Service Point (PTSP) to shorten licensing time. BKPM Chief Franky Sibarani said the service constituted a breakthrough to facilitate new investment ventures as well as business expansion undertakings.
BKPM Prunes Investment Licensing
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January 5, 2016 edition
MINING
Freeport Boss Resigns
Freeport McMoran founder James Moffett resigned from his position as the company's chairman of the board last week. Freeport McMoran shares continued to decline at the stock exchange. Moffett was reported to have made a wrong decision in capital expenditure amid plunging oil and gas prices. As a result, Freeport suffered massive losses. By September 2015, losses amounted to US$8.15 billion. During the same period last year, Freeport enjoyed profits of US$1.54 billion. In addition, share value continued to fall, from US$ 60 to US$ 6.86 per share.
Freeport Boss Resigns