March 1, 2016 edition
TRANSPORTATION
Jonan SEEKS LOWER Investment
Transportation Minister Ignasius Jonan has asked Indonesia-China Fast Train (KCIC) to recalculate the cost of the Jakarta-Bandung high-speed rail project. He said the initial proposal of US$5.57 billion (Rp76 trillion) needed to be lowered, as the length of the project had since been reduced from 152.3 kilometers to 142.3 kilometers because of changes to the route. "The investment value should be corrected accordingly," he said at the House of Representatives in South Jakarta last Thursday.
Jonan SEEKS LOWER Investment
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More Weekly Business articles in other editions
February 23, 2016 edition
ENERGY
Fuel-Stealing Rampant in Java
The Trade Ministry alleges that some 30 percent of filling stations (SPBU) along Java's north coast have been fudging the numbers, cutting down on the real volume of fuel sold to consumers. "This finding is based on a control (study) we conducted in 2015," said the Director-General for Consumers Protection and Trade Orderliness, Widodo, on Tuesday last week.
Fuel-Stealing Rampant in Java
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February 16, 2016 edition
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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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