GREAT OPPORTUNITIES FOR STEEL PRODUCERS

Indonesia-investments.com

The Indonesian Iron & Steel Industry Association (IISIA) says Indonesia is in big need of investment in the steel industry in order to expand the nation's steel production capacity. In the years ahead, steel demand is expected to rise strongly in Indonesia on the back of construction and infrastructure projects. Without investment, Indonesia will become increasingly dependent on steel imports.

Basso Datu Makahanap, Senior Official at IISIA, says Indonesia requires plenty of investment in the steel industry. Rising domestic steel production capacity would mean Indonesia can limit the amount of steel imports, while it would also generate more employment and more tax revenue for the Indonesian government...read more...

PADANG TOLL ROAD CONSTRUCTION KICKS OFF

President Joko “Jokowi” Widodo is scheduled to kick off construction of a toll road connecting Padang, the provincial capital of West Sumatra, and Pekanbaru, the capital of Riau, on Thurday, Public Works and Housing Minister Basuki Hadimuljono has said.

“Today, we have visited the [planned] location of the groundbreaking ceremony in Nagari Kasang [in Pariaman Regency, West Sumatra],” Basuki said during an inspection of the site as reported by Antara news agency...read full article here...

SIEMENS EYES WASTE-to-ENERGY PROJECTS

New PT Siemens Indonesia CEO Prakash Chandran expressed an interest in investing in waste-to-energy plant projects that would be constructed in a number of cities, Industry Ministry machinery and agriculture machinery director Zakiyudin said.

“Trash management is a big issue in  big cities. One solution is to convert trash into energy for electricity. Siemens has the technology to do this,” Zakiyudin told The Jakarta Post after attending a meeting between Industry Minister Airlangga Hartanto and Chandran at Airlangga’s office in Jakarta on Tuesday...read full article here...

INFRASTRUCTURE PROJECTS REMAIN A HIGH PRIORITY FOR INDONESIAN GOVERNMENT

The construction sector, especially the provision of physical infrastructure is one of the important sectors in the economic development system. Infrastructure becomes one of the pillars supporting the national economic growth. Based on data from the Central Bureau of Statistics (BPS) in 2016, the construction sectors is in the third position of source of economic growth with a contribution of 0.51 percent after the manufacturing sector and trade sector. The increase of construction sector makes the Indonesian economy in 2016 to grow by 5.02 percent, higher than in 2015 at 4.88 percent. In Q1 / 2017, Indonesia’s economy grew 5.01 percent (yoy) in Q1 / 2016. The rapid growth of the construction industry has transformed the construction sector into the largest contributor of Indonesia’s national income, with the contribution of the construction sector to the formation of Gross Domestic Product (GDP) also quite significant ie 10.38 percent or 4th after industry, agriculture, and trade sector...read full article here...

SOUTH KOREA LOOKS TO DEVELOP RI INFRASTRUCTURE

Following the state visit by South Korean President Moon Jae-in to Indonesia last week, the East Asian country has laid out concrete plans to get involved in Indonesia’s infrastructure projects through both government loans and private sector financing.

In a meeting between Public Works and Public Housing Minister Basuki Hadimuljono and South Korea’s Minister of Land, Infrastructure and Transport Kim Hyun-mee, the latter said her country was interested in developing two water conveyance systems to distribute water from the Karian Dam in Lebak, Banten, to nearby Serpong, Tangerang, South Tangerang and West Jakarta and an intelligent transport system (ITS) in Indonesia’s toll roads as well as building prefabricated houses for the low and middle-income population...read full article here...

JAPAN TO SOON DISBURSE 118.9B YEN LOAN

Japan will soon disburse a 118.9 billion yen (US$ 1.05 billion) loan in a move that will allow Imdomesia to kick off construction of Patimban Port in Subang, West Java, early next year.

Both parties signed a loan agreement for the project on Wednesday after inking another agreement that specified the approved terms, technically known as an exchange of notes, on Monday...read full article here...