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Indonesia will focus on infrastructure projects and social programs worth $97 billion over the next five years as President Joko Widodo seeks to rescue Southeast Asia’s largest economy from the fallout of the coronavirus pandemic. The government has added 56 new projects including five industrial estates, 13 dams and five airports to its priority list, Coordinating Minister for Economic Affairs Airlangga

Jakarta. Indonesia is preparing a 4,000-hectare industrial complex in Brebes, Central Java, for a US pharmaceutical company relocating from China, after a discussion last month between President Joko “Jokowi” Widodo and US President Donald Trump. Sanny Iskandar, the chairman of the Industrial Estates Association (JKI), confirmed the news to Investor Daily at the weekend, saying that state-controlled Kawasan Industri Wijayakusuma industrial

As a year of fires around the world from Brazil to Australia drew to a close, Indonesia’s capital was having the opposite problem. On the last night of 2019, more than 35 centimeters (14 inches) of rain fell on the sprawling city, causing rivers to burst their banks and inundate thousands of homes. At least 60 people died, with floodwaters rising

To help Hong Kong enterprises capture the opportunities arising from the National 12th Five-Year Plan, the Hong Kong Special Administrative Region Government set up a “Dedicated Fund on Branding, Upgrading and Domestics Sales” (“the BUD Fund“) in June 2012 to assist enterprises in exploring and developing the Mainland market through developing brands, upgrading and restructuring their operations and promoting domestic sales

Indonesia’s economy is expected to perform slightly better in 2020 on the back of improved commodity prices and easing external pressures, economists have said. In its latest Global Economic Prospect report, the World Bank forecast Indonesia would book 5.1 percent gross domestic product (GDP) growth in 2020 and 5.2 percent in 2021. The figures were 0.2 percent lower compared with its