At the end of 2021 PT Ebara Turbomachinery Services Indonesia intended to expand their business by engaging one of their affiliates in Japan namely Elliott Ebara Turbomachinery Corporation as a new shareholder and also by injecting the fresh capital by the original shareholder called Ebara Corporation. In doing so, changes of control that results an…
The government through the Ministry of Investment / Investment Coordinating Board (BKPM) launched 47 sustainable investment projects worth Rp 155.12 trillion. Investment Minister/Head of BKPM Bahlil Lahadalia said the 47 projects were spread across a number of sectors, namely tourism, economic zones, industry and infrastructure. According to Bahlil Lahadalia, as many as 47 projects offered…
The Minister of Agrarian and Spatial Planning/Head of the National Land Agency Sofyan Djalil gave a keynote speech at the Infrastructure Outlook 2022 broadcast by CNBC Indonesia, Thursday (24/2/2022). In his presentation, Sofyan talked about the urgency of land in infrastructure development. “The availability of land free of disputes is very important,” he said. In…
Value Added Tax (PPN) will increase from 10 percent to 11 percent starting April 1, 2022. The increase in VAT rates follows the ratification of the Harmonization of Tax Regulations (HPP). Responding to this, the Director of the Tax Research Institute, Prianto Budi Saptono, said the 11 percent VAT rate was a middle way to…
The Directorate General of Highways of the Ministry of Public Works and Public Housing (PUPR) received a FY 2022 budget of Rp 39.70 trillion. PUPR Director General of Highways Hedy Rahadian said the majority of the total budget was allocated for connectivity infrastructure programs, which reached Rp 37.30 trillion or 92.94 percent. While the remaining…
PT Garuda Indonesia Tbk (GIAA) revealed a debt restructuring agenda with a number of creditors as a follow-up to the decision on temporary suspension of debt payment obligations (PKPU). Citing the information disclosed by Indonesia Stock Exchange (IDX), Wednesday (15/12/2021), the result of GIAA’s PKPU was related to the Commercial Court’s Decision at the Central…
Ministry of Public Works and Human Settlements is currently developing Drinking Water Supply System (SPAM) for regional scale in North Sumatera namely in Medan, Binjai and Deli Serdang (Mebidang). Mebidang Region SPAM is planning on serving drinking water needs for 80,000 House Connections or equal to 400.000 lives. The Minister of Public Works and Human…
By Justin Hasanuddin (22/12/2021) The Batam Indonesia Free Zone Authority (BIFZA/BP Batam) just signed a Cooperation Agreement to manage Hang Nadim Airport with PT Batam International Airport (PT BIB). Thereby, Hang Nadiem Airport is officially under the management of AP I with PT BIB. PT BIB is an Implementing Business Entity (IBE) formed under the…
Ministry of National Development Planning (Bappenas) is preparing a pre-feasibility study process regarding Public Private Partnership (KPBU) for the infrastructure construction of the new capital city. This is one of the schemes that the government relies on to fund the state capital (IKN) project. Currently, the PPP process which consists of four stages is ongoing….
Finally, the DPR, the Ministry of Law and Human Rights and the Regional Representatives Council (DPD) agreed on a list of Draft Laws (RUU) included in the 2022 Priority National Legislative Program (Prolegnas). Deputy Chairman of the Legislative Council (Baleg) of the Legislative Assembly, Ibnu Multazam, said that in the preparation of the 2022…