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vrijdag 9 december 2016

Indonesië: W. Java allocates Rp200 billion for Ciletuh Geopark infrastructure

W. Java allocates Rp200 billion for Ciletuh Geopark infrastructure

West Java provincial government has allocated Rp200 billion (US $ 14.8 million) for the development of infrastructure, including roads and bridges, to Ciletuh National Geopark in Pelabuhan Ratu, Sukabumi district, in 2017. "We have developed the area since last year; we have built a road there with funds worth Rp90 billion. For 2017, we have allocated Rp200 billion for roads and bridges," West Java Governor Ahmad Heryawan said here on Monday (28/11). The government would build a road along its coast stretching from Loji coast in Pelabuhan Ratu to Puncak Darma area.

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Economy to Grow by 5.0-5.1 Percent in Q4: Minister Sri

Finance Minister Sri Mulyani Indrawati said in Jakarta on Thursday (10/11), November 10, 2016 that the economic growth to stand at the range of between 5.0 and 5.1 percent, "due to expansive fiscal policy." According to Sri Mulyani, ministries and institutions will realize their budget expenses at the end of 2016, which is estimated to reach 96 percent of the target. Sri Mulyani added that the state expenditure in the period of October-December 2016 would stand at Rp 600.6 trillion (US$46.2 billion), comprising of central government expenditure and budget transfers to regional governments.

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BKPM upbeat over $43b investment target

The Investment Coordinating Board (BKPM) is upbeat that the country will reach the investment realization target of Rp 594 trillion (US$43.8 billion) this year, claiming that the country remains attractive to foreign investors despite the global economic slowdown. "We will reveal the figure of 2016 investment realization soon. I am positive about the target. Moreover, I think next year we can set a more ambitious target than this year," BKPM chief Thomas Lembong said on Thursday (1/12),

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