by VF | Sep 3, 2022 | ASEAN, Asia, Business, Economy, Southeast Asia, Technology
The first set of Chinese-made train cars for Indonesia’s high-speed railway has arrived in Jakarta. The 142.3-kilometer (88.4-mile) railway worth $5.5 billion is being constructed by PT Kereta Cepat Indonesia-China, a joint venture between an Indonesian consortium of...
by VF | Jul 17, 2022 | ASEAN, Business, Economy, News, Southeast Asia
Indonesia has temporarily scrapped its export levy for all palm oil products until the end of August in an attempt to boost exports and ease high inventories, finance ministry officials say. The decision by the world’s biggest palm oil exporter could further depress...
by VF | Mar 10, 2021 | ASEAN, Business, Technology, Travel
Japan, which was previously outbid by China to construct the line, rejected Indonesia’s invitation for a consortium of Japanese investors to build the extension, saying it will focus its involvement in the separate Jakarta – Semarang – Surabaya conventional rail...
