SINGAPORE - Indonesia is at the end of a commodities boom and in the midst of a "cyclical downturn", but investors who brave uncertainty and venture early into the country will "reap great profit", Indonesian President Joko Widodo said on Tuesday. "The world is full of uncertainty and risk - it means that today is the best time to invest...

If we look deeper into the context of PT Freeport Indonesia’s contract amendment, it is related to the issuance of the 2009 Mining Law. The law obliges mining companies to process their mining products in this country before exporting them, but Freeport had been in operation and was bound by a contract before the law was implemented. Talks about adjusting Freeport’s contract to bring it in line with the law have been going on for a long time.

SINGAPORE: Singapore's Prime Minister Lee Hsien Loong and Indonesia's President Joko Widodo on Tuesday (Jul 28) reaffirmed their commitment to strengthen ties between both countries. Mr Widodo is on his first official visit to Singapore, since taking office in October last year. Addressing the media after a meeting, Mr Lee said both sides discussed how to increase economic cooperation between Singapore and Indonesia.

Indonesia’s ambition to massively develop industrial estates across the country may take longer than expected as it is hampered by inadequate infrastructure and vast geographical distances, an industrial official says. Under the administration of President Joko “Jokowi” Widodo, Southeast Asia’s largest economy aims to build at least 14 industrial estates outside the main island of Java within five years to spur economic growth across the archipelago.

Indonesian president Joko Widodo expressed on Monday his hope that China will build Indonesia into an Asian production base with ever increasing economic cooperation between the two countries. Widodo made his statement during a meeting with the visiting chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Yu Zhengsheng, said Indonesian foreign minister Retno Marsudi.

Realized investments showed a significant increase in the first half of this year as foreign direct investment (FDI) continued flowing into the country’s despite the global economic slowdown, according to the government’s latest investment figures.