An infrastructure project in Cibubur, Jakarta (illustration)

Foreign banks to finance infrastructure projects

REPUBLIKA.CO.ID, JAKARTA - Several foreign banks including Standard Chartered Bank, Deutsche Bank, and World Bank member International Finance Corporation (IFC) will extend 250 million USD to the Indonesia Infrastructure Finance (IIF). At a press conference on Thursday, the President Director of the IIF, Sukatmo Padmosukarso, announced that the funds from the banks would be used to increase access to long-term...

Foxconn is a major supplier to Apple Inc. (illustration)

Foxconn to decide fate of Indonesia's project in Oct

REPUBLIKA.CO.ID, TAIPEI - Foxconn Technology Group would decide in October whether to proceed with a planned 1 billion USD manufacturing project in Indonesia after a new government took office, a company source said on Thursday. Foxconn, a major supplier to Apple Inc, wants to expand beyond China, where its massive production base has come under fire from international labour groups...