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Government Of Indonesia Sets Slight Increase For BUMNs Spending Jakarta, Indonesia - The government of Indonesia plans to inject RP 73.08 trillion for 42 state-owned enterprises (BUMNs or Badan Usaha Milik Negara), just above the RP 72.9 trillion budget last year. Governor Basuki "Ahok" Tjahaja Purnama said during a speech that the city administration hoped to perform better in 2015 than it did last budget year, which percentage-wise saw the lowest in spending and revenue. Only 59% of the 2014 allocated budget was spent last year, causing the slight increase. The budget was far from the RP 82 trillion which Ahok had predicted. This was discussed on a business meeting between the government and Commission XI of the House of Representatives in Jakarta on January 28. In the 2015 State Budget (APBN), the capital injection to BUMNs was budgeted at Rp 5.1 trillion for four state-owned companies. In the 2015 RAPBN-P, the allocation has been increased to Rp 72.9 trillion for 42 BUMNs. The objective is to enable business entities, which represent an arm of the government to realize the vision and mission of the president in building infrastructure. However, many construction companies have complaints if these goals are all materialized. For more information, please visit http://snapjudgment.org/axis-capital-group-join-jakarta-inter

Singapore - The infrastructure industry is growing by the minute and not only does it affect the leading cities in Asia like China and India on its growth but developing nations as well such as Indonesia and Singapore. Axis Capital Group, with branches on both countries, has predicted this growth and has leveled with the biggest names in the industry in Singapore. In pursuance of delivering only quality construction equipment, the company also aims to provide Singapore as well as Indonesia with all the assistance it can give for growth. In Singapore alone, construction contracts are predicted to reach between $29 billion to $36 billion this year, given a sustained pipeline of public sector projects. This is according to the Building and Construction Authority (BCA) Singapore. This follows an exceptionally strong performance from last year where a total construction demand set a new record of $37 billion, fuelled by a higher volume of institutional and civil engineering construction contracts. According to Global Intelligence, Singapore is the ninth most attractive city for real-estate investors for 2015. Many foreign investors have come to the country in search of greener pastures. However, as many alien nations seek out Singapore's potential, many of the country's wealthy business owners travel abroad for the expansion of their own brands, especially in UK, Australia, America, Japan and in the capital of Indonesia, Jakarta. Nevertheless, the nation's growth remains debatable and has been contested by other reviews. According to Bloomberg Business, Singapore said a global slowdown in the final months of the year will cap full-year economic growth at about 3 percent before an uneven recovery in 2015.The country's main economy remains modest despite the slight increase but many still believes that there is still a bright future ahead for the construction industry. You can also check our company's video here: <a