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The upgraded facility will boost Balikpapan’s processing capacity to around 360,000 barrels per day (bpd), overtaking the Cilacap refinery as the country’s largest.
8 months agoThe President ordered authorities to step up enforcement earlier this month in islands rich in the metal used in everything from electronics to making glass. ...
8 months agoChina's economic growth slowed to the weakest pace in a year in the third quarter, as a property crisis and trade tensions hurt demand, leaving policymakers with the daunting challenge of rebalancing GDP drivers towards greater consumption over time. ...
8 months agoThe government must zero in on strengthening manufacturing, cutting logistics costs, ensuring legal certainty and preserving fiscal credibility if it wants to turn the President's 8 percent growth dream into reality, experts say, and perhaps kill the free meals program..
8 months agoThrough policy decrees and institutional restructuring, Prabowo has tightened the state’s authority over fiscal resources and assets, as evident in his push for a more active role for state-owned enterprises (SOEs) in key industries and top-down approach to welfare.
8 months agoThe move comes after the 2023 release of The Super Mario Bros. Movie, co-produced with major United States animation studio Illumination, boosted sales of games in the franchise after becoming a record-breaking global hit.
8 months agoThe government is rolling out another stimulus package worth Rp 30 trillion for the fourth quarter, primarily focusing on cash transfers and graduate internships.
8 months agoStar Wars: Starfighter is filming in Britain, soundstages in Hungary are packed and post-production houses in Australia are humming, as the global film industry keeps rolling despite US President Donald Trump’s renewed threats to impose tariffs on movies made outside of the United States.
8 months agoIncreasing deliveries of the popular single-aisle airplane is critical to restoring Boeing's financial stability, following years of production disruptions and crises that have left it deep in debt and losing money as planemakers receive the bulk of a customer's payment when they hand over an airplane.
8 months agoEnglish winemakers are betting that surging exports can sustain their once novelty product after domestic sales growth slowed, hoping for a boost from Britain's warmest summer on record this year as climate change optimized conditions.
8 months agoInvestment growth slowed in the third quarter as foreign direct investment (FDI) logged its steepest annual drop in five years, while domestic investors continued to sustain the gains.
8 months agoCanberra has officially revoked the antidumping duty (BMAD) on clear float glass products from Indonesia, opening a new chapter for exporters, after an Australian competitor ceased production.
8 months agoAmid the escalating trade war between the US and China, the former senior minister emphasized that Indonesia must “show dignity” as a sovereign nation by not bowing to pressure from Washington.
8 months agoThe dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the US economy supported the case for more rate cuts by the Federal Reserve.
8 months agoGaruda Indonesia has appointed Glenny H. Kairupan, a retired military officer and member of President Prabowo Subianto’s Gerindra party, as its new CEO, a move analysts say tightens political oversight of the state-owned enterprise.
8 months agoThe president pledged to strengthen oversight, introduce stricter sanitation procedures and invest in new kitchen equipment and water filters amid reports of food poisoning in the free meals program.
8 months agoThe government’s plan to blend 10 percent ethanol into all gasoline faces uncertainty as key ministries offer conflicting timelines and targets, reflecting internal disagreement over the policy.
8 months agoAPRIL Group, a leading manufacturer of pulp, paper and board products, and the International Union for Conservation of Nature (IUCN) have announced a five-year strategic collaboration aimed at strengthening conservation science and improving biodiversity outcomes.
8 months agoCanadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest US$13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.
8 months agoStocks rose across most of Asia on Thursday, with the chip sector buoyant following a strong rally among US peers overnight.
8 months agoThe finance minister plans to postpone enforcing a withholding tax on e-commerce transactions, but not everyone is on board with that decision.
8 months agoThe finance minister said the funds have not been allocated yet, so there was no real money to be returned, while urging better absorption in the free meals program.
8 months agoIndonesia has long struggled to lift its tax-to-GDP ratio beyond the 10 percent mark, with the figure worsening from 10.3 percent in 2023 to 10.08 percent last year.
8 months agoUntil the halt, Indonesia was one of the biggest suppliers of carbon credits to the international market, mostly through the REDD+ reforestation scheme.
8 months agoThe Industry Ministry is drafting a new regulation that will compel all industrial estates and factories across Indonesia to regularly report radiation survey results in response to the discovery of the radioactive isotope Cesium-137 (Cs-137) in the Cikande industrial area in Banten.
8 months agoThe comments come as the iPhone maker looks to sidestep US tariffs on shipments from countries including its production hubs, China and India, by boosting already hefty investment in the United States to $600 billion over the next four years.
8 months agoManpower Minister Yassierli said the ministry had issued a circular on Monday for local governments to help increase company participation in the effort.
8 months agoDecisions by most countries to not retaliate against US President Donald Trump's tariffs are among the top factors bolstering the global economy's resilience, IMF Managing Director Kristalina Georgieva said on Tuesday.
8 months agoThe finance minister said the state budget should play no role in restructuring the high-speed railway’s credit as the state-owned enterprises involved were managed by state asset fund Danantara.
8 months agoThe Dutch government has invoked a Cold war-era law to effectively seize control of Nexperia, a Chinese-owned chipmaker based in the Netherlands.
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