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The merger process involving PT Pertamina Patra Niaga, PT Kilang Pertamina Internasional and PT Pertamina International Shipping is expected to be concluded by Jan. 1.
8 hours agoThe government has put back in motion a long-delayed plan to redenominate the rupiah, likely by cutting off three zeros, but economists warn the plan could cause more problems than it solves. ...
1 day agoIndonesia’s central bank currently holds only 80 tonnes of gold, just 5.9 percent of its total reserves. ...
2 days agoThe incentives include a streamlined visa process, faster access to the financial and banking system and attractive commercial and residential leasing, Trade Minister Thani Al Zeyoudi told a news conference in Dubai.
3 years agoAsked if the Singapore Food Agency (SFA) has received any indication from the Malaysian authorities as to when they might review or end the ban, Minister for Sustainability and the Environment Grace Fu said: “The answer is no.”
3 years agoThe second tax amnesty has dug up almost US$40 billion in hidden assets declared by Indonesian taxpayers, yielding over Rp 61 trillion in additional tax revenue.
3 years agoIn a Facebook post on Thursday (June 30), the Singapore Food Agency (SFA) said Indonesia has been approved as a new source of frozen, chilled and processed chicken meat for the country.
3 years agoThe government is optimistic that the budget deficit will drop to less than 4 percent of GDP this year despite increased spending to shield Indonesians from global shocks.
3 years agoPertamina now requires that customers register their vehicles on its website to buy subsidized gasoline or diesel. That way, the state-owned oil and gas company seeks to ensure the costly measure is not abused.
3 years agoRussia’s invasion of Ukraine could accelerate the world’s transition to clean energy, Lord Mayor of the City of London Vincent Keaveny told The Jakarta Post.
3 years agoThe government will require the use of its COVID-19 app PeduliLindungi for the purchase of bulk cooking oil in a bid to prevent hoarding or other malfeasance.
3 years agoOrganized workers have registered a petition for a judicial review of the 2011 Law on the drafting of laws and regulations, which serves as the legal framework for the controversial Job Creation Law.
3 years agoThe government could delay implementing the carbon tax for a second time.
3 years agoThe decision, which Juul said it would appeal, clears the way for rival brands to increase their share of the market it once dominated.
3 years agoIndonesia’s central bank will not increase its benchmark seven-day reverse repo rate (7DRRR) nor its lending or deposit facility rates, even though it anticipates full-year inflation slightly above its target range.
3 years agoIndonesia’s Transportation Ministry is pushing for progress on infrastructure work carried out in cooperation with Japan.
3 years agoA timeline shared with the public shows that next month is packed with events aimed at finalizing the trade agreement.
3 years agoThe government plans to raise the royalty on tin in a bid to gain more revenue amid surging commodity price, the Energy and Mineral Resources Ministry said on Tuesday.
3 years agoWhite House officials discussed options on Friday with Biden for reducing some of former President Donald Trump's punitive duties on China, including potentially substantial cuts, three of the sources said. The scale of any potential final move is not yet decided, they said.
3 years agoWTO director-general Ngozi Okonjo-Iweala said the trade ministers' conference had struck an "unprecedented package of deliverables" after the global trade body's 164 members passed the deals just before 5:00 am (0300 GMT) at the organisation's headquarters in Geneva.
3 years agoCountries were still negotiating on deadline day Thursday after frantically haggling through the night in a bid to salvage deals on food security, fishing and combating COVID-19 at the World Trade Organization's first conference in nearly five years.
3 years agoNegotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks have been going on at the World Trade Organization for more than two decades.
3 years agoPertamina is working on a smartphone app to ensure that people who are not eligible can no longer purchase subsidized gasoline.
3 years agoThe new rules seek to prevent conflicts of interest and ensure that leaders of state-owned enterprises (SOEs) are held accountable for losses.
3 years agoThe Finance Ministry has said that the government is phasing out the many tax incentives it introduced to buoy consumers and producers during the coronavirus pandemic.
3 years agoThe planned electricity hike would reduce budget spending by Rp 3.09 trillion (US$210 million) with minimal impact on inflation, the government announced on Monday.
3 years agoThe World Trade Organization's first ministerial meeting since December 2017 is wrestling with the wording of a text that would temporarily waive patents on coronavirus jabs.
3 years agoThe director-general from Nigeria said the world had changed since the WTO's last ministerial conference nearly five years ago.
3 years agoThe aim is to "flush out" shipments, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Panjaitan said on Friday, but the frequent policy changes have unnerved edible oil markets and heightened concerns over global food prices at time when the Ukraine conflict has deprived markets of a chunk of sunflower oil supply.
3 years agoThe sources, who declined to be named as the talks were private, said the government was considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime.
3 years agoIndonesia's legislature is proposing the inclusion of coal-based energy and nuclear power as "new energy" sources in a draft of a new bill seen on Wednesday, which also proposes renewable energy compensation and incentives.
3 years agoIndonesia has vowed to focus on energy security in its G20 chairmanship as the transition to clean power appears to have become a lesser concern for many countries.
3 years agoInvestment Minister Bahlil Lahadalia says exporting electricity generated from renewable sources could hamper the development of domestic industries, but other government officials say a ban may raise eyebrows among foreign investors.
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