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View all search resultsEnergy and Mineral Resources Minister Ignasius Jonan has appointed Djoko Siswanto as the new oil and gas director general of his ministry in the hope that the latter can expedite the deregulation program and business licensing procedures in the country’s oil and gas sector.
The Jakarta Composite Index (JCI) on Wednesday dropped by 2.03 percent to 6,368.27 as Energy and Mineral Resources Minister Ignasius announced the government’s plan to immediately decide a domestic coal price under the domestic market obligation (DMO).
The Energy and Mineral Resources Ministry revoked on Monday 32 regulations, whether in the form of ministerial regulations or ministerial decrees, in a move that is expected to streamline bureaucracy and improve the country's investment climate.
The Energy and Mineral Resources Ministry recorded a significant annual increase of 61.45 percent in non-tax state revenue (PNBP) to Rp 129.07 trillion (US$9.53 billion) throughout 2017, which accounted for 49.6 percent of the national PNBP figure for the year.
Energy and Mineral Resources Minister Ignasius Jonan has called on Finance Minister Sri Mulyani Indrawati to immediately repay the government’s debts to state energy giants Pertamina and PLN to ease their financial burdens.
Despite increasing seismic activity at Mount Agung, a minister said tourists should not be afraid to visit Bali as the government has always been ready to give up-to-date information on the volcano’s status to minimize the impact in the event of a major eruption.
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