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Regulations 1 year ago
PREMIUM
Ceramic makers protest cut in subsidized gas quota
Industry association Asaki has made its case at a meeting with House Commission VI on Monday, saying that PGN's move in August to cut the subsidized gas allocation to just 50 percent had led to increased costs for producers, as they had to source additional supplies at market prices.
Business 5 years ago
PREMIUM
Yearender 2020: Indonesian energy demand collapses to record lows
Energy demand has plummeted to historic lows as local administrations enacted partial lockdown to contain the pandemic. All but several industries, such as food, finance and medicine, were forced to shut down.
Business 5 years ago
Weak demand, govt incentives drive PGN profit down 88 percent
The publicly listed company’s revenue fell by 17.9 percent yoy to $1.47 billion in the January-June period, dropping more sharply than its expenses, which declined by 16.7 percent yoy to $1.01 billion following operational cuts.
