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Business 8 years ago
Foreign exchange reserve declines to US$118.3b in July
Indonesia’s foreign exchange reserve declined by US$1.5 billion to $118.3 billion in July, Bank Indonesia (BI) reported on Tuesday, lower than $119.8 billion reserve in June as the central bank continues its market intervention to prevent the rupiah from sliding further against the US dollar.
Business 8 years ago
Grasberg’s large copper reserves promise large profits: Minister
Energy and Mineral Resources Minister Ignasius Jonan has said the enormous copper reserves in the Grasberg Mine in Papau will deliver large profits for Indonesia, after the country signed an agreement to gain control of the majority share of gold and copper miner PT Freeport Indonesia (PTFI).
Business 8 years ago
Indonesia records additional 580m boepd production
The approval of the 26 plans of development in the first half has resulted in additional oil and gas production of around 580 million barrels of oil equivalent per day (boepd), Upstream Oil and Gas Regulatory Special Task Force chairman Amien Sunaryadi has said.
Business 8 years ago
Foreign exchange reserves decline as BI defends rupiah
Indonesia’s foreign exchange reserves fell to US$128.06 billion in February from $131.98 billion in the previous month, as the central bank moves to stabilize the rupiah’s volatility and pay off the government’s foreign debts.
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