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Business 5 years ago

Ministry mulls retiring giant Suralaya coal plant, replacing it with solar farm

The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, as Indonesia chases its long-delayed commitments to cut carbon-dioxide emissions.

Business 5 years ago

RI to break long-term green energy promises at current pace: IESR

“We can’t just put out a new vision,” said National Energy Board policy head Sugeng Mujiyanto.

Business 5 years ago

Govt delays import reduction deadline amid COVID-19

Industry Minister Agus Gumiwang Kartasasmita told journalists that the ministry had decided to delay the deadline to reduce imports by 35 percent from 2021 to 2022.

Business 5 years ago

Bumi Resources lowers sales target amid market pressures

Bumi Resources aims to sell up to 90 million tons of coal this year, down from an initial target of 93 million tons, the firm’s corporate secretary Dileep Srivastava told The Jakarta Post on Tuesday.

Business 5 years ago

No annual growth target for virus-hit China, a first in years

Instead, given "great uncertainty" caused by the COVID-19 pandemic, Beijing will "give priority to stabilising employment and ensuring living standards", he told the opening of the National People's Congress.

Business 5 years ago

SKK Migas lowers oil and gas targets, seeks fiscal stimulus

Oil and gas companies face lower productivity, delivery delays and slower mobilization times due to coronavirus emergency measures.

Business 5 years ago

Pertamina, PGN cut revenue targets as weak rupiah, lockdown severely hurt businesses

Pertamina has been hit hard by a “triple shock” of crashing crude oil prices.

Business 5 years ago

Pertamina to go ahead with higher oil production plan despite oil price crash

Crude prices fell about 30 percent on March 9 after the world’s largest oil exporting country, Saudi Arabia, slashed selling prices and set plans to increase crude production next month

Business 6 years ago

Apple says will not meet revenue forecasts due to virus

US tech giant Apple said Monday that disruption due to the novel coronavirus had hit both production and demand in China, and the company was "experiencing a slower return to normal conditions" than planned.