Business News

RI Secures $10.95m in Investment for Three Oil, Gas Blocks

The Energy and Mineral Resources Ministry on Monday recorded a US$10.95 million investment commitment from operators (KKP) for exploration activities and well developments in three oil and gas blocks that were auctioned last year. The South Andaman Block in North Sumatra will be operated by MP Holding RSC. LTD, the…

Over 15.81 Million Tourists Visit Indonesia Last Year

Indonesia is striving to improve its access to the European market via three different arrangements with The Finance Ministry will look into the possibility of revising a policy it had implemented last September that increased import tax on 1,147 consumer goods products after concerns were raised that it hampered the…

Indonesia to Launch Islamic Economy Masterplan, Compulsory Halal Labeling not ‘Postponed’, Starts Oct 17 – Officials

JAKARTA - Indonesia’s National Committee for Islamic Finance (KNKS) will launch an Islamic economy masterplan in March to boost development of the country’s real economy and halal industries, Sutan Emir Hidayat, its Islamic Financial Education and Research Director told Salaam Gateway.The tentative launch date of the masterplan is March 26,…

RI eyes European market through trade talks with EEU ( RI Eyes European Market through Trade Talks with EEU

Indonesia is striving to improve its access to the European market via three different arrangements with economic unions on the continent. The latest development came last week when Trade Minister Enggartiasto Lukita signed a joint ministerial statement on trade with Tatyana Valovaya, the integration and macroeconomics minister of the Eurasian…
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