Business News

Indonesia Aims to be Regional Digital Technology Hub in 2020

The government has vowed to improve the regulatory framework related to Indonesias digital economy as it aspires to become Southeast Asias digital hub next year.In the near future, digital technology will deeply influence the countrys development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister.For that…

As Indonesia's Oil Sector is Less Profitable, Its Time for Clean Energy: Experts

The continuous decline in oil prices that has led to a lower contribution to national revenue should become a wake-up call for the government to immediately kick off fiscal reform that would speed up the use of renewable energy, experts in a recent discussion said. According to a new report…

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…
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