Business News

As Chevron exit looms, Indonesia eyes Italian Eni to take over IDD gas megaproject

American oil and gas giant Chevron plans to withdraw from the national strategic Indonesia Deepwater Development (IDD) project in Makassar Strait and the government has wasted no time seeking a replacement.The government has approached Italian oil and gas company Eni to take over the project, said Energy and Mineral Resources…

Jokowi Spreads Social Aids, Many Investors Interested in This Shares Sector

The government is currently preparing a new economic stimulus, namely assistance to workers with monthly salaries of under IDR 5 million. This stimulus is planned to start being distributed by the government in September 2020 through the Ministry of Manpower.Minister of State-Owned Enterprises (BUMN) Erick Thohir as the Chief Executive…

Govt seeks to boost tourism in West Sumatra with new port, road

The government plans to develop port infrastructure in Padang to spur tourism in West Sumatra, especially in the Mentawai Islands regency, an official has said. The planned Marina Center would not only serve as a port but also culinary center, said Ridwan Djamaluddin, the undersecretary of infrastructure and transportation coordination…

Enjoy Bali responsibly, minister urges tourists as resort island reopens

A minister has urged travelers to comply with health protocols in Bali as the island has reopened for domestic tourists in the hope of reigniting the local economy hit by the pandemic. National Development Planning Minister Suharso Monoarfa assured the public on Tuesday that the island was safe for visits…
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