Business News
Indonesia to Double Development Drilling in 2021 amid Recovering Crude Prices
The Indonesian government estimates that the national oil and gas industry will drill 616 new wells this year as global crude oil prices begin recovering. The target is the highest since 2014 and a 150 percent increase from last year’s drilling activities. Brent Crude, the global price benchmark, hit US$56…
OJK Releases Rules for Online Loans, Prevent Money Laundering and Terrorist Funding
The Financial Services Authority (OJK) has tightened the rules for peer-to-peer (P2P) lending. This step is to prevent P2P lending from becoming a place for money laundering and terrorism financing. In this regard, the OJK issued Circular Letter (SE) Number 6 / SEOJK.05 / 2021 concerning Guidelines for the Implementation…
Yogyakarta will Play Host to ATF 2023
ASEAN Tourism Forum will return to Yogyakarta when it is Indonesia’s turn to host the annual event again come 2023.The city last hosted the event in 2002.The announcement was made by Indonesian minister of tourism and creative economy, Sandiaga Uno, at the 24th Meeting of ASEAN Tourism Ministers. “I am…
Sulawesi & Papua's Economies are Growing Positively Thanks to Nickel and Copper
The Central Bureau of Statistics noted that the national economy contracted 2.07% last year compared to 2019. However, the economies of Sulawesi, as well as Maluku and Papua managed to grow positively. Head of BPS Suhariyanto explained that the Sulawesi economy grew 0.23%, while Maluku and Papua grew 1.44%. However,…
