Business News
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…
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,…
