Business News
EU’s new strategy for Asia & the ASEAN countries
On January 21, High Representative for Foreign Affairs and Security Policy Federica Mogherini and, Minister of Foreign Affairs of Singapore Vivian Balakrishnan co-chaired the joint ASEAN (Indonesia, Malaysia, the Philippines, Singapore, Thailand) meeting in Brussels for wide-ranging discussions on common challenges and on strengthening the critical EU-ASEAN relationship. Foreign ministers…
Medco to buy Ophir Energy in 391m pound deal
Medco Energi Global, a subsidiary of oil and gas giant Medco Energi International, reportedly clinched a deal on Wednesday to take over the United Kingdom-listed oil and gas giant Ophir Energy in a 390.6 million pound sterling ($511 million) agreement. “We are pleased to announce a recommended transaction with Medco.…
Use of B50 fuels expected to save foreign exchange earnings
Jakarta (ANTARA News) - The use of a 50 percent biodiesel blend (B50) will enable Indonesia to save foreign exchange earnings, Vice Chairman of the National Economic and Industrial Committee (KEIN) Arif Budimanta stated. "This is part of the National Energy General Plan (RUEN) in accordance with the president`s directives.…
BKPM records Rp 721.3t investment in 2018
The Investment Coordinating Board (BKPM) has recorded Rp 721.3 trillion (US$51.1 billion) in foreign and domestic investment throughout 2018, up 4.1 percent from the year before.The investment realization has missed the target set in the National Medium Term Development Plan (RPJMN) at Rp 765 trillion, which in October was adjusted…
