Business News
Low Stock, KPPU Asked the Ministry of Trade to Immediately Issue a Garlic Import Permit
The Business Competition Supervisory Commission (KPPU) asked the Ministry of Trade to immediately issue a Garlic Import Approval (SPI) for a number of companies that have obtained Horticultural Product Import Recommendations (RIPH) from the Ministry of Agriculture so that the commodity price increase does not occur. KPPU Deputy for Studies…
SOE Ministry Aims for Up to 12 IPOs in Next Three Years
The government is targeting between eight and 12 initial public offerings (IPOs) of state-owned enterprises (SOEs) in the next three years to end a hiatus of state-backed companies entering the stock market. SOE Minister Erick Thohir said on Thursday that the state-owned companies and their subsidiaries were expected to conduct…
Indonesia Targets over $372 Billion in Investment to Speed Up Recovery
Massive investment is needed for the economy to grow by 5 percent year-on-year (yoy) in 2021, with a major contribution from the private sector, according to the National Development Planning Agency (Bappenas). It further estimates that investment expenditure would have to be between Rp 5.81 quadrillion (US$372.97 billion) and Rp…
SKK Migas Expects Italy’s Eni to Take Over Gas-Rich IDD Project by First Quarter of 2021
Indonesia has pinned its hopes on Italy-based oil and gas supermajor Eni to take over the multibillion-dollar deepwater development (IDD) project in the Makassar Strait by March 2021 at the latest, right on the heels of Chevron’s exit. Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) head Dwi Soetjipto…
