Business News
Minister: Indonesia now world’s largest biodiesel producer
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said on April 26 that India is now the world’s largest biodiesel producer with a daily output of 137,000 barrels, much higher than the US with 112,000 barrels, Brazil 99,000 barrels and Germany 62,000 barrels. This success has positioned Indonesia as a…
The Ministry of Investment has a fiscal role for specific investor needs
The transformation of the Investment Coordinating Board (BKPM) into the Ministry of Investment is expected not only to change the nomenclature of the institution, but to expand its functions and powers. This is necessary so that the main objective of this ministry to be established, namely to attract investment, can…
Indonesia Plans to Stop Importing Fuel, LPG by 2030
The Energy and Mineral Resources (ESDM) Minister Arifin Tasrif on Tuesday’s National Energy Council (DEN) plenary said Indonesia plans to stop the imports of fuel (BBM) and LPG in 2030. The meeting was led by President Joko “Jokowi” Widodo which aimed to discuss the national strategic plans from 2021 to…
Indonesian coal miner Adaro Energy looks to renewables
Major Indonesian coal miner Adaro Energy aims to enter the renewable energy sector this year, CEO Garibaldi Thohir said on Monday, calling biomass, hydrogen and solar power the company's top options.Thohir said Adaro is currently drawing up a "Green Initiative" and plans to announce details in coming months. Over the…
