TEMPO.CO, Jakarta – UK-based oil and gas company British Petroleum (BP) expanded its business in Indonesian retail fuel market. The company has joined hands with local fuel distributor PT Aneka Kimia Raya Corporindo Tbk (AKR), after signing an agreement on April 5, 2017, in London. Both parties agreed to establish a joint venture in the fuel business. […]
Read MoreMANILA, Philippines – The Bureau of Customs (BOC) said yesterday it has improved its revenue collection efforts during the month of March amid its intensified effort to curb smuggling in the country. Based on its preliminary report, the BOC said it collected P37.654 billion in duties and other tariff last month, up 16 percent from […]
Read MoreTEMPO.CO, Jakarta – A number of parties regretted the government’s decision to issue a special mining permit (IUPK) for PT Freeport Indonesia. State Administrative Law Expert from Universitas Indonesia (UI) Dian Puji Simatupang, stated that the permit should only be issued if the government and Freeport reached an agreement on ending the company’s Contract of Work […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) noted that consumers’ optimism in March 2017 increased, as reflected in the Consumers’ Confidence Index. Last month, the index rose to 121.5 from February’s 117.1. “The index’s rise comes from the Current Economic Conditions’ Index (IKE) increase of 3.5 points to 108.7 and the Consumers’ Expectation Index’s (IEK) 5.3-point climb […]
Read MoreThe Ministry of Electricity and Energy (MOEE) has plans to increase the electricity tariff in order to reduce its losses due to the difference between the cost of generating and distributing electricity, said U Htein Lwin, Permanent Secretary from MOEE. At the press conference to announce the ministry’s one-year performance, U Htein Lwin said that […]
Read MoreMyanmar’s international relations have improved since the National League for Democracy-led government took power in 2016, U Kyaw Zeya, permanent secretary of the Ministry of Foreign Affairs (MOFA), said yesterday. “When we review our performance, we mainly focus on where we have succeeded. It is difficult to assess our unsuccessful performance,” he said during a […]
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