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Indonesia: Government to issue new regulation on coal permits

The government is in the process of issuing a new regulation on coal miners, which is aimed at strengthening the position of the government. Under the planned regulation, contracts of work (PKP2B) will be replaced by the special mining permit (IUPK). Energy and Mineral Resources Ministry mineral and coal Director General Bambang Gatot Ariyono said the planned regulation was part […]

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Philippines, Indonesia improve cooperation vs smuggling

MANILA, Philippines — The Philippines and Indonesia have agreed to strengthen their cooperation against smuggling, a move seen to pave the way toward improved regional efforts against illicit cross-border trade, according to the Department of Finance (DOF). In a letter, Finance Secretary Carlos Dominguez and Indonesian Finance Minister Sri Mulyani Indrawati said they are both open to work with their countries’ respective customs […]

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Garuda Indonesia records best OTP in Asia Pacific

Flag carrier Garuda Indonesia has recorded the best on time performance (OTP) in the Asia Pacific with 90.4 percent of its 15,000 flights in October landing on time, according to official airline guide Flight View. Its results in October surpassed its performance in September, when it recorded 90 percent OTP arrivals, making the big five […]

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Getting richer, more Indonesians shift to premium rice

Following the consumption trend of middle-income consumers, rice producers have started to distribute more premium rice instead of medium-quality rice, a report submitted to the Indonesia Stock Exchange (IDX) says. The report from rice producer PT Buyung Poetra Sembada (HOKI) shows that the company’s revenue increased 17.78 percent from January to September to Rp 1.06 trillion (US$72.14 million), compared to […]

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