JAKARTA: Indonesia has suspended exports from Indonesian seafood company PT Putri Indah into China after its frozen fish products tested positive for the coronavirus, the country’s fisheries ministry said in a statement on Saturday. The ministry said that an investigation was underway and that the suspension would only apply to PT Putri Indah “whereas the […]
Read MoreThe government’s decision to allow oil and gas producers to choose production sharing contracts (PSCs) is a positive step forward for investors in the upstream industry, compared with the less favorable gas ceiling policy, according to energy consultancy Wood Mackenzie. The Energy and Mineral Resources Ministry ruled on July 15 that all producers may choose […]
Read MoreThe Indonesian government should use the COVID-19 pandemic as an opportunity to accelerate economic reforms to attract more investment after the health crisis recedes, an economist with multinational investment bank and financial services holding company HSBC has said. Joseph Incalcaterra, the chief economist for ASEAN at HSBC, said on Wednesday that the current uncertainty of […]
Read MoreBank Indonesia (BI) has decided to leave its interest rate unchanged to safeguard financial market stability as the current coronavirus-induced economic downturn and concerns over the central bank’s independence weigh on the currency. The benchmark seven-day reverse repo rate will remain at 4 percent, while deposit facility and lending facility rates were also kept at […]
Read MoreThe government has proposed providing Rp 37.38 trillion (US$2.5 billion) in capital injections for state-owned enterprises (SOEs) next year, some of which will be used to resolve the investment mismanagement scandal involving state insurer PT Asuransi Jiwasraya. During a meeting with House Commission XI overseeing financial affairs on Tuesday, Finance Minister Sri Mulyani Indrawati said […]
Read MoreINDONESIA’S August trade figures remained weak, with imports in particular expected to continue underperforming due to weak domestic demand, said economists after the release of official data on Sep 15. Though improving marginally from July’s year on year declines, both imports and exports remained weak. Imports were down 24.2 per cent year on year, while […]
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