The government and a number of lawmakers continue to express opposing opinions on an oil and gas bill as the former wants to maintain the Oil and Gas Regulatory Task Force (SKKMigas), while the latter wants the role of SKKMigas to be taken over by state-owned oil and gas holding company Pertamina. The Energy and Mineral Resources […]
Read MoreThe government has targeted Rp 500 billion (US$35.49 million) in revenue from plastic taxes as stated in the 2019 state budget, but the plan to issue a regulation on the issue is still in the early phase despite previous expectations that it would be issued late last year. Customs and Excise Directorate General spokesman Deni […]
Read MoreReports of a government plan to regulate the fares of app-based motorcycle taxis have given some hope to Fariz, a driver who switched to an app-based service from a regular one six months ago. “Food prices and other prices have soared and I am barely keeping up to make ends meet with the current rate,” he […]
Read MoreState-owned lender PT Bank Negara Indonesia (BNI) has announced it will stop disbursing credits for ownership of apartments in Meikarta township project, following the arrests of several people, including executives of Lippo Group, by the Corruption Eradication Commission (KPK) in a bribery case. BNI retail director Tambok PS Simanjuntak said the ceasing of the disbursement […]
Read MoreExporters have welcomed the government’s short-term policy to boost exports by reducing the number of the commodities requiring surveyor reports (LS’s) and those on the restricted exports list. Indonesian Exporters Association (GPEI) chairman Benny Soetrisno said the government’s plan to ease export procedures was a good step, because the LS process required time and was costly for exporters. Benny believed the […]
Read MoreThe government said it would ease procedures to boost exports, with the aim of bolstering the country’s current account, as the trade deficit was recorded at US$ 8.57 billion in 2018, the largest deficit since 1975. Statistics Indonesia (BPS) recorded that the country had a $11.4 billion trade surplus in 2017. Coordinating Economic Minister Darmin […]
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Thailand
