The government revised down the Indonesian coal reference price to US$92.41 per ton in January, 0.1 percent lower than the price in the previous month, which was $92.51 per ton. Energy and Mineral Resources Ministry spokesperson Agung Pribadi said the revision was in response to China’s new coal import quota policy. “The policy has led […]
Read MoreShips at the Makassar Container Terminal in South Sulawesi are having to wait for five or seven days before they can load and unload cargo. Makassar Port Authority head Harno Trimadi said on Thursday that the terminal was beyond its capacity, as it was left to deal with 670,000 20-foot equivalent units (TEUs) even though it […]
Read MoreThe government plans to revoke the limitation on the number of franchise outlets of convenience stores as well as food and beverage outlets to accelerate investment in retail business. But the Indonesian Employers Association (Apindo) warns that such a policy could affect local retail business, including small shops. “In the revision, there will no longer […]
Read MoreAlthough 2019 is expected to see a repeat of the previous year’s challenges, some sectors have a rosier outlook than others. The Jakarta Post looks at the prospects of the 2019 economy to see the potentials amid challenges posed by the global environment. Compiled by Marchio Irfan Gorbiano, Norman Harsono, Rachmadea Aisyah, Riska Rahman, Riza Roidila Mufti, […]
Read MoreStatistics Indonesia (BPS) on Wednesday announced that the whole-year inflation rate was 3.13 percent, lower than the 3.5 percent target set in the 2018 state budget. The 2018 rate was also lower than 3.61 percent inflation in 2017, but higher than 3.02 percent inflation in 2016. BPS head Suhariyanto said the low figure was caused […]
Read MoreThe West Nusa Tenggara (NTB) provincial administration has launched its digital payment service called SAMSAT Delivery to allow people to pay annual tax for their vehicles through their smartphones. “This innovative program is for the first time available in Indonesia. We hope this will increase the rate of vehicle tax payment,” NTB Police chief Insp. […]
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