The government has started its first meeting with state-owned energy holding company Pertamina to discuss a formula that will determine the price of Premium, Indonesia’s subsidized and cheapest type of gasoline. Deputy Energy and Mineral Resources Minister Arcandra Tahar said the new formula to determine the price would consider the cost structure. “Once the discussion in our ministry is completed, we […]
Read MoreThe Indonesian Chamber of Commerce and Industry (Kadin) has called on the government to delay the issuance of a regulation that would allow foreign investors to own 100 percent shares of their business units in the country. “There are some points that should be the government’s attention, particularly those related to the negative investment list […]
Read MoreWhile the latest economic policy package was just announced earlier this week, President Joko “Jokowi” Widodo has called on his ministers to further evaluate policies on investment and tax incentives to ensure they were apt to attract investors. The key for higher economic growth was investment and exports, said the President at Bogor Palace in […]
Read MoreThe government will allow foreign investors to have full ownership in 25 business units, among the 54 business units that were removed from the Negative Investment List (DNI) stipulated in the 16th economic policy package announced earlier this week. “So, the withdrawal of [54] business units from the negative investment list was not to invite foreign […]
Read MoreThe government has suspended construction of some sections of the light rapid transit (LRT) and the Jakarta-Bandung high-speed railway to ease worsening traffic on the Jakarta-Cikampek toll road, but it allows work on the elevated toll road to continue. “We will demand the postponement of [work on] the LRT and high-speed railway projects at Kilometers […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Transportation has threatened to give stricter sanctions to Grab Indonesia. Grab, an applicator for online transportation service provider has received a written warning after a number of sexual harassment cases committed by the driver partners to its service users. “It does not mean that we cannot be more assertive,” said Director General […]
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