Twenty-one companies will relocate their factories from Karawang, West Java to other regions on account of next year’s minimum wage increase, an official has said. “According to our records, between 2017 and 2018, 21 companies relocated their factories because they could not afford to pay wages,” said Karawang Manpower and Transmigration Agency head Ahmad Suroto said […]
Read MoreState-owned oil and gas holding company Pertamina has made agreements with nine private oil companies to buy their export quotas of crude oil production to help reduce crude oil imports. “I just received a report from Pertamina about its agreements with nine private oil companies,” Energy and Mineral Resources Ministry Oil and Gas Director General […]
Read MoreThe 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 […]
Read MoreMANILA, 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 […]
Read MoreFlag 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 […]
Read MoreFollowing 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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Thailand
