Trade Ministry international trade director general Oke Nurwan has said the Indonesian government and several companies have won in a biodiesel antidumping case against the European Union at the appeal hearing at the EU court recently. The court had ordered the EU to scrap the antidumping tariffs between 8.8 to 23.3 percent against Indonesian biodiesel […]
Read MoreThe Energy and Mineral Resources Ministry plans to expand the use of biodiesel to 3.5 million kiloliters annually by encouraging the mining sector and state-owned railway operator KAI to use the fuel. “I just reported the plan to use biodiesel for [trains operated] state-owned railway operator PT Kereta Api Indonesia,” the ministry’s new and renewable […]
Read MoreThe government plans to expand the number of non-cash food assistance program (BPNT) recipients from the current 1.2 million to 3.2 million households. The government is assessing the preparedness of the e-warung (electronic shops), which are appointed to handle the distribution of staple foods in 24 regencies and cities, said Coordinating Human Development and Culture Minister […]
Read MoreThe government is courting foreign investors in a bid to lure investment to fuel its infrastructure development program, given the state budget’s limited capability to fund President Joko “Jokowi” Widodo’s ambitious infrastructure projects. National Development Planning Minister Bambang Brodjonegoro, who recently embarked on a roadshow to the United Kingdom, Australia and Ireland to pitch for […]
Read MoreFood product company PT Indofood Sukses Makmur of the Salim Group has booked Rp 4.17 trillion (US$291.9 million) in net profit in 2017, slightly increased by 0.6 percent year-on-year (yoy). Its net margin declined to 5.9 percent from 6.2 percent, mainly due to the absence of income in 2017 from discontinued operations, the company stated. Indofood’s net […]
Read MoreState-owned lenders Bank Negara Indonesia (BNI) and Bank Mandiri will start charging users of Go-Jek’s digital payment platform, Go-Pay, when topping-up their balances. “Effective April 2018, every Go-Pay top up transaction through BNI’s e-channels (BNI ATM, BNI SMS Banking, BNI Internet Banking, BNI Mobile Banking) will be charged a Rp 1,000 [US$0.07] administration fee,” an […]
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Thailand
