591640_620
Read More

Indonesia Needs USD 70 billion for Infrastructure Projects

TEMPO.CO, Jakarta – Wismana Adi Suryabrata, deputy for the infrastructure of the National Development Planning Agency (Bappenas), Indonesia requires USD 70 billion (IDR932 trillion) annually to support infrastructure development. Wismana explained that the government has to fill USD 50 billion infrastructure budget gap. To meet the financial needs for infrastructure, according to Wismana, the government must seek alternative funding […]

Read More
c1_1218101_170320141646_620x413
Read More

Indonesia plans to sue PTTEP over 2009 oil spill

JAKARTA – Indonesia is preparing to sue a unit of Thailand’s PTT Exploration and Production (PTTEP) for environmental damage from the Montara oil spill in 2009, the country’s Coordinating Maritime Affairs Ministry said. The move follows earlier attempts at negotiation that stalled in 2012, and a separate class action suit filed by a group of […]

Read More
c1_1218162_620x413
Read More

Indonesia, Philippine stocks fall on profit-taking

Indonesian and Philippine shares fell on Monday as investors chose to book profit after recent gains, while Malaysia hit its highest in nearly 22 months on the back of gains in telecom stocks. The Jakarta Composite Index closed 0.1% lower following last week’s record-setting spree with consumer and energy stocks leading the decline. “I think […]

Read More
biodiesel-n2
Read More

Indonesia plans to file WTO complaint over EU biodiesel duties

JAKARTA: Indonesia plans to file a World Trade Organization complaint this month against European Union anti-dumping duties on biodiesel exports from the Southeast Asian country, trade officials said on Sunday. Indonesia said in a statement the EU duties on biodiesel were inconsistent with the WTO’s Anti-Dumping Agreement and disputed the calculations that they were based […]

Read More
506047_620
Read More

Indonesia: Government Regulates Online-Based Public Transportation Tariffs

TEMPO.CO, Jakarta  plans to regulate the lowest fares for taxi-hailing services next month. “The top and bottom fares will be [regulated],” Director General of Transportation for the Ministry of Transportation Pudji Hartanto said on Tuesday, March 14, 2017. The Organization of Land Transportation (Organda) had earlier protested against the lack of minimum fares for taxi-hailing […]

Read More