TEMPO.CO, Jakarta – Finance Minister Sri Mulyani endorsed a World Bank assessment that in order to achieve its development goals, Indonesia must significantly improve the quality of its public expenditure. “Proper budget allocation is important but equally important is how it will be spent,” said Sri Mulyani, at the launch of the World Bank’s Indonesia Economic Quarterly-Sustaining […]
Read MoreTEMPO.CO, Jakarta – The tariff team led by Fiscal Policy Agency (BKF) of Finance Ministry will determine tariff on mineral and coal exports after the government relaxed the regulation thereof. Heru Priambudi, Director General of Customs and Excise at the Finance Minister, said that he continues to monitor the decision which will be made today, […]
Read MoreTEMPO.CO, Jakarta – The government welcomes investments in the coal-gas conversion (gasification) industry. The Industry Ministry’s director general of chemical, textile and various industries (IKTA) Achmad Sigit Dwiwahjono said Indonesia’s gasification potential is huge, considering the country’s large volume of low-grade coal reserves. “Low-grade coal can produce dimethyl ether, which can replace liquefied petroleum gas (LPG). […]
Read MoreTEMPO.CO, Jakarta – Indonesia`s export of crude palm oil (CPO) and its derivatives fell by nearly 2 percent to 25.7 million tons in 2016 from 26.2 million tons in 2015. Despite export decline, the price of crude palm oil (CPO) is on the rise, reflecting a good trend, and has reached Rp9.140 per kilogram (kg), as […]
Read MoreIndonesia’s abrupt easing of a three-year ban on nickel ore exports will not flood the global market but instead is aimed at balancing the country’s smelters and creating job opportunities at mines, top mining officials said on Saturday. Indonesian mines may export up to 5.2 million tonnes of nickel ore a year under the country’s […]
Read MoreJAKARTA: Indonesia’s finance ministry, which recently cut its business ties with JPMorgan Chase & Co , announced new rules that require primary bond dealers to “safeguard” their partnership with the government and avoid conflicts of interest. The regulation is likely to add to analysts’ concern about moves to strike back over unfavourable investment commentary after […]
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