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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 […]

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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 […]

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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 […]

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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 […]

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Indonesia Gears Up for IMF, World Bank Annual Meetings

TEMPO.CO, Jakarta – Indonesia is gearing up for IMF and World Bank Annual Meetings in October 2018 in Bali. Transportation Minister Budi Karya Sumadi said he will provide adequate transportation for the annual meeting. “The Transportation Ministry’s role is to provide transportation services, particularly airports,” he said after a coordinated meeting at the Coordinating Ministry of […]

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Indonesia Investment Week Singapore Chapter to be Held in July

TEMPO.CO, Jakarta – Indonesia will hold the Indonesia Investment Week Singapore Chapter 2017 on July 13-15 in the Marina Bay Sands, Singapore. According to Zaidin A. Zaiti, PT Eksibit Internasional president director, the event would promote investment opportunities in Indonesia to foreign investors. Eksibit Internasional is the organizer of International Investment Week since 2004. The […]

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