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Indonesia’s inflation rate in 2017 stands at 3.61%

Indonesia’s Central Bureau of Statistics said Tuesday that the country’s inflation rate for the year 2017 stood at 3.61%, up slightly from the previous two years but still below the target. The inflation rate was 3.35% in 2015 and 3.02% the following year, which was the lowest figure in five years. Last year’s inflation rate, […]

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Indonesia: Freeport given lifeline until June 2018

The government has once again extended the temporary permit of miner PT Freeport Indonesia (PTFI) until June 30, indicating that both parties were unable to settle their dispute before the Jan. 10 deadline. The current administration has been involved in intense negotiations with PTFI, a subsidiary of American mining giant Freeport-McMoRan, since early 2017 over […]

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Indonesia: Energy Ministry non-tax revenue jumps 61.45%

The Energy and Mineral Resources Ministry recorded a significant annual increase of 61.45 percent in non-tax state revenue (PNBP) to Rp 129.07 trillion (US$9.53 billion) throughout 2017, which accounted for 49.6 percent of the national PNBP figure for the year. “This achievement shows that the energy and mineral resources sector, besides its role of ensuring […]

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Indonesia: Govt Wants 50 Companies to Go Public in 2018

TEMPO.CO, Jakarta – The government is targeting to have more companies listed publicly in the Indonesia Stock Exchange (IDX) this year. Last year, 37 companies were recorded to have held initial public offerings (IPO). “We hope there will be more this year. Fifty if possible,” Coordinating Minister for Economic Affairs Darmin Nasution said during the last closing bell ceremony […]

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Indonesia: Investors Set Eyes on 5 Oil, Gas Blocks

TEMPO.CO, Jakarta – Deputy Minister of Energy and Mineral Resources Arcandra Tahar said that investors were interested in five oil and gas working areas offered by the government. The government held auctions to bid out ten oil and gas blocks at the end of last year. The auction lasted from 22 May to 29 December 2017. The Ministry of […]

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