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Effectiveness of Indonesian palm oil moratorium disputed

The Indonesian government has placed a temporary ban on the development of its lucrative palm oil industry as it seeks to review existing concessions and sort out land ownership problems.  The three-year moratorium, based on a presidential instruction issued on Sept 19, orders five ministries, the state investment coordinating body BKPM and regional governments to conduct a […]

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Indonesia: Freeport gets another monthly permit extension

The government has issued another temporary permit extension for gold and copper miner PT Freeport Indonesia (PTFI) as the divestment process of shares from Freeport-McMoran (FCX) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is still incomplete. The temporary special mining permit (IUPK) is being issued by the government as the previous temporary […]

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Digital technology and Indonesia’s consumer megatrends

Fast-growing digital technology and connectivity are reshaping consumer behavior. According to the latest report by London-based strategic market research company Euromonitor International, which breaks down consumer trends and spending in Indonesia, digital technology, connectivity and social media play an important role in how consumers make decisions. Euromonitor groups the products and services into five categories […]

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Indonesia to sign sales and purchase agreement on Freeport

The government and American mining giant Freeport-McMoran (FCX) plan to sign a sales and purchase agreement on Thursday afternoon in what would be another step toward majority ownership of PT Freeport Indonesia (PTFI) by state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum). The agreement is one of three required for the divestment process of PTPI’s shares. The two […]

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Indonesia imports more fuel in 2018

State-owned energy holding company Pertamina’s oil imports stood at an average of 393,000 barrel per day (bpd) up to August, 6 percent higher than in the entire year of 2017, when it imported 370,000 bpd on average. The company’s official presentation, circulated among the media on Wednesday, shows that Pertamina’s gasoline imports stood at 316,000 bpd, […]

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