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 […]
Read MoreTEMPO.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 […]
Read MoreAfter a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]
Read MoreMANILA, Philippines — It was a roller coaster ride for the mining industry last year. One minute it was down in the dumps, with regulatory changes threatening its existence. The next it was up in the clouds after its biggest opponent, former environment secretary Gina Lopez, lost her post. The minerals sector continued to make […]
Read MoreMANILA, Philippines — Debt servicing fell almost 15 percent in the first 11 months of 2017 on the back of lower principal payments. Data from the Bureau of the Treasury (BTr) showed that the government paid P652.5 billion worth of debt from January to November last year, or P112.54 billion lower than the P765.04 billion […]
Read MoreMANILA, Philippines — The tax reform law, which reduces personal income tax but imposes a higher tax on fuel, cars, tobacco and sugary beverages to bankroll the government’s infrastructure and development projects, takes effect today. To kick off the effectivity of Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law, Revenue […]
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