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British Petroleum Expands to Indonesian Retail Fuel Market

TEMPO.CO, Jakarta – UK-based oil and gas company British Petroleum (BP) expanded its business in Indonesian retail fuel market. The company has joined hands with local fuel distributor PT Aneka Kimia Raya Corporindo Tbk (AKR), after signing an agreement on April 5, 2017, in London. Both parties agreed to establish a joint venture in the fuel business. […]

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Philippines: Customs improves collections in March

MANILA, Philippines –  The Bureau of Customs (BOC) said yesterday it has improved its revenue collection efforts during the month of March amid its intensified effort to curb smuggling in the country. Based on its preliminary report, the BOC said it collected P37.654 billion in duties and other tariff last month, up 16 percent from […]

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Indonesia: Consumers Expect Prices to Rise in June, BI Says

TEMPO.CO, Jakarta – Bank Indonesia (BI) noted that consumers’ optimism in March 2017 increased, as reflected in the Consumers’ Confidence Index. Last month, the index rose to 121.5 from February’s 117.1. “The index’s rise comes from the Current Economic Conditions’ Index (IKE) increase of 3.5 points to 108.7 and the Consumers’ Expectation Index’s (IEK) 5.3-point climb […]

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