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Indonesia Extends Freeport Operation Permit

TEMPO.CO, Jakarta – The Indonesian Government has agreed to extend Freeport Indonesia’s permit to operate its business parallel to building a smelter. The agreement was reached in a meeting at the Finance Ministry on Tuesday, July 4. According to the deputy of mining, strategic industries, and media at the State Owned Entreprises (SOE) Ministry, Fajar Harry Sampurno, the meeting […]

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Thailand: Consumer prices drop again

Consumer prices, which gauge the country’s inflation rate, dipped for a second straight month in June, mainly due to lower oil prices and baht gains. The drop led the government to cut its inflation forecast yesterday to 0.7-1.7% this year from a previous projection of 1.5 -2.2%.  According to the Commerce Ministry’s data, the consumer price […]

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Cambodia embassy calls for calm as workers flee Thailand

The Cambodian embassy in Thailand has called on illegal workers not to leave Thailand as officials attempt to negotiate a deal to allow migrants to stay in their jobs. A crackdown on illegal workers in Thailand has frightened many migrants, with thousands returning home following the announcement of the new executive decree on foreign labourers last week. According to a letter […]

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