The Energy and Mineral Resources Ministry has announced a downward revision of its electricity procurement target because of an unexpected slowdown in the growth of electricity demand. In the 2019-2028 electricity procurement plan (RUPTL), the projected growth of electricity demand is set at 6.42 percent annually, down from 6.86 percent in the 2016-2025 RUTL. Therefore, […]
Read MoreBank Indonesia (BI) announced its plan to maintain its policy rate for the third successive month after a two-day board of governors meeting on Thursday. The central bank also pledged to continue its efforts to ensure adequate liquidity in the banking sector to encourage loan growth this year. During the meeting, BI decided to maintain […]
Read MoreThe Indonesian government is preparing a regulation to relax the value added tax (VAT) refund requirements for foreign tourists to support efforts to achieve this year’s target to attract 20 million tourist arrivals. “We have prepared a foreign ministerial regulation,” said Finance Ministry Taxation Director General Robert Pakpahan in Jakarta on Tuesday, adding that the new […]
Read MoreKUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and its joint venture partners Repsol and MOECO have made the largest gas find in Indonesia in 18 years in the Sakakemang block in South Sumatara. Repsol said on Wednesday the KBD-2X well provides preliminary estimation of at least 2 trillion cubic feet (TCF) of recoverable resources. “The find […]
Read MoreIf the Indonesian government increases the fares of ride-hailing services too high to please the drivers, it could turn away customers who find them no longer economical. That’s the finding of a study by the Research Institute of Socio-Economic Development (Rised), which concluded that more than 70 per cent of current customers would cease using […]
Read MoreThe government has tapped into the global sukuk (Islamic bonds) market, recently issuing bonds worth US$ 750 billion with a five-and-a-half-year maturity period and a 10-year tenor of $1.52 billion, both of which were oversubscribed. The sukuk will be registered in the Singapore Stock Exchange and NASDAQ Dubai in the United Arab Emirates, with a […]
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Thailand
