The Energy and Mineral Resources Ministry recorded a significant annual increase of 61.45 percent in non-tax state revenue (PNBP) to Rp 129.07 trillion (US$9.53 billion) throughout 2017, which accounted for 49.6 percent of the national PNBP figure for the year. “This achievement shows that the energy and mineral resources sector, besides its role of ensuring […]
Read MoreTEMPO.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 MoreTEMPO.CO, Jakarta – State oil and gas company Pertamina recorded an increase in the consumption of non-subsidized fuels by 10 percent during the Christmas and New Year holiday season. “Consumers’ interest in quality fuels is reflected by the increasing consumption of non-subsidized fuels, such as Pertalite, Pertamax, Dexlite, and Pertamina Dex,” Pertamina spokesperson Adiatma Sardjito said in a […]
Read MoreTEMPO.CO, Bali – Central bank Bank Indonesia Governor Agus Martowardojo projected inflationrate up to the third week of December 2017 will reach 0.42 percent. “On the third week of December, the inflation rate is about 0.42 percent,” Agus said in Bali on Saturday, December 23. Agus said that the inflation rate in this period is attributed to the rise of food prices including eggs and chili. Even though the […]
Read MoreA House of Representatives lawmaker has called for the formulation of a law on renewable energy to serve as the legal basis for the country’s effort to source 23 percent of its total energy needs from renewables in 2025, from 7.7 percent last year. The development of renewable energy is currently based on the 2007 […]
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