Upstream director Syamsul Alam of state-owned energy firm Pertamina has called on the government to declare that the country is facing an energy crisis, as it is now a net oil importer and would soon become a net gas importer, kompas.com reported on Wednesday. Syamsul said that current global oil reserves was 1,700 billion barrels, while Indonesia had oil […]
Read MoreMaritime Affairs and Fisheries Minister Susi Pudjiastuti says Indonesia has huge potential to overtake Singapore in the export of decorative fish, taking into account of the country’s large maritime territory. “Data from 2016 shows that Indonesia is the fifth-biggest decorative fish-exporting country with [global] market share of 7.13 percent, lower than Singapore’s market share of […]
Read MoreJAKARTA: Indonesia is shutting off the public funding tap for state-owned companies, pushing them to turn to the markets for capital. From toll-road operator PT Jasa Marga to electricity producer PT Perusahaan Listrik Negara, these 118 companies – with combined sales of US$133bil – must embrace new sources of fundraising starting next year, State-Owned Enterprises […]
Read MoreThe Finance Ministry’s directorate general of customs and excise has collected Rp 143.62 trillion (US$10 billion) in revenues as of November, or about 75.94 percent of this year’s target of Rp 188.1 trillion ($13.17 billion). Yustinus Prastowo of the Center for Indonesian Taxation Analysis (CITA) estimated on Tuesday that the office would collect about Rp 147.7 […]
Read MoreTEMPO.CO, Jakarta – Instagram is not only known for its use as an image-based social media application but it is also known to be the medium of choice for the business community. Up to November 2017, there are reportedly 25 million registered Instagram business community accounts that are dominated by small and medium-sized enterprises (SMEs). That number has increased […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) announced that it would issue a regulation on technology-based financial firms or fintech today, Dec. 5. Eny Panggabean, the executive director of BI’s Policies and System Supervisory Department, said her office had finalized the regulation, which is currently being processed by the Law and Human Rights Ministry. “The regulation on fintech companies is currently […]
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