The government and the House of Representatives have agreed to raise the countrys oil production target to 900,000 barrels per day from 845,000 barrels set in the original draft budget. The increase could potentially mean an addition of Rp11 trillion … Continue reading →
SilkAir, a subsidiary company of Singapore Airlines, has targeted the flight market in eastern Indonesia to boost its flights operation. “The eastern part of Indonesia has a potential market, which we believe will increase in the future,” the Assistant for … Continue reading →
President Susilo Bambang Yudhoyono has officially appointed Coordinating Economic Minister Chairul Tanjung as Acting Minister of Energy and Mineral Resources replacing Jero Wacik, who had been named a suspect on an alleged extortion case. Head of Public Communication of … Continue reading →
Indonesia must improve the quality of its products in order to prepare for regional rivalry when the ASEAN Economic Community (AEC) begins in 2015, says Industry Minister MS Hidayat. “If we do not improve the quality of our products … Continue reading →
President-elect Joko “Jokowi” Widodo met with board of directors of Japanese car maker Mitsubishi Corporation in Jakarta on Monday to further discuss the firm’s plan to pour investment into the country. “The automotive company wants Pak Jokowi to follow up with its plan to … Continue reading →
The total spending by domestic tourists in the first semester this year reached Rp76.16 trillion. “Until the first semester, this year, a total of 107 million domestic tourists have travelled across the country spending up to Rp76.16 trillion,” Tourism Minister … Continue reading →
Minister of Agriculture Suswono reported that agricultural sector has contributed surplus for the national trade balance amounting to US$17-20 billion derived from subsectors, such as oil palm plantations, cocoa, coffee, and rubber. The minister explained that the real contribution … Continue reading →
Surabaya city will host the Investor Summit and Capital Market Expo this year, Chief of Information and Education at the Indonesia Stock Exchange (BEI) Nur Harjantie remarked here on Wednesday. “The event will be held at the Grand City Convention … Continue reading →
Governor of Riau Province Annas Maamun revealed on Monday that a new oil reserve, presumably the biggest in Riau, was found in Rokan Hilir District by PT Chevron Pacific Indonesia (CPI). “Fifteen days ago, I met Chevron officials, and they … Continue reading →
Indonesia government has proposed an economic growth of 5.6 percent in the Draft 2015 State Budget, considering the improvement in economic fundamentals and economic stability as well as conducive external factors. “Global economic turmoil is predicted to continue next … Continue reading →