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Economy
Economy
Law Destroyed in the House
Ratification of the revised Mineral and Coal Mining Law draws criticism, with many accusing it of only benefitting mining corporations. A leaked letter from the Energy Commission points out that the deliberations should not continue.
Economy
debt restructuring
Private and state-owned companies are in a race to restructure their debts due to the waning economy. The government anticipates limited liquidity in financial institutions.
Economy
Expanding Costs for the Biodiesel Program
The decrease of crude oil prices is endangering the biodiesel program. The price difference of biofuels and diesel fuel has driven up the amount of funds needed to pay incentives to biodiesel producers.
Economy
Two Disappearing Acts
The newest regulation regarding sustainable oil palm plantation certification draws a barrage of criticism. Two added considerations—human rights and traceability of raw materials—are deleted.
Market Pulse
A Back Alley to Avoid Economy Contraction
AS it turns out, Covid-19’s toll on the Indonesian economy exceeds many analysts’ expectations.
Economy
Upstream Chaos
The oil-and-gas upstream industry is revising its 2020 targets, as it gets hit from all sides.
Economy
Lots of Oil, No Tanks
In order to take advantage of sagging prices, Pertamina plans to buy oil in bulk. The problem is where to store it.
Economy
Bitter Taste of Sugar Shortage
The government is struggling to keep up consumption sugar supply after prices soared. This comes in the midst of an impending global food crisis due to the Covid-19 pandemic.
Economy
Short-cutting Budgeting Procedures
The act of using presidential regulations to make drastic changes to the state budget is seen as a violation to the constitution.
Economy
Ministry of Trade Secretary-General, Oke Nurwan
If Things Are Strict Upstream, Why Do We Fear Illegal Timber Downstream?
Economy
Loose Timber Regulation
The trade minister issued a new regulation on forestry industrial products export. Some fear that the absence of requirements showing timber validity will increase illegal logging.
Market Pulse
Enduring the Hardship till the Cure Comes
THE global financial market is embracing the mother of all crisis. Analysts are increasingly convinced that the market collapse caused by the Covid-19 pandemic will be worse than the 2008 crisis, and indeed every other crisis in history.
Economy
Piles of Waste Problems
The KPK recommended that the government revise its waste power generating projects. They are considered as merely profiting investors and burdening the state budget.
Economy
Uneven Progress
Government’s program to expedite a number of waste-to-energy plant projects are not progressing at the same pace. Only projects in Surabaya are ready to operate.