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September 23, 2014 edition

SUBSIDIZED FUEL
Pertamina To Launch Fuel Card
To prevent misuse of subsidized fuel, state oil and gas company Pertamina, in cooperation with Bank Rakyat Indonesia will launch Fuel Card, an e-money card to be used for purchase of subsidized fuel. "As an initial step, the card will be introduced in Batam and the Riau Islands first," Hanung Budya, Pertamina's marketing and commercial director, said last week.

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More Weekly Business articles in other editions

September 9, 2014 edition

MINING
Newmont Can Begin Exporting This Week
The government has given Newmont Nusa Tenggara the green light to begin exporting copper concentrate from its Batu Hijau mine on the island of Sumbawa this week. A memorandum of understanding (MoU) on a new working contract with the company was expected be completed soon. "The negotiations will not take long," said R. Sukhyar, the Energy and Mineral Resources Ministry's directo-general of minerals and coal, said last week. "This week, Newmont will be able to export."

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