March 15, 2016 edition
ENERGY
Govt To Buy 45 Million Barrels of Oil
The Energy and Mineral Resources Ministry is aiming to stockpile strategic petroleum reserves by buying 45 million barrels of petroleum on the world market. "It could be crude oil or fuel," said Energy and Mineral Resources Minister Sudirman Said at the House of Representatives building in Jakarta on Tuesday last week.
Govt To Buy 45 Million Barrels of Oil
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More Weekly Business articles in other editions
March 8, 2016 edition
March 1, 2016 edition
TRANSPORTATION
Jonan SEEKS LOWER Investment
Transportation Minister Ignasius Jonan has asked Indonesia-China Fast Train (KCIC) to recalculate the cost of the Jakarta-Bandung high-speed rail project. He said the initial proposal of US$5.57 billion (Rp76 trillion) needed to be lowered, as the length of the project had since been reduced from 152.3 kilometers to 142.3 kilometers because of changes to the route. "The investment value should be corrected accordingly," he said at the House of Representatives in South Jakarta last Thursday.
Jonan SEEKS LOWER Investment
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February 23, 2016 edition
ENERGY
Fuel-Stealing Rampant in Java
The Trade Ministry alleges that some 30 percent of filling stations (SPBU) along Java's north coast have been fudging the numbers, cutting down on the real volume of fuel sold to consumers. "This finding is based on a control (study) we conducted in 2015," said the Director-General for Consumers Protection and Trade Orderliness, Widodo, on Tuesday last week.
Fuel-Stealing Rampant in Java
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February 16, 2016 edition
February 9, 2016 edition
TRANSPORTATION
New Suramadu Toll Rates This Month
BASUKI Hadimoeljono, the public works and people's housing minister, is preparing to set new toll rates starting this month for the Suramadu bridge in East Java. The toll road management agency is performing a study on the right amount of tariff decrease. "That way the toll rates can be used for light maintenance," he said last Thursday.
New Suramadu Toll Rates This Month
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February 2, 2016 edition
TRANSPORTATION
Government Rejects High-Speed Rail Guarantee
Vice President Jusuf Kalla said the government was against providing any kind of guarantee for the completion of the Jakarta-Bandung high-speed railway project. He said the previous agreement was for a business-to-business arrangement. "No guarantee is needed because it is a regular investment," Kalla said last Thursday.
Government Rejects High-Speed Rail Guarantee