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March 22, 2016 edition

TELECOMMUNICATIONS
Google test Internet Balloons
GOOGLE has begun testing its internet balloons, or GoogleX Project Loon in Indonesia. "Google will try it out in Indonesia for a year," said Coordinating Minister for Maritime Affairs and Resources Rizal Ramli, after meeting with Google vice president Mike Cassidy in Jakarta last Tuesday.

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More Weekly Business articles in other editions

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.

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March 8, 2016 edition

TRANSPORTATION
Four Non-Commercial Airports To be Inaugurated
The operation of newly expanded, non-commercial airports in Sorong, West Papua; Wakatobi, Southeast Sulawesi; Tarakan, North Kalimantan; and Gorontalo is set to kick off this month.

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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.

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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.

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February 16, 2016 edition

Masela Awaits Presidential Decision
Pertamina is still awaiting government approval for its plans to develop the Masela Block project.

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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.

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