April 12, 2016 edition
MINING
KPK To Target Mining IUPs
THE Corruption Eradication Commission (KPK) is set to start investigating mining business licenses (IUP) that lack so-called clean-and-clear certificates from the energy and mineral resources ministry. "Everything must be finished by May 15," said KPK head Agus Rahardjo in Balikpapan, East Kalimantan last week.
KPK To Target Mining IUPs
Read More
More Weekly Business articles in other editions
March 29, 2016 edition
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.
Google test Internet Balloons
Read More
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
Read More
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
Read More
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