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June 14, 2016 edition

FISHERIES
Import Taps Opened Slightly
Fisheries and Marine Affairs Minister Susi Pudjiastuti has denied a request for unrestricted fish import rights. She said a reduction in fish imports should be pursued instead. "I will not increase imports," Susi stressed during a meeting with Commission IV of the House of Representatives (DPR) last week.

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More Weekly Business articles in other editions

June 7, 2016 edition

TRANSPORTATION
Government Legalizes Ride-Hailing Apps
The government has finally acknowledged the existence of app-based taxi applications like GrabCar, GoCar, and Uber.

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May 10, 2016 edition

TRANSPORTATION
Government Inaugurates Nine New Ports
Transportation Minister Ignasius Jonan has inaugurated nine seaports in Sulawesi. They include a new port in Bungkutoko, Kendari, Southeast Sulawesi, as well as an eight-port development project in North Sulawesi, Central Sulawesi and South Sulawesi.

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May 3, 2016 edition

TRANSPORTATION
High-Speed Rail Not Ready for Halim
The government's Jakarta-Bandung high-speed railway project still lacks permission to connect to the Halim Perdanakusuma Air Force Base.

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April 26, 2016 edition

SOES
Establishment of Six SOE Holding companies Accelerated
The state-owned enterprises (SOEs) ministry is accelerating discussions on a draft government regulation concerning the establishment of six SOE holding companies. The formation of the six holding companies in the oil and gas, mining, banking, toll roads, housing and construction and engineering sectors is targeted to finish by mid-2016 in order to comply with President Joko Widodo's request for it to be concluded this year.

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April 19, 2016 edition

SOES
Angkasa Pura II Issues Bonds
Angkasa Pura II has issued Rp2 trillion in bonds. According to CEO Budi Karya Sumadi, the funds from the issuance will be used to boost the state-owned airport management company's capital expenditures. Danareksa and Mandiri Sekuritas have been named the underwriters.

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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.

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