For companies that are already on the verge of bankruptcy, with debts of billions and even trillions of rupiahs, and financial conditions that are predicted to not make them be healthy, who says there is no hope of operating again?
Trade ministers from member economies of the Asia Pacific Economic Cooperation (APEC) are convening in Chile, host of the APEC 2019, to strengthen regional economic integration, against a backdrop of slowing trade growth.
Indonesia and Argentina have agreed to double the value of bilateral trade between then to $3.4 billion within the next two years as both countries seek alternative destinations for their commodities amid a global trade war
Following PTBA’s plan to build two coal gasification plants in Sumatra, company president director Arviyan Arifin said he expected the studies to be completed by the end of the month.
Indonesian state energy firm PT Pertamina has signed a production sharing contract with the government for the country’s second-largest crude producing field.
In trying to reduce Indonesia’s decade-long oil trade deficit, the government is facilitating oil and gas companies that have won contracts to accelerate their investment in their blocks even before the transfer of operation.
Royal Dutch Shell is moving to sell its stake in Indonesia’s US$15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal programme that has raised more than US$30 billion.
APROBI estimates the country may export up to 2 million kilolitres (kl) of unblended biodiesel in 2019 in an “optimistic scenario”
Mining companies operating in the area were required to maintain the state’s infrastructure along the national, provincial and district roads they were passing through.
The infrastructure development in various areas saw an increasing demand for several materials which could not be produced domestically.