Documents Show Indonesia Released Banned N. Korean Coal
Indonesia has released seized North Korean coal in apparent violation of U.N. sanctions, posing a challenge to U.S.-led international efforts to crack down on Pyongyang’s sanctions evasion
Indonesia electricity chief charged with bribery over coal-fired power plant
Investigators in Indonesia have charged the head of the state-owned power utility with corruption in connection to a coal-fired plant being built in Sumatra.
Limitation of the Use of Cash in Transactions
A cash transaction is a transaction method that is commonly used by Indonesian citizens. However, as time goes by, this matter will indirectly lead to particular advantages and disadvantages.
Power infrastructure to drive Indonesia’s energy sector growth
Construction of power infrastructure — chiefly coal-fired power plants — will remain the primary driver of growth in Indonesia’s energy and utilities sector for the near future, said Fitch Solutions Macro Research in a Jan 16 report.
PLN to acquire coal mines to secure supply
State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023.
BKPM issues 1,239 business registration numbers daily
The Investment Coordinating Board (BKPM) issued 1,239 business registration numbers (NIB) per day during the period of January 2-11, 2019.
Oil, Gas Reserves Found in 2018 Higher than Target: Official
The government claimed on Monday that it had managed to find more oil and gas reserves in 2018, expanding the reserve-replacement ratio (RRR) to 105 percent as of December last year, 5 percent higher than the target of 100 percent.
E-commerce Businesses Subject to New Tax Law in April
E-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions.
Indonesia Plans Investment Tools to Keep Amnesty Funds Onshore
Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than $10 billion that was repatriated under a tax amnesty program three years ago
Indonesia’s Medco Energi could offer USD436m for Britain’s Ophir
Indonesia’s Medco Energi International Tbk PT said on Friday a possible all-cash takeover offer by its unit for Ophir Energy would value the British firm at 340 million pounds ($435.88 million).