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 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.
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 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).
The pace of national coal production is expected to remain high this year even though the inhibiting factors have the potential to strengthen. Last year’s production realization was the highest at 528 million tons.
Biodiesel production throughout 2018 reached 6.01 million kiloliters, exceeding the target set at 5.70 million kiloliters.
The Ministry of Trade makes it easy for exporters who have market shares to countries that apply the origin declaration (information on the origin of goods).
The issuance of the Government Regulation No. 24 of 2018 on Electronically Integrated Business Licensing Service (“GR 24/18”)
The decision of the Surabaya Commercial Court to grant the peace proposal PKPU of PT Merpati Nusantara Airlines (Persero) was gladly welcomed.
Minister of Agrarian and Spatial Planning of the Republic of Indonesia has issued Regulation Number 14 of 2018 concerning Location Permits (“MR ATR 14/18”).