Medco E&P’s Temelat gas field goes onstream in South Sumatra

Jakarta-based oil and gas company Medco E&P sent its first gas from the onshore Temelat Field in South Sumatra on Monday, providing a boost to...

E-commerce brings in new entrepreneurs, expands market access in times of crisis

Many Indonesians are trying to be entrepreneurs to keep making money via e-commerce platforms amid the economic downturn caused by the unfolding COVID-19 pandemic....

BTPN sees net profit contract by 9% in H1

Publicly listed Bank BTPN recorded a contraction in its net profit in this year’s first six months as interest income decreased while bad loans...

Pertamina to drill up to 180,000 bpd from Rokan oil block after takeover

Pertamina Hulu Energi (PHE) aims to produce between 170,000 and 180,000 barrels of oil per day (bopd) from the celebrated Rokan block in Riau...

Govt plans to reopen economy by Q3 as experts caution against COVID-19 ‘second wave’

The Indonesian government is mulling over a plan to start easing the COVID-19 social restrictions in June to allow businesses to resume operations gradually. Raden Pardede, the special adviser...

Corn scarcity looms over poultry farmers in Blitar

The extreme rains that affected many parts of the country including Blitar, East Java in recent months have worried poultry farmers in the regency...

Islamic government bonds to fund projects worth $2b this year

The Finance Ministry is set to issue project-linked Sharia sovereign bonds (SBSN) this year to fund the development of 728 projects worth Rp 27.35...

Construction of Soekarno-Hatta International Airport II to commence in 2028: Bappeda

Construction of the new Soekarno-Hatta International Airport II in Karawang, West Java, is expected to commence in 2028, according to the local administration. Karawang Development...

Govt. channels Rp 11.84t to MSMEs and cooperatives, admits slow disbursement

The government has channeled Rp 11.84 trillion (US$809.1 million) from the COVID-19 stimulus package to small businesses and cooperatives as of Tuesday but conceded...

Telefast Indonesia to expand services, targets jobseekers

Human resources management solution firm PT Telefast Indonesia plans to expand its services amid rising unemployment caused by the COVID-19 pandemic, a company executive...

Bali sees 11 percent drop in number of domestic tourists

The number of domestic tourists in Bali from January to April decreased to 363,161, marking an 11 decrease in tourists from the same period in 2018, according...

Ministry turns virtual matchmaker to tout SMEs in US market

The Trade Ministry held a virtual business matchmaking event on Tuesday to help connect food and beverage (F&B) small and medium enterprises (SMEs) looking for potential buyers...

Companies keep doing business in Palu special economic zone despite outbreak

City-owned developer PT Bangun Palu Sulawesi Tengah (BPST), which oversees the development of the Palu Special Economic zone (SEZ) in Central Sulawesi, has reported that...

Indonesia has a $412 billion plan to rebuild the country

Indonesia is drafting ambitious plans for more than $400 billion in building projects, from constructing 25 airports to new power plants, as the government...

Gudang Garam enters road construction business

PT Gudang Garam Tbk (GGRM), one of the country’s major cigarette producers, will expand into the road construction business to increase the company’s sources of...

Jokowi warns on danger of hotspots as dry season hits

President Joko "Jokowi" Widodo, who used to plant trees in forests as a state firm employee, has lectured the authorities on the basics of...

Indonesia’s forex reserves hit all-time high in July from global bonds, govt loans

Indonesia’s foreign exchange (forex) reserves increased to US$135.1 billion in July, the highest level ever, following the government’s move to issue global bonds, Bank...

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

Microsoft Corp's professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus...

Credit guarantee to boost lending for MSMEs, but risk of bad loans haunts banks

The government’s new credit guarantee scheme is expected to boost lending for micro, small and medium enterprises (MSME) hit hard by the coronavirus pandemic,...

Trump’s trade tweets hammer China’s stocks and currency

Chinese stocks tumbled along with the yuan as a pair of tweets by President Donald Trump undermined confidence in a trade agreement. The ChiNext Index...

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