Business News

Indonesia develops coprocessing system for gasoline, LPG produced from CPO

The Energy and Mineral Resources Ministry has developed a coprocessing system for gasoline and liquefied petroleum gas (LPG) at its existing refineries.The ministry’s head of research and development, Dadan Kusdiana, said the system had been implemented in the United States, Italy and the United Arab Emirates, but with production in…

Indonesia polls bring battle over Belt and Road push

Indonesia has become the latest election battleground for Beijing’s soaring economic clout, as the opposition warns pro-China policies are saddling the mineral-rich archipelago with bad debt as it is sold off piecemeal to foreign interests.Business links with top trade partner China have been thrust into the spotlight by ex-general Prabowo…

Govt accelerates Masela block development

The government is putting pedal to the metal to accelerate the development of the gas-rich Masela block in the Arafura Sea off Maluku. Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan will meet with the chairman of Royal Dutch Shell on April 21 to discuss the continuation of the block’s development.…

Anti-plastic advocates call for details on plastic excise plan

Civil organizations and other stakeholders have called on the government to come up with a clearer action plan for the excise tax on plastics, which was introduced nearly three years ago in an effort to reduce pollution and increase state revenue. Plastic packaging is the only addition to the items…
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