Business News

Jokowi ratifies seven trade agreements

President Joko “Jokowi” Widodo has ratified seven bilateral and multilateral trade agreements by signing a presidential regulation in a bid to boost trade, according to a senior trade official. Trade Ministry secretary-general Karyanto Suprih confirmed on Tuesday that he had been informed about the ratification. “This morning, I heard that…

RI, EFTA Countries To Sign Trade Deals

Indonesia has wrapped up negotiations for a free trade and investment pact with members of the four-nation European Free Trade Association, and a final agreement is due to be signed in December, Indonesia’s trade minister said. Negotiations on the Comprehensive Indonesia-European Free Trade Association Comprehensive Economic Partnership Agreement (IE-CEPA) between…

Government steps back from new negative investment list policy

Following protests by business representatives about the new ownership and negative investment list, the government has stepped back from its policy of removing 54 business sectors from the current negative investment list (DNI). Coordinating Economic Minister Darmin Nasution said on Friday the new policy, which was part of the 16th…

Interested to Processing Oil and Gas Blocks in Indonesia? Here the Terms and Conditions

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar explained three main criteria set by the government in determining the winning bidder for the Phase II 2018 Conventional Oil and Gas Work Area. These three criteria were fulfilling the requirements and conditions of the auction, financial health and the…
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