Business News

Medco to buy Ophir Energy in 391m pound deal

Medco Energi Global, a subsidiary of oil and gas giant Medco Energi International, reportedly clinched a deal on Wednesday to take over the United Kingdom-listed oil and gas giant Ophir Energy in a 390.6 million pound sterling ($511 million) agreement. “We are pleased to announce a recommended transaction with Medco.…

Use of B50 fuels expected to save foreign exchange earnings

Jakarta (ANTARA News) - The use of a 50 percent biodiesel blend (B50) will enable Indonesia to save foreign exchange earnings, Vice Chairman of the National Economic and Industrial Committee (KEIN) Arif Budimanta stated. "This is part of the National Energy General Plan (RUEN) in accordance with the president`s directives.…

BKPM records Rp 721.3t investment in 2018

The Investment Coordinating Board (BKPM) has recorded Rp 721.3 trillion (US$51.1 billion) in foreign and domestic investment throughout 2018, up 4.1 percent from the year before.The investment realization has missed the target set in the National Medium Term Development Plan (RPJMN) at Rp 765 trillion, which in October was adjusted…

Ministry to issue 1,000 certificates to support wood products

The Environment and Forestry Ministry is planning to issue 1,000 wood legality certificates this year to support the revival of the country‚Äôs wood industry.Environment and Forestry Minister Siti Nurbaya Bakar stressed that the revival of the wood industry should be supported by an adequate supply of high-quality raw materials and…
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