Business News

House approves revised Mining Law amid outcry

As the country grapples with the COVID-19 crisis, lawmakers have approved a controversial revision of the 2009 Coal and Mineral Mining Law, despite outcry from civil society organizations.The new law, aimed at developing Indonesia’s downstream mining industry and increasing economic growth, will allow miners to extend permits through a simpler…

Demand for Photovoltaic Panels Plummets in Indonesia Amid Pandemic

Indonesia’s photovoltaic (PV) providers face a bleak business outlook at least in the next six months as the government and individual users cut back spending on anything deemed nonessential amid the pandemic, including solar panels. Demand for commercial PV panels was down up to 70 percent in the March-April period…

Exports of Agricultural Commodities Continue Despite Logistical Disruptions

Indonesia’s exports of agricultural commodities have continued despite logistical disruptions caused by measures to contain the COVID-19 pandemic.The Agriculture Ministry officially dispatched a shipment of 94,000 tons of agricultural commodities including mangosteen, ornamental plants, coconut water, nutmeg and cloves last week to 43 countries in Asia and Europe through the…

Indonesia Sets Price Floor for Nickel Ore to Protect Small Miners

The government has put a floor under the price of nickel ore to protect small miners amid Indonesia’s aggressive efforts to develop downstream mining industries.Energy and Mineral Resources Ministry Regulation No. 11/2020 mandates using Indonesia’s monthly mineral ore benchmark price (HPM) – previously used to calculate mining royalties – as…
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