Business News

RI Pushing LNG Exports Amid Excess Supply

The government is looking to increase liquefied natural gas (LNG) exports to counterbalance the high imports of oil and liquefied petroleum gas (LPG), which have been blamed for causing the continuing trade deficit. The government recently gave the green light for United Kingdom-based oil giant BP to export 84 cargoes…

National Trade Seminar

28th February 2019 | The representative of IBAI Ms. Mulyaningsih Prawirowiryono was attending the National Trade Seminar held by the Indonesian Chamber of Commerce and Industry at JS Luwansa Hotel Ballroom, Kuningan Jakarta. This seminar discussed regarding the export acceleration of industrial products through optimization of innovation and efficiency of…

Government issues export permits for Freeport, Amman Mineral

The ministry’s mineral supervision and business director, Yunus Saifulhak, explained that the ministry had allowed PTFI to export 198,282 wet metric tons (wmt) of copper concentrate, while for Amman Mineral, the government had allowed it to export 336,100 wmt.The amount of concentrate allowed to be exported was based on the…

Government Pins Hope on Sukuk to Deepen Financial Market

The government is hoping that Indonesia’s huge Muslim population will boost demand for its sharia-compliant debt paper, also known as sukuk, and help develop the financial market.It recently issued its latest retail sukuk called the SR-011, which offers a yield of 8.05 percent annually. The yield, however, is slightly lower…
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