Business News
GDP in Agricultural Sector Increases to Almost Half of State Budget
Agriculture Minister Andi Amran Sulaiman has claimed that the national gross domestic product (GDP) from the agricultural sector has increased significantly to almost half of the state budget since President Joko Widodo (Jokowi) took office in October 2014. "During the early days of Jokowi`s government in 2014, the GDP in…
Indonesia Aims to be Regional Digital Technology Hub in 2020
The government has vowed to improve the regulatory framework related to Indonesias digital economy as it aspires to become Southeast Asias digital hub next year.In the near future, digital technology will deeply influence the countrys development, said Rudy Salahuddin, an official from the Office of the Coordinating Economic Minister.For that…
As Indonesia's Oil Sector is Less Profitable, Its Time for Clean Energy: Experts
The continuous decline in oil prices that has led to a lower contribution to national revenue should become a wake-up call for the government to immediately kick off fiscal reform that would speed up the use of renewable energy, experts in a recent discussion said. According to a new report…
RI Secures $10.95m in Investment for Three Oil, Gas Blocks
The Energy and Mineral Resources Ministry on Monday recorded a US$10.95 million investment commitment from operators (KKP) for exploration activities and well developments in three oil and gas blocks that were auctioned last year. The South Andaman Block in North Sumatra will be operated by MP Holding RSC. LTD, the…
