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Economic

Financial Sector In Urgent Need of Reform: Sri Mulyani

Governments urgently need to improve the regulatory framework and supervision of the financial sector, a minister says, as loopholes in the financial services industry led to the global economic crisis. Read More »

PGN signs initial LNG contract with EEES

State gas distributor PT Perusahaan Gas Negara (PGN) signed on Monday an initial agreement to purchase up to 5 million metric tons of liquefied natural gas (LNG) per annum from Energy Equity Epic Sengkang Pty Ltd (EEES). Read More »

Indonesia Eyes Market Access to Developed Countries

The completion of the Doha Round meeting in 2010 will provide benefits to Indonesia as there will be market access to developed countries like the USA, Europe, China, and Japan. Read More »

BEI Index Starts Higher On Regional Market Gains

The Composite Stock Price Index (IHSG) at the Indonesian Stock Exchange (BEI) here on Monday morning opened slightly higher as investors bought small-cap shares following gains in regional stock markets. Read More »

Local Shipbuilders To Benefit From Oil And Gas Sector Needs

The local shipbuilding industry expects its currently idle shipping capacity, which has now reached about 50 percent, to be fully exploited under a new government rule that requires the oil and gas sector to rely on Indonesian vessels for its shipping needs. Read More »

Government Approves Inpex’s POD For Masela Gas Field

The government says it has approved Japan-based Inpex Corporation's plan of development (POD) for the massive Masela gas field in the Arafura Sea, including the company's plan to build a floating liquefied natural gas (LNG) plant. Read More »