Author: ADCO Law

State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023.

The Investment Coordinating Board (BKPM) issued 1,239 business registration numbers (NIB) per day during the period of January 2-11, 2019.

The government claimed on Monday that it had managed to find more oil and gas reserves in 2018, expanding the reserve-replacement ratio (RRR) to 105 percent as of December last year, 5 percent higher than the target of 100 percent.

Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than $10 billion that was repatriated under a tax amnesty program three years ago

Indonesia’s Medco Energi International Tbk PT said on Friday a possible all-cash takeover offer by its unit for Ophir Energy would value the British firm at 340 million pounds ($435.88 million).

The pace of national coal production is expected to remain high this year even though the inhibiting factors have the potential to strengthen. Last year’s production realization was the highest at 528 million tons.

Biodiesel production throughout 2018 reached 6.01 million kiloliters, exceeding the target set at 5.70 million kiloliters.

The Ministry of Trade makes it easy for exporters who have market shares to countries that apply the origin declaration (information on the origin of goods).