Meanwhile, Executive Director of IGJ Rachmi Hertanti explained that the investment stability agreement would still give a chance to Freeport to protest against Indonesia to the International Court of Arbitration.
The Indonesian Independent Power Producers Association (APLSI) revealed three challenges faced by the government in developing the electricity sector: Regulatory uncertainty, lack of coordination between ministries and management issues in the 35,000 MW Program, according to the association’s survey held in cooperation with PwC Indonesia, recently.
The House of Representatives Commission VII scrutinized PT PLN, following the finding from the Supreme Audit Agency (BPK) that the state-run electricity company has not collected bills from contractors that executed the 10,000 MW Program launched by former president Susilo Bambang Yudhoyono.
PT Garuda Indonesia, Tbk must make measures to improve its performance as the state-run airliner has been posting huge losses and stakeholders are worried.
To ensure that the electricity tariff subsidy is provided for underprivileged people, the government implements the Accurate Electricity Tariff Subsidy Policy (SLTS) since January 1, 2017.
The increasing investment grade of Indonesia according to the Standard & Poor’s is considered bringing a positive impact on the economy of Indonesia. Finance Minister Sri Mulyani Indrawati claims that more foreign investors are looking for opportunities in Indonesia.
Minister of Finance Sri Mulyani has set Indonesia’s economic growth target in the Draft State Budget (RAPBN) at 5.4-6.1 percent.
Food security task force has the responsibility to fight food cartel that causes food prices instability. After the government had formed the task force, the task force has arrested a food hoarder who hoarded 182 tons of garlic in a warehouse in Marunda.
Therefore, the Directorate General of Tax is working hard to achieve the tax income target. They have targeted to gain Rp45 trillion tax income from tax audit and collection.
President Joko Widodo is in Beijing, China, to attend the One Belt one Road (OBOR) Forum.
Balongan VI refinery in Indramayu, West Java needs more base materials because crude oil supply from domestic fields is depleting.