Freeport Workers Union Settle For 40 Percent Pay Raise
Posted by Jakarta Updates on Dec 14, 2011 | Leave a Comment
Freeport the mining giant will finally able to start their operation again soon. The dispute between the companies and its worker union that has been going on for more than three months causing a considerable damage to the company bottom line, has finally reached a number that both parties can agree on.
The company agreed to increase its employee salary by 40% from USD 2 to USD 3 per hour for its lowest paid staff for...
New SOE To Handle Rice Shortage Problem
Posted by Jakarta Updates on Dec 13, 2011 | Leave a Comment
Dahlan Iskan, the State Owned Enterprises (SOE) Minister said that the Indonesian Government is intended to form a large state-owned enterprise that is capable of handling food with a capacity of 5 to 10 times the capacity of the current SOE in charge of staple food handling, Bulog.
“This SOE will either be formed from the merger of already existing state-owned Agro-industry, or will be formed from scratch,”...
Hoegh LNG Is Building Floating Storage and Re-gasification Facilities in Indonesia
Posted by Jakarta Updates on Dec 13, 2011 | Leave a Comment
In line with Presidential Instruction on Accelerating Implementation of National Development Priorities In 2010, PT Gas Negara (Persero) Tbk (“PGN”) has signed a Heads of Agreement for LNG Floating Storage and Re-gasification Facilities (“FSRF”) in Belawan, Medan, North Sumatra with Hoegh LNG – PT Industrial Engineering Consortium on Tuesday, December 6, 2011 last.
Senior Officer External...
Private Investors Are Welcomed To Develop Soekarno Hatta International Airport
Posted by Jakarta Updates on Dec 06, 2011 | Leave a Comment
PT Angkasa Pura II, the Soekarno-Hatta International Airport managing company, promised an immediate action to improve the condition to the airports that are now being classified as in a state of emergency.
This label came about after a report came out that the international airport that used to be the pride of Indonesian is forced to accommodate tens of millions of passengers while the airport designed capacity was just...
Tax Holiday Application Time Period Is Shortened To Two Weeks
Posted by Jakarta Updates on Nov 29, 2011 | Leave a Comment
The Indonesian Industry Ministry and the Investment Coordination Board (BKPM) have agreed on the guidance and procedures to speed up investment applying for tax holiday for the industry sector. The procedures promised that the tax holiday process will only takes two weeks.
This agreement was signed by the head of BKPM, Gita Wirjawan who also the Trade Minister and the Industry Minister MS Hidayat at the Industry Ministry...
Angkasa Pura Sign Cooperation Agreement With South Korea Incheon
Posted by Jakarta Updates on Nov 24, 2011 | Leave a Comment
The Indonesian airport administrator company PT Angkasa Pura I will jointly manage the Surabaya international airport Juanda with the South Korean counterpart Incheon Airport.
The cooperation came amid the Angkasa Pura I intention to boost its income from non-aeronautical services at its airports. These incomes include land and office rent, advertising space and motorcar parking. Angkasa Pura I director Tommy Soetomo...
Pertamina Wants To Cancel Fujian China Purchase Contract On Tangguh Gas
Posted by Jakarta Updates on Nov 18, 2011 | Leave a Comment
The state owned oil and gas company Pertamina said that they are willing to purchase all the natural gas produced from Tangguh Block Papua with a price three times higher than the current price the gas currently fetch from their purchase agreement with Fujian China or around USD 10 per MMBTU.
This is mentioned by Pertamina Corporate Communication Vice President Mohammad Harun when asked by media in Jakarta on Thursday...
Santos To Stop Supplying Gas From Maleo Field For Two Weeks
Posted by Jakarta Updates on Nov 17, 2011 | Leave a Comment
The industries in East Java have started feeling the pinch and desperately looking for gas replacement after finding out that Santos operated Maleo field in Madura, East Java will stop sending gas to the industries. The gas supply will be stop for more than two weeks because of repair that will be performed by Santos on their field.
According to PT Cheil Jedang Indonesia Commissioner Bernard Kent Sondakh the gas supply...
Indonesian Sugar Production Below Target But Still Sufficient
Posted by Jakarta Updates on Nov 15, 2011 | Leave a Comment
The domestic white sugar production keeps decreasing well below the targeted number. The total sugar production this year will only be 2.15 million tons as opposed to the estimated number of 2.31 million tons. However, this number is still sufficient for domestic supply.
Indonesian Sugar Association head Farukh Bakrie confirm the number on Monday (14/11/2011). “I was actually surprised when the target number is 2.31...
Petrochina Accused of Having More Than 100 Unlicensed Wells
Posted by Jakarta Updates on Nov 14, 2011 | Leave a Comment
The Tanjung Barat Regency Government in Jambi questions the oil and gas exploration activities taking place in their area. These activities in particular the drilling of oil and gas well is allegedly performed without any permit ever lodged to the local Government.
This has caused the Regency to lost profit sharing income of almost USD 70 million in 2011 alone. The Government urges these mining companies to properly lodge...
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