Indonesia hires tankers to store fuel at sea while seeking bargains
INDONESIA is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as petrol and diesel.
Indonesia’s palm oil exports drop 19% in first two months
Indonesia’s palm oil exports, including oleochemicals and palm oil kernel, dropped nearly 19 percent in the January to February period driven by lower exports to China as the coronavirus pandemic took a toll on the country’s top export commodity
Over a million low-income households left out of electricity relief scheme
Over a million Indonesian families living in internet dead zones have been unable to access a government-funded electricity relief scheme being distributed online.
Indonesia caps gas prices at $6/mmBtu for key industries
Indonesia has capped gas prices for seven industries in a bid to boost economic growth, the country’s Energy and Mineral Resources Ministry said in a statement on Tuesday.
Explainer: The progress and challenges of sustainable financing in Indonesia
The World Bank approved in late March a US$300 million loan for Indonesia to assist Indonesia’s reform agenda by among other methods promoting sustainable financing practices in a bid to strengthen the resilience of the financial sector against economic shocks.
Indonesia’s coal consumption may fall 5 percent as virus spreads: Energy ministry
The government expects domestic coal consumption to fall as much as 5 percent this year due to lower coal-fired power plant activity in the virus-ridden economy.
Indonesia won’t ‘sacrifice economy’ for more ambitious emissions cuts
Indonesia will not set a more ambitious emissions reduction target to counter increasingly dire climate change projections, saying it wants to focus instead on its economic growth.
Encouraging geothermal development, Indonesia targets new supporting regulations in 2020
New regulation is being worked on in Indonesia that would see the government taking on some drilling to de-risk projects to help increase bankability and reliability of geothermal development.
