Pertamina has discovered a gas source at Markisa (MKS)-001 well, boosting the gas rate to 9.7 MMSCFD.
SKK Migas expects to drill 750 idle wells by the end of this year. Idle wells are oil and gas wells that have been inactive for more than six months.
Indonesia's annual inflation rate reached 4.94% in July 2022, the highest since November 2015.
As of August 15, Indonesia’s COVID-19 tally in the last 24 hours went up by 3,588 to 6,286,362 cases.
Energy Minister Arifin Tasrif has asked Vale Indonesia to produce nickel powder due to its low supply worldwide.
Majoo, a startup engaged in digitizing micro, small and medium enterprises (MSMEs), raised US$10 million in funding from undisclosed equity investors from London, BRI Ventures, AC Ventures, Quona Capita, and Xendit.
Sharp Electronics is erecting an air conditioner (AC) factory worth Rp 582 billion. It is part of the company's plan to establish an electronics production base in ASEAN.
Statistics Indonesia (BPS) notes that Indonesia's trade surplus drops from US$5.15 billion to US$4.23 billion. Apparently, fuel imports significantly erode foreign exchange reserves.
Southeast Asia e-commerce and loyalty ecosystem company Society Pass Inc (SOPA) acquired online travel agency NusaTrip. This is SOPA's first step in expanding into the Indonesian market.
President Joko Widodo wants to substitute wheat with sorghum as soon as possible.