The Latest Insights

Government Encourages Sinopec to Build Oil Depot in Batam

The government encourages Sinopec Group to immediately realize the construction of an oil depot in Batam worth US $ 841 million. The project has been stalled for almost eight years, allegedly due to the act of oil and gas mafia.

Oil and Gas Cost Recovery Revenue Sharing Contract Revived

The government is reviving the oil and gas cost recovery revenue-sharing contracts mechanism. This new regulation is believed to provide legal certainty and increase business investment in the oil and gas sector.

Indonesia's COVID-19 Updates

As of Sunday (8/2), Indonesia’s COVID-19 tally went up by 1,519 to 111,455 cases in the last 24 hours.

Will Retail Sector Survive if PSBB is Tightened?

The emergence of new COVID-19 clusters in malls and offices could force DKI Jakarta Provincial Government to tighten PSBB. If this happens, the non-food and beverage retail sector could suffer from severe liquidity problems.

Corporate Actions Round-Up

COVID-19 Pandemic still suppresses corporate performance, including corporations engaged in the health sector.

Why Do the Government Resume Sending Migrant Workers Abroad?

The government considers reopening opportunities for Indonesian migrant workers and prospective workers to work abroad is crucial for economic recovery, amid pressures from employers and job seekers.

Why Did Anies Baswedan Extend Transitional PSBB?

The third phase of transitional COVID-19 restriction takes effect from July 31 to August 13, 2020. The city administration will impose progressive fines on companies repeatedly violate the health protocol.