Daily Insights Archive

Why Can't Pertamina Freely Choose Oil & Gas Contract Schemes?

The government provides flexibility for investors to choose the form of oil and gas cooperation contracts, including production sharing contracts with operating costs refund, or cost recovery. However, this does not apply to Pertamina.

The US Wants to Build 'Defense Infrastructure' in Natuna

International Development Finance Corporation (IDFC), the US government's development finance institution, wants to invest in the defense and security, pharmaceuticals, and energy sectors in Indonesia.

New Regulations to Support National Economic Recovery

The government revised several regulations for National Economic Recovery programs in Government Regulation No. 43/2020 where one of which stressed that government funds would not be placed in private banks.

Indonesia's COVID-19 Updates

As of Thursday (8/6), Indonesia’s COVID-19 tally went up by 1,882 to 118,753 cases in the last 24 hours.

Can Additional Salary Ramp Up Consumption?

The government will distribute salary aids to 13.8 million workers. However, data collection and recipient verification only rely on BP Jamsostek.

COVID-19 Vaccine Production Progress Hoisting ICP in July 2020

The Indonesian Crude Price in July 2020 reached US$ 40.64 per barrel, increasing US$ 3.96 per barrel from US$ 36.68 per barrel in June 2020. Another factor supporting the increase in oil prices is the recovery of economic activity in several countries.

RNI's New Project: Smart Industry Area

RNI will build an industrial area with the concept of a smart industry area on an area of 5,000 hectares in Subang, West Java. It has the potential to obtain a special economic zone status.