The government is facing a dilemma. Indonesia needs giant oil and gas companies to ramp up exploration as oil and gas reserves run low.
The government plans to create a new food barn by developing an integrated food estate in the former location of the Peatland Development Project or PLG - a failed Soeharto-regime agricultural project.
Numerous state-owned enterprises are facing liquidity problems. The coronavirus pandemic, impacting all economic sectors, is inflicting the enterprises’ revenues.
The chances are low that crude oil will go beyond the benchmark in the 2020 state budget. The coronavirus-rooted crisis has yet to see an end, considering that no country except China has been able to overcome it.
The problems of expensive gas prices for industries has resurfaced after President Joko Widodo shed his resentment during the limited cabinet meeting on January 6.
The government plans to prepare some regulatory incentives for the textile industry, which is currently under pressure due to difficulty competing with imported products.
One of the biggest retail companies in Indonesia, Giant, has been closing dozens of its stores permanently. The store closures started last year and still have not finished yet. Is this the sign of the retail industry’s impending gloom and doom?
The need for investment in telecommunication products and infrastructure is still a serious concern for the government.
The aviation industry is seemingly in the twilight of its performance.
SOE Minister Rini Soemarno requested that land concessions owned by contractors above the provisions of the Mineral and Coal Law No. 4/2009 to be transferred to SOEs when contract extensions are made.