State oil and gas firm Pertamina will import nine million barrels of Premium and diesel fuel this January, or about the same amount it imported in December.Pertamina fuel division head Djaelani Sutomo said Friday that Pertamina would import 4.5 million barrels of Premium fuel and 3.

Widely diversified local company the Rajawali Group has expressed interest in buying a stake in the ailing national carrier Garuda Indonesia, one of state firms on the goverment's privatization list.The Rajawali Group, owned by business tycoon Peter Sondakh, has sent a letter to the State Ministry...

Indonesian businesspeople warmly welcomed the signing of two sub-regional agreements by four members of the Association of Southeast Asian Nations during the ASEAN Summit here Friday.The first sub-regional pact creates an East ASEAN Growth Area covering Brunei, Indonesia's Kalimantan and North...

TEMPO Interactive, Jakarta: The Capital Investment Coordinating Agency (BKPM) acknowledged that it is yet to recognize foreign investors that left the Indonesian Special Economic Zones. “We absolutely do not know anything about the investors who are leaving.

"crude oil production from all refineries is around 1.04 million barrels per day. Out of that number, after being processed, only 700 barrels of fuel oil per day results. “However, fuel oil demand is 1.3 million barrels per day.