The government is pinning its hopes on the development of 14 new oil fields so as to meet next year's oil production target of 1.034 million barrels per day, slightly higher than this year's estimate of 1 million bpd, an official says. More ...
Altimo, a subsidiary of Russia's Alfa Group, will not back down on its investment plans for Indonesia despite allegations of a commercially motivated smear campaign levied by a number of civil society groups, a company official said. More ...
In addition to a Rp 1.4 trillion (around US$149 million) allocation to subsidize the interest on loans taken out by micro, small and medium enterprises (MSMEs), the government also plans to streamline the requirements for borrowing from state SME financing institutions. More ...
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