Pertamina seeks alternative import sources amid Hormuz Strait dynamics
Jakarta – Various economic developments were reported by the ANTARA News Agency on Thursday (12 March), ranging from Pertamina seeking alternative import sources to the government’s Eid discount programme.
The following is a summary of yesterday’s economic news worth noting today.
Pertamina seeks alternative import sources amid Hormuz Strait dynamics
PT Pertamina (Persero) is anticipating national energy supplies by opening alternative import sources amidst the global energy distribution dynamics in the Hormuz Strait triggered by geopolitical conflicts in the Middle East.
Pertamina’s Chief Executive Officer Simon Aloysius Mantiri stated that the company has prepared anticipatory measures in the form of searching for alternative imports from the region to maintain national energy stock resilience.
Two vessels have passed through conflict zone; PIS emphasises crew safety
PT Pertamina International Shipping (PIS) stated that two of its four vessels have successfully exited the Middle East region, whilst emphasising that crew safety and cargo security remain priorities.
Pertamina International Shipping’s Acting Corporate Secretary Vega Pita, when contacted by ANTARA in Jakarta on Thursday, stated that the two vessels that have left the area are PIS Paragon and PIS Rinjani.
UMKM Minister: government provides business recovery programme for three provinces
The Minister of Micro, Small and Medium Enterprises (UMKM) Maman Abdurrahman stated that the government is providing several recovery programmes for business operators affected by disasters in three Sumatran provinces.
“One such programme is the relaxation of People’s Business Credit (KUR) for communities affected by disasters in the Sumatran region,” said Maman following a coordination meeting on Post-Disaster KUR Distribution in Sumatra at the North Sumatran Governor’s Office on Wednesday.
Telkom reveals plan to reduce subsidiaries from 60 to 14 entities
PT Telkom Indonesia (Persero) Tbk plans to simplify its subsidiary structure by reducing the number of entities from around 60 subsidiaries to 14 subsidiaries.
Telkom’s Director of Finance and Risk Management Arthur Angelo Syailendra stated that this step is being undertaken through various corporate actions as part of the company’s transformation programme.
Jasa Marga will implement 30 per cent toll rate discount on 9 toll road sections
PT Jasa Marga (Persero) Tbk will implement a 30 per cent toll rate discount for four days on 9 toll road sections managed by the Jasa Marga Group.
Jasa Marga’s Chief Executive Officer Rivan A. Purwantono stated that the discount tariff programme applies to road users making continuous journeys.