#Energy
Vivo increases price following Pertamina's fuel price hike
Private oil company PT Vivo Energy Indonesia has increased its fuel prices, following Pertamina's step in increasing the latter's prices on Pertalite subsidized fuel and non-subsidized Pertamax on September 3, 2022. Previously, Vivo sold its revvo 89, research octane number (RON) 89 fuel, at a lower price of IDR 8,900/liter. The government ordered Pertamina to sell RON 90 Pertalite that a price of IDR 10,000/liter. Two days later, Vivo raised the price of its revvo 89 fuel to IDR 10,900/liter.
Jakarta to establish new EV charging station soon
Jakarta is developing an electric vehicle (EV) charging station in Setiabudi district, South Jakarta. The project, supported by the Investment Coordinating Board (BKPM), began in 2021 and worth IDR 67.32 billion. It will add to the existing 63 charging stations throughout the capital as well as providing better access for EV users.
North Kalimantan develops downstream industry for CPO
North Kalimantan, supported by the Investment Coordinating Board (BKPM), has been establishing a downstream industry of crude palm oil (CPO) in Bulungan regency since 2020. The industry has an investment worth IDR 269.62 billion. The project is feasible to investors since there are supports in infrastructure, geography, transportation and a strategic location.
Government increases fuel prices, sparks protests across Indonesia
Protests broke out in several cities on September 6, 2022, following the government's decision to raise fuel prices three days earlier. Thousands of workers, grouped under the Labor Party, staged a protest in front of the House of Representatives (DPR)/People's Consultative Assembly (MPR) compound in Senayan, Central Jakarta.
Industrial hazardous waste management developed in Banten
Banten is developing industrial hazardous waste management in Bojonegara district, Serang Regency. The project was established in 2021 with an investment worth IDR98.75 billion and is potentially profitable for investors.
Sorghum as a sustainable food source in Indonesia
Sorghum is a potential food source of the future currently being developed as an Indonesian sustainable food source through agribusiness. Its potential, considering the adaptability of the food source with low water requirements, could support the future food security of the country.
One strategy to avoid the government's subsidy burden will be to raise fuel prices
The energy subsidy scheme, which is right on target for the community group, cannot be pushed through because the government's subsidy burden will continue to grow and burden state finances. The magnitude of community-subsidized fuel consumption may be caused by the current subsidy mechanism being open and applied to energy products. "This means that anyone can access the subsidized fuel without restriction," said Bank Permata Chief Economist Josua Pardede in a statement in Jakarta on Tuesday, August 30th.
Indonesia to develop Membramo hydropower plant for smelter industry
President Joko "Jokowi" Widodo has ordered Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan to develop two biggest hydropower plants in Indonesia in Kayan River, North Kalimantan, and Membramo River, Papua, to help smelter industry in both areas. However, the project has yet to attract foreign investors.
President Jokowi hopes the plan to change pertalite prices should not lower people's purchasing power
President Joko Widodo (Jokowi) said the change in the price of pertalite fuel oil (BBM) will be carefully decided so as not to reduce people's purchasing power and hurt the country's economic growth. August 23 After attending an event at the Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta's Taman Mini Indonesia Indah on Tuesday, President Jokowi said the price change program for Pertalite has affected many people's lives and will continue to do so.
Nickel and mining problems in Indonesia
Nickel giant Tsingshan Holding Group Co., owned by billionaire Xiang Guangda, is reportedly in talks to sell some of its Indonesian stainless steel assets to China Baowu Steel Group Corp, as part of a strategic review to people familiar with the negotiations. State-owned Baowu, the world's largest producer of crude steel, is likely to take control of part of the Tsingshan integrated production line at the Morowali Industrial Park in Central Sulawesi, Indonesia.
Risks, opportunities of EVs in Indonesia
The recent Gaikindo (Association of Indonesian Automotive Manufacturers) Indonesia International Auto Show (GIIAS) promoted automotive electrification of various brands. A total of 24 carmakers took part in the annual event including major brands of Toyota, Mazda, Nissan, Wuling and Hyundai. Motorcycle producers and components also took part in the event.
DHL continues sustainable business in Indonesia
DHL expresses the importance of logistics in Indonesia and the prospect of continuing sustainable business in the long term ahead. For that, DHL Supply Chain (DSC) the parent company will invest €25 million in Cikarang, West Java.