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The tax was intended to pressure US mining companies Freeport-McMoRan (Freeport) and Newmont - which together account for 97 per cent of Indonesia's copper exports - to invest in smelting facilities. However, nickel and bauxite exports collapsed, and from 2013, the global resources boom went into decline.
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of Indonesia still rely on the primary sectors such as mineral and agriculture, with the consequences of low added value. It is expected that mineral and coal and its downstream industries could be able to support the 'minus' regions to converge to
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Bank Indonesia (BI) blamed limited consumption which only grew by 4-4.5% and the decline in some commodity prices, especially palm oil (See Indonesian Palm Oil Industry Overview - Biodiesel as a New Source of Revenue Growth), and rubber (See Indonesia's Rubber Industry: Increased Competition and Falling Prices), for the stagnant ...
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JAKARTA, July 24 (Reuters) - Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the...
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Most observers expected resource nationalism in Indonesia to fade once the global commodity boom ended. Yet despite more difficult economic circumstances, Indonesia's government has stayed on a nationalist economic path. This Analysis examines the factors that sustain resource nationalism in Indonesia and make it more resistant to boom-bust cycles than in the past.
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Oil and gas production, the most important energy resource, has been declining: in 2000-2004, oil and gas production accounted for more than 10 per cent of the economy's gross domestic product, while by 2010-2011 this had fallen to only 6 per cent. This decline is both relative and absolute, as shown in the negative rate of growth in value added.
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Apr 27, 2022S&P views that Bank Indonesia participation in purchasing government bonds in the primary market and through private placements has help the government to manage its borrowing costs as the debt stock rose. S&P had previously affirmed Indonesia's Sovereign Credit Rating at BBB/negative outlook on 22 April 2021. Jakarta, 27 April 2022
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Indonesia and the acute energy crisis. by Nirarta Samadhi and Almo Pradana - 09 October 2016. Photo by Kemal Jufri/Greenpeace. This article is originally published on The Jakarta Post. The appointment of Arcandra Tahar as the energy and mineral resources minister signaled strongly that the focus of President Joko "Jokowi" Widodo had shifted ...
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Fuel excise could also help Indonesia meet its tax revenue growth targets; central government tax collections are currently stuck at only 11% of GDP (Bank Indonesia, 2016). Fuel excise collections are consistent with the suggestion of Ramsey (1927) to tax goods that are price inelastic, would be a progressive form of revenue raising ( World ...
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The IEP is a product of the World Bank Jakarta office and receives strategic guidance from an editorial board chaired by Satu Kahkonen, Country Director for Indonesia and Timor-Leste. The report is prepared by the Macroeconomics, Trade and Investment (MTI) Global Practice team,
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This dilemma is underscored by forecasts suggesting that between 2009 and 2019, national electricity demand will increase by an average 9% per year and reach 328.3 TWh in 2020—more than double ...
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In 2012, Indonesia saw a decrease in both production revenues and volumes (−5% for the latter), yet demand increased by 1.5%. So Indonesia's oil and gas sectors face the same issues. The development of new production and export facilities should be accelerated by removing administrative barriers and hurdles.
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Indonesia's economy has recorded another quarter of weak growth. Gross domestic product rose by 4.67 percent in the second quarter, the slowest pace since 2009, the Central Bureau of Statistics...
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Saleh, S. & Tabe, R. (2018). Analisis Harga Sahal PT Telkom Indonesia Tbk Sebelum dan Sesudah Kerusakan Satelit Telkom. Jurnal Ekonomi dan Bisnis Islam Tasharruf, Vol 3 (1), pp. 13-26. Salengke, M. R. & Syarifuddin (2018). Analisis Perbandingan Indeks Harga Saham Gabungan Sebelum Dan Sesudah Kenaikan Investment Grade Di Bursa Efek Indonesia.
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Established in 1890, Boart Longyear is the world's leading provider of drilling services, drilling equipment and performance tooling for mining and drilling companies. It also has a substantial presence in aftermarket parts and service, energy, mine dewatering, oil sands exploration, production drilling, and down-hole exploration.
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The reports noted that the airliner left Perth on 14 February 2014 at 0225 local time and flew through the ash cloud before arriving safely in Jakarta at 0550 local time. The estimated cost to replace the two engines of the Airbus aircraft was reported to be $20 million (US dollars). The A320 was grounded after the flight.
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Dec 8, 2021Following a budget deficit in 2016, a steep decline in Indonesian nickel production, and the construction of nine new nickel smelters (there were only two smelters in operation before), the export ban was relaxed in early 2017 with plans to fully reimpose it in 2022.
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* Freeport, Newmont warn ban could stop operations JAKARTA, Dec 9 (Reuters) - Indonesia's government is still seeking a way around a mineral ore export ban that the country's parliament insists ...
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The second wave of takeovers in Jakarta during January and February 1964 'meant something different in almost every case' reported Paris: Shell 'had the situation more or less under control'; Chartered had convinced Bank Indonesia officials that even the slightest measure of interference would have repercussions detrimental to Indonesia ...
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JAKARTA, Indonesia, April 08, 2022 -- ( BUSINESS WIRE )-- PT Freeport Indonesia ("PT-FI" or the "Company") announced today that it has priced an offering (the "Notes Offering") of $3.0 billion of...
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Dec 28, 2021The Director of Coal Business Development at the Ministry of Energy and Mineral Resources, Sujatmiko, said that the government was continuing to increase its exploration efforts for this commodity. The ministry has also coordinated with the Ministry of Finance to obtain an allocation of non-tax state revenue (PNBP) to support coal development.
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Revenues of Freeport Indonesia, in which Inalum holds a majority stake, are expected to drop to $3.1-billion in 2019 from $6.3-billion in 2018, and peak again at $7.5-billion in 2023, according to...
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1955 Indonesia Multi-franking AIrmail, Djakarta to UK; K.Sykes,Grasemere;Cumbria. C $18.98. + C $3.04 shipping. Top Rated seller. Description. Shipping and payments. eBay item number: 363810885007. Seller assumes all responsibility for this listing.
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Feb 26, 2005JAKARTA, Indonesia, Feb. 25 - What's good for OPEC is no longer good for one of its smallest members and its only representative from Asia. While most oil ministers, from Saudi Arabia to Venezuela ...
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Since 2012 the national government revitalized the national family planning program, and Indonesia's TFR has slowly decreased to 2.3 in 2020. The government may reach its goal of achieving replacement level fertility - 2.1 children per woman - but the large number of women of childbearing age ensures significant population growth for many years.
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Indonesia, a country rich in renewable energy, particularly solar energy resources, aims to achieve an energy mix that includes 23% from renewable energy resources by 2025 and 31% by 2050 per its 2014 National Energy Plan (Government of Indonesia 2014; Ministry of Energy and Mineral Resources 2014). To increase renewable energy
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A former Dutch colony, mineral-rich Papua declared itself independent in 1961, but neighbouring Indonesia took control two years later promising an independence referendum. The subsequent vote in favour of staying part of Indonesia was widely considered a sham. Papua's Melanesian population shares few cultural connections with the rest of ...
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Indonesia is predicted to be the 4th largest economy in the world by 2045. Joko Widodo has stated that his cabinet's calculations showed that by 2045, Indonesia will have a population of 309 million people. By Widodo's estimate, there would be economic growth of 5−6% & GDP US$9.1 trillion.
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Combined with the Rp302.2 trillion foreign investment, Indonesia's total realized investment throughout the first semester reached Rp584.6 trillion (USD 41 billion). The value of actualized investment outside Java was greater than in Java with Rp157.1 trillion against Rp145.1 trillion. Investments outside Java rose by 38 percent, year on year ...
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Indonesia Economic Quarterly Reports (IEQ) Amid challenging global economic conditions, Indonesia's economic growth slowed slightly to 5.0 percent in the third quarter of 2019 from 5.1 percent in the previous quarter. An inclusive and efficient social protection system is needed to achieve sustained and equitable growth in Indonesia.
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Exports in Indonesia increased to an all-time high of 27907.40USD Million in August from 25563.20 USD Million in July of 2022. source: Statistics Indonesia. Exports have been an engine of economic growth in Indonesia. However, after reaching a peak in 2012, it have been in a steady decline due to lower commodity prices and dwindling global demand.
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Jakarta (AFP) March 17, 2022 South Korea's has launched the first electric car assembly plant in Indonesia, as the Southeast Asian archipelago looks to exploit an abundance of resources used in EV production.
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State-owned Semen Indonesia is Indonesia's largest cement producer. The company claims more than a 40% market share and produced 25 million tons of cement in 2013. It also has mineral mining and...
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Sep 17, 2020We would like to show you a description here but the site won't allow us.
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Indonesia's economy has recorded another quarter of weak growth. Gross domestic product rose by 4.67 percent in the second quarter, the slowest pace since 2009, the Central Bureau of Statistics ...
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average office rents in jakarta remain low: space in the cbd was offered for around rp276,400 ($19.50) per sq metre per month in the fourth quarter of 2019, representing a decrease of 2.7% over the previous year; and in the areas of jakarta outside the cbd, average fourth quarter 2019 rents stood at rp196,200 ($13.80) per sq metre, up by 1.9% .
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Jakarta, November 18, 2021 - Danone-AQUA's 2019-2020 Sustainability Report won the gold category rating from the 2021 Asia Sustainability Reporting Rating (ASRRAT), which was held on November 17, 2021, in Jakarta.
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Revenues of Freeport Indonesia, in which Inalum holds a majority stake, are expected to drop to $3.1-billion in 2019 from $6.3-billion in 2018, and peak again at $7.5-billion in 2023, according to ...
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By Wilda Asmarini. JAKARTA, Aug 3 (Reuters) - Indonesia's newly appointed resources chief urged Freeport-McMoRan Inc on Wednesday not to push for a quick extension of its contract to operate the ...
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