Daily Archives: December 4, 2020

Ministry to evaluate Lapindo asset value to repay governmental debt

Jakarta (ANTARA) – The government will assess the asset value of oil and gas exploration firm PT Lapindo Brantas Inc and its subsidiary, PT Minarak Lapindo Jaya, to repay Rp1.91 trillion of their governmental debts. “They want to hand over their assets, okay,” Director General of State Asset Management of the Finance Ministry Isa Rachmawarta

Police deploys 456,141 personnel to secure regional election phases

  Jakarta (ANTARA) – The police have stationed 456,141 personnel to secure all phases of the 2020 simultaneous regional head elections, according to a spokesman. “We will deploy 145,189 personnel, especially to provide security during the polling day,” Chief of the Public Information Bureau at the National Police Brigadier General Awi Setiyono stated here on

Buoyancy over economic recovery in 2021

  The coronavirus disease (COVID-19) pandemic that emerged earlier this year has significantly affected the state of the global economy. The pandemic has impacted not only health but also the economy, thereby resulting in economic recession in countries. Indonesia is on the list of nations to have recorded negative economic growth owing to COVID-19 that

Flash floods in Medan claim five lives

  Medan, N Sumatra (ANTARA) – Flash floods that swept through certain areas of the North Sumatran city of Medan and its outskirts on Friday, killed five residents of Tanjung Selamat Village in Sunggal Sub-district, Deliserdang District, a government official stated. The flooding was triggered by the overflowing of Belawan River following downpour in the

Government imposes progressive export levies on CPO

Jakarta (ANTARA) – The government has imposed progressive export levies on palm oil products, including crude palm oil (CPO) and its derivatives, according to the Finance Minister’s Regulation (no. 191/PKM.05/2020) issued on December 3, 2020. “The export levies were set based on the reference price of CPO,” the document obtained here on Friday stated. The