Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC member will gathered in Vienna, Switzerland starting tomorrow (Dec 6). The decision from this meeting is crucial for the oil and gas market. Some countries,...
Read MoreArthur J. Gallagher & Co. has acquired a 40% equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service. Established in 1975 as the first licensed insurance broker in...
Read MoreRed Planet Japan Inc. (RPJ) announced the formation of a joint venture with funds managed by GreenOak Investment Management K.K., the Japanese arm of GreenOak Real Estate, that will develop Red Planet branded hotels in select...
Read MoreThe Corruption Eradication Commission (KPK) has repeated mentioned regional-government-issued mining licenses (IUP) as a locus of corruption. Recently, KPK Deputy Chief Laode M. Syarief told the press that there were many illegal mines in the region, and that they’re protected by armed officials, be it from the police or the military. Laode said so on the sidelines of an event held in the Bidakara Hotel yesterday (Dec. 4).
Read MoreThe Ministry of Energy and Mineral Resources (ESDM) have shown signs that it would extend the contract of Energy Equity Epic (Sengkang) Pty. Ltd (a subsidiary of Hong-Kong-based Energy World Corporation or EWC) on the management of the Sengkang Block (which is due to expire on October 24, 2022). EWC is willing to pay a signing bonus of US$ 12 million and to provide a five-year firm commitment fund (KKP) of US$ 88 million.
Read More