Meidawati has been appointed as new president director for PT Pertamina Hulu Energi (PHE), subsidiary of state oil and gas firm Pertamina, replacing R. Gunung Sardjono Hadi who stopped serving in June 1, 2018. Pertamina then...
Read MoreThe British pound held on to overnight gains on Thursday after ending 1.1% higher in the previous session as UK Prime Minister Theresa May won a confidence vote by 200 votes to 117, strengthening her position as she heads back...
Read MoreIn a limited meeting in the President office, Joko Widodo decided the Batam Indonesia Free Zone Authority (BIFZA) will be managed by the regional government to remove the dualism in Batam Island, Riau. For years, the agency...
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State-owned PT Pertamina came up with the Refinery Development Master Plan (RDMP ) in 2014. From then progress came slow, but may now have a ray of hope. PT Pertamina (Persero) has signed the Engineering, Procurement and Construction (EPC) contract for the development of the Balikpapan Refinery (as part of the RDMP) on December 10, 2018. The consortium formed for this development is comprised of SK Engineering & Construction Co.Ltd (leader), Hyundai Engineering Co.Ltd., PT. Rekayasa Industri, and PT PP (Persero) Tbk.
Read MoreLast week we reported that Rudhy Lontoh (a senior advocate) and his son Edward Lontoh had filed a bankruptcy lawsuit against the Hermijanto siblings. Several days after the report, we learned that Hendra Hermijanto and Indra Hermijanto also filed a lawsuit against Lontoh & Partners (a law office established by Rudhy and Edward) and against PT Desain Teknologi Indonesia. Hendra and Indra accused the law office and the Company of tort. Separately, the Business Competition Supervisory Commission (KPPU) began the hearing on the case of alleged cartel practices in relation to salt prices. The KPPU finally revealed name of the companies allegedly involved in the scheme.
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