Construction of power infrastructure — chiefly coal-fired power plants — will remain the primary driver of growth in Indonesia’s energy and utilities sector for the near future, said Fitch Solutions Macro Research in a Jan 16 report.
State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023.
The government claimed on Monday that it had managed to find more oil and gas reserves in 2018, expanding the reserve-replacement ratio (RRR) to 105 percent as of December last year, 5 percent higher than the target of 100 percent.
E-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions.
Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than $10 billion that was repatriated under a tax amnesty program three years ago