Indonesia’s Commission VII of the House of Representatives (DPR) - the commission that oversees the country’s energy affairs - and the Indonesian Ministry of Energy and Natural Resources agreed on Wednesday (28/01) to set a 825,000 barrels per day (bpd) oil production target for 2015 in the Revised 2015 State Budget (APBN-P 2015), up from an estimated 794,000 bpd of realized production in 2014. Since its peak production of 1.6 million bpd in 1995, oil output of Indonesia (a former OPEC member) has declined drastically.
Berita Hari Ini di Indonesia
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In the Safe Cities Index 2015, launched by the Economist Intelligence Unit (EIU), Indonesia’s capital city of Jakarta is ranked at the bottom of the index. The Safe Cities Index, which covers 50 large cities worldwide (selected on factors which include regional representation and availability of data), based its ranking on an average score across four categories: digital security, health security, infrastructure safety and personal safety. In 2014, data from the Jakarta Police showed that 213 out of every 100,000 Jakartans were victims of various crimes.
The Indonesian government, central bank (Bank Indonesia) and Commission XI of the House of Representatives (DPR) agreed to revise several macroeconomic targets in the Revised 2015 State Budget (APBN-P 2015). The revisions include the country’s economic growth (GDP) pace, the average rupiah exchange rate, and inflation target. In essence, the revisions indicate that Indonesian authorities have become less optimistic about the Indonesian economy in 2015 amid external pressures.
Indonesian President Joko Widodo officially launched the integrated one-stop service center (in Indonesian Pelayanan Terpadu Satu Pintu, abbreviated PTSP) at the Indonesia Investment Coordinating Board (BKPM) at the start of the week. This new service aims to smoothen and simplify licensing procedures for investment projects. From now on, investors will not need to visit various ministries or government agencies to obtain necessary permits but can simply turn to the BKPM’s one-stop service center.