Rising religious tensions not only rise in Indonesia due to the blasphemy trial of Jakarta Governor Basuki Tjahaja Purnama (Ahok) but also due to a recently issued edict by the Indonesian Ulema Council (MUI), Indonesia's highest Islamic clerical body. This edict prohibits Muslims to wear Christmas clothes and accessories and primarily aims at those Muslims who work in shopping malls where many restaurant and shop owners make their staff dress up in "Christmas-spirit".

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The government of Indonesia is confident that the new gross profit sharing mechanism that is set to replace the cost recovery scheme in the oil and gas industry in early 2017 is a fairer system for both the oil & gas contractor and the government. Earlier this month, Indonesia's Energy and Mineral Resources Ministry announced this change in course. However, the new gross profit sharing mechanism in the oil and gas industry will only be applied to new contracts starting from early 2017.

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Indonesia is on track to achieve its (revised) oil lifting target in 2016 (referring to crude oil that is ready for sale). Two weeks before the end of 2016, Indonesia produced an average of 821,000 barrels of oil per day (bpd) this year so far, slightly above the target of 820,000 bpd that was set in the Revised 2016 State Budget. Initially, the Indonesian government targeted national oil production at 830,000 bpd. However, earlier this year the target was revised down to 820,000 bpd.

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Express Transindo Utama, Indonesia's second-largest taxi operator, saw its shares surge on Monday morning (19/12) after the company announced a pilot program for ride-sharing and vehicle financing in Jakarta in cooperation with ride-hailing company Uber. The partnership involves the integration of Uber technology with the operations of the Indonesian listed taxi operator. Hence, Express drivers can take orders from the Uber app, in addition to their normal taxi services.

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