• Test Case Indonesia: First Day of Ahok's Blasphemy Trial

    Today (13/12) the first day of incumbent Jakarta Governor Basuki "Ahok" Cahaya Purnama's blasphemy trial took place at the Central Jakarta District Court. During this first session the prosecution team explained how Ahok allegedly violated Article 156a of the Criminal Code through the content of a speech in Jakarta's Thousand Islands district in late September. Meanwhile, defendant Ahok and his lawyer delivered a note of objection.

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  • Bilateral Trade Relations Indonesia: Widodo Visits India & Iran

    During his state visit to India, Indonesian President Joko Widodo signed three memoranda of understanding. Widodo is on a three-day visit to India (12-13 December) and Iran (14 December) to meet political and corporate leaders and to enhance business and trade relations with the two countries. Indonesia's seventh president is accompanied by Darmin Nasution (Coordinating Minister for Economic Affairs), Pratikno (State Secretary), and Thomas Lembong (Chairman of the Investment Coordinating Board, or BKPM).

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  • International Energy Agency (IEA): Global Coal Demand to Stagnate

    The International Energy Agency (IEA) says worldwide demand for coal will not grow significantly over the next five years. It sees worldwide coal demand in 2021 roughly at the same level as in 2014. In a report published on Monday (12/12) the agency says it detects rising demand for renewable energy sources (at the expense of coal) in Europe and North America, while in China coal consumption is also expected to stagnate. However, the IEA believes that coal will remain the most important energy source as it is cheap and easy to produce.

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  • Indonesia to Replace Oil Recovery Scheme by Gross Profit Sharing

    Indonesia's Energy and Mineral Resources Ministry targets to replace the cost recovery scheme in the oil and gas industry in January 2017. Instead, the government would use contracts with a gross profit sharing mechanism. The new scheme would simplify procedures (making the investment climate more attractive) while Indonesia "continues to prioritize the interests of the nation and optimize the use of local resources and labor", Deputy Energy Minister Arcandra Tahar said. The proposed changes will not affect existing contracts between contractors and the Indonesian government.

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