The government of Indonesia appointed state-owned energy company Pertamina to operate eight oil & gas blocks after contracts with existing operators expire in 2018. Indonesia's new gross profit sharing scheme, which replaced the nation's cost recovery scheme, will be applied to the new contracts in 2018. Under the gross profit sharing scheme the Indonesian government and contractors agree up front on the proportion for splitting gross profit from oil and gas exploration (implying that all exploration and production costs are now borne by the operator).

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Shares in Asia (as well as US stock futures) are trading lower, while the US dollar is sliding on Monday (30/01) after US President Donald Trump announced to curb immigration into the USA. This move sparked wide criticism at home and abroad, while giving rise to uncertainty about future (unpredictable) US political and economic policies. Since Friday (27/01) refugees from seven predominantly Muslim countries - Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen - are banned (for 90 days) from entering the USA.

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On 22 January 2017, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve political, social and economy-related topics such foreign direct investment in Indonesia, Trump's luxurious hotel project on Bali, Indonesia's food and beverage industry, smartphone penetration in Indonesia, the Trans-Pacific Partnership free trade deal, tourism in Indonesia, and much more.

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Indonesia, the world's largest producer and exporter of crude palm oil (CPO), set the export tax for its CPO shipments at USD $18 per metric ton for February 2017, significantly higher than the USD $3 per metric ton export tax in the preceding month. Indonesia's benchmark February CPO price was set at USD $815.5 per ton, rising further above the USD $750 per ton threshold that the Indonesian government uses to separate a zero export tax policy from the setting of an export tax.

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