As part of Indonesia’s push to ensure that more benefits from resource extraction carried out by mining activity are preserved and reinvested domestically, the government is revamping the framework regulating mining contracts. This is aimed at facilitating greater local participation in operations and securing a larger proportion of revenues for...
Promulgated in 2001, Indonesia’s Oil and Gas Law forms the backbone of the sector’s regulatory framework along with various supplementary government ordinances and decrees. While the law ostensibly lays out a clear set of rules governing both state and private sector responsibilities, entitlements, liabilities and all manner of legal obligations...
With oil and gas imports weighing on its trade balance, Indonesia is taking steps to reduce domestic demand for fuel and boost local refinery capacity. These moves come in the wake of the International Energy Agency (IEA) releasing a 2013 report projecting that energy demand in the South-east Asian country is set to nearly double over the next...
As one of the countries most exposed to natural catastrophes (NatCat) such as earthquakes and floods, Indonesia’s relatively low insurance penetration has historically meant that the government must shoulder the lion’s share of losses. With earthquake and flood policies usually sold as standalone covers, a growing incidence of catastrophes has...
After taking over from the Indonesia Capital Market and Financial Institution Supervisory Agency, the new Financial Services Authority (OJK) is leading a regulatory overhaul of the sector. More aggressive than its predecessor, OJK is implementing new governance rules for underwriters and has set new premium tariffs and caps on commissions for...
THE COMPANY: Total Bangun Persada (TOTL), one of two listed construction companies not owned by the state, focuses on high-rise buildings for residential, office and commercial projects. Established in 1970, the company was listed on the IDX in July 2006, before being included in the MSCI Indonesia...
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