An oil spill off Borneo island that led to five deaths and the declaration of a state of emergency was caused by a ruptured undersea pipe, Indonesia’s national oil company Pertamina said Wednesday. The leakage, which started in waters near Balikpapan city early Saturday, has spread at least 26 kilometres (16 miles) and coated large […]
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Fitch Ratings raised Indonesia’s credit ratings a notch above its lowest investment grade on Thursday, saying economic and monetary policies have made Southeast Asia’s largest economy resilient to external shocks. The rating was raised to BBB from BBB-, with a stable outlook. The upgrade means Indonesia has a higher rating from Fitch than from S&P […]
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Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest in building a 10, 000 barrel per day (bpd) stream refinery in Nigeria. The Head of Investor Relations of PTPP (Persero) Tbk, partners to PT Intim Perkasa Nigeria Ltd, Mr. Adi Hartadi, who spoke in Abuja during a […]
Read More Indonesia’s palm oil stockpiles likely fell in May as exports increased because of higher consumer demand ahead of the start of the Islamic holy month of Ramadan, a Reuters survey showed. Crude palm oil (CPO) production in Indonesia, the world’s top producer of the vegetable oil, likely rose in May to 3.38 million tonnes from […]
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Indonesia, an emerging economy in South East Asia, has indicated interest to purchase more crude oil from the country, the Nigerian National Petroleum Corporation has said. The Indonesian Ambassador to Nigeria, Mr. Harry Purwanto, who stated this in Abuja when he paid a courtesy visit to the Group Managing Director, NNPC, Dr. Maikanti Baru, explained […]
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Tiny Indonesian baby Maryamah stared around from inside an incubator, her bright eyes swivelling left and right from under a woollen hat that was far too big for her. When she was born prematurely, Maryamah was just 1.2 kilograms (2.6 pounds), less than half the usual weight of a newborn in Indonesia. Now safely back […]
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