Oil company Bakrie Get Rp 3.1 Trillion of Sales Block

Oil and gas company owned by the Bakrie Group, PT Energi Mega Persada Tbk, through its subsidiary, PT EMP Energi Indonesia, has completed the sale of 10 percent stake in Masela PSC to INPEX Masela Ltd and Shell Upstream Overseas Services (I) Ltd. worth 313 million U.S. dollars, or approximately Rp 3.1 trillion.

In an official statement released by the company, on Friday (28/06/2013), chairman of Energi Mega, Imam P Agustino, explained that the funds would be used to pay off the sale of a loan facility of $ 200 million from Credit Suisse. The settlement is expected to help reduce the financial burden of the company.

South Sulawesi Cocoa Production Dropped

soil conditions are not good and cause disease pests of cocoa production in South Sulawesi tumbled. According to the lecturer in Plant Pests and Diseases Ade Rosmana Hasanuddin University, major pests that attack cocoa is currently borer. In addition, most of the cocoa plant is also affected by the disease and die rotten fruit twigs. As a result, the production of cocoa pods down 25 to 75 percent."Until now there has been no cure," he said, Thursday, June 27, 2016. 

To solve the problems of pests and diseases of cocoa, the Indonesian academics doing research to find new methods of pest and diseases of cocoa. Research was also conducted with a number of countries such as America, Australisa, Malaysia, the Philippines, Vietnam, and the United Kingdom. "In the meantime we recommend that farmers manage crop residues to be used as organic fertilizer. Because, to buy non-organic fertilizers must be expensive," said Ade. 

Need a Great Investment for Oil and Gas Exploration

Indonesia needs investment in large-scale exploration for oil and natural gas, the majority are in the deep sea in eastern Indonesia, and realize the full potential of hydrocarbons that exist through the application of advanced technology.

However, the realization of oil and gas investment is facing challenges in terms of regulations and legislation as well as global economic conditions.

This was disclosed by President of the Indonesian Petroleum Association Mahfoedz Lukman, in his speech, at the opening of the convention and exhibition themed "Promoting Investment in a Challenging Environment" initiated by the Indonesian Petroleum Association, on Wednesday (05/15/2013), in Jakarta.

Painful Effects of rising fuel rices Subsidized

Starting on Saturday (06/22/2013), the new prices of fuel oil (BBM) which is more expensive prevailing. After four more years of enjoying premium and diesel fuel at Rp 4,500 per liter, motor vehicle owners must spend more to buy a liter of petrol.

Premium price rose Rp 2,000 to Rp 6,500 per liter and diesel rose Rp 1,000 to Rp 5,500 per liter. Subsidized fuel price hike is almost the same as in 2008, precisely May 24, the government hoist the premium price to Rp 6,000 a liter and diesel to Rp 5,500. It was the third time President Susilo Bambang Yudhoyono (SBY) to raise fuel prices during his reign.

Rising Fuel Prices Trigger Inflation, Make Domino Effect of Economy

Statistics Riau Islands province evaluate, rising prices of subsidized fuel would indirectly lead to inflation because the price of other commodities will rise due to high transportation costs.

"Nationally, there will be inflation due to rising prices of subsidized fuel was not too big though," said Head of Distribution Statistics Central Statistics Agency (BPS) Riau Islands (Riau Islands), Mangamputua Gultom, in Tanjungpinang on Thursday.

Fuel Price Increase, Indonesian People Have to Find a Way to Adapt

The increase in fuel prices make people have to find a way to adapt. Based on a survey conducted by global research company, Kadence International, the majority of residents in five major cities in Indonesia to reduce their spending to buy cigarettes after gasoline rose last week. 

"Due to rising fuel prices, there are several requirements that must be reduced, increased or expenditure allocation same. However, the majority of respondents reducing their spending to buy cigarettes, "said Managing Director of Kadence Indonesia, Vivek Thomas in exposure which took place in Jakarta, Wednesday, June 26, 2013.