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NEWS UPDATES Asean Affairs     May 18, 2017  







Petroleum businesspeople call for increased govt efforts

The Indonesian Petroleum Association (IPA) has expressed concerns over the investment climate in Indonesia’s upstream oil and gas sector amid poor oil prices.

IPA president Christina Verchere said that although she appreciated the government’s moves to issue new policies intended to improve the investment climate, more efforts were needed to make the oil and gas sector more attractive to investors.

“Some other uncertainties such as fiscal terms and the tax regime also need to be addressed so that Indonesia can be more competitive,” she said during the opening of the 41st IPA convention and exhibition in Jakarta on Wednesday.

Verchere acknowledged that the government was committed to working with the IPA to achieve its goals.

However, she emphasized that what had been done by the government had not brought in investors. “The facts show that the number of active fields is in decline; exploration results are not good and lately there has been only a minimal amount of exploration activities across the country,” she said.

The IPA convention and exhibition, one of the biggest energy gatherings in Southeast Asia, will be held for three days from May 17 to May 19 at the Jakarta Convention Center.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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