Indonesia to grow 2 million hectares of sugarcane for bio-ethanol fuel development
The Indonesian government is implementing preferential policies to develop bio-ethanol fuel in the future, reduce dependence on fossil fuels and protect the environment.
Speaking at the "Jakarta Future Forum: Blue Horizon, Green Growth", Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan said the government will subsidise the development of bio-ethanol fuel, elaborating that the utilisation of bio-ethanol as fuel serves as one of the quick steps to address air pollution issues in the country.
According to Pandjaitan, the government had not ruled out the possibility of mixing ethanol with Pertalite, a type of gasoline offered by state-owned oil and gas company Pertamina.
In order to expedite the development of bio-ethanol, it is aiming to make use of around 2 million hectares of sugarcane plantation in Papua region, he said.
The official said the government is planning to use corn, sugarcane or even seaweed to produce bio-ethanol.
The Government approved Decree 15 of 2024 signed by President Joko Widodo on April 19 to form a task force for the acceleration of sugar and bioethanol self-sufficiency stationed in Merauke district, South Papua province, he added.
- Read More
Vietnam spends nearly $1 bln importing cars in four months
Vietnam imported 43,805 cars worth $929.4 million in the first four months of 2024, down 19.4% in volume and 23.5% in value year-on-year, according to the General Department of Vietnam Customs.
Southeast Asia - Wed, May 15, 2024 | 10:44 pm GMT+7
Laos forms joint venture company to manage clean energy business
The Lao government and Energy Absolute Public Company Limited (EA) - a company from Thailand have formed a joint venture company named Super Holding Company to manage the clean energy business.
Southeast Asia - Wed, May 15, 2024 | 10:40 pm GMT+7
Lawrence Wong sworn in as Singaporean Prime Minister
Lawrence Wong on Wednesday evening took his oath of office as Singapore's fourth Prime Minister at the Istana, the country's presidential palace.
Southeast Asia - Wed, May 15, 2024 | 8:07 pm GMT+7
Thuduc House scam mastermind wanted by HCMC police for usury still absconding
Ho Chi Minh City investigators said Wednesday they were still looking for Trinh Tien Dung, absconding mastermind of the Thu Duc Housing Development Corporation (Thuduc House) scam, for "committing usury in civil transactions".
Society - Wed, May 15, 2024 | 7:46 pm GMT+7
Tencent-invested Vietnamese game developer sees audited 2023 losses double to $82.5 mln
Ho Chi Minh City-based online game developer VNG Corporation, has reported an audited consolidated net loss of VND2,101 billion ($82.5 million) in 2023, nearly double its 2022 figure.
Companies - Wed, May 15, 2024 | 5:18 pm GMT+7
Vietnam, Sweden set sights on direct flights ‘soon’
Vietnam and Sweden should work together to launch direct flights between the two countries soon, senior officials said Tuesday.
Travel - Wed, May 15, 2024 | 4:52 pm GMT+7
Vietnam realty stock deleted from MSCI Frontier Markets Index
Global index provider MSCI has removed the stock of Nam Long Investment Corporation (HoSE: NLG) from its MSCI Frontier Markets Index.
Finance - Wed, May 15, 2024 | 4:36 pm GMT+7
Container shipping firm Viconship’s 2024 AGM fails to meet quorum
Vietnam Container Shipping Joint Stock Corporation (Viconship) could not hold its 2024 AGM last month after failing to meet its quorum.
Companies - Wed, May 15, 2024 | 4:31 pm GMT+7
Vietnam central bank likely to maintain monetary easing policy: Shinhan Bank
Vietnam’s central bank is likely to maintain a monetary easing policy in order to continue supporting economic growth, according to analysts with Shinhan Bank.
Banking - Wed, May 15, 2024 | 3:16 pm GMT+7
Coffee prices rise, more businesses go bankrupt: exec
Robusta coffee prices are continuing to rise sharply, exceeding Arabica for the first time in over 50 years, and while coffee growers are content, many coffee traders are struggling, writes Phan Minh Thong, general director of Phuc Sinh Group, a leading coffee exporter in Vietnam.
Companies - Wed, May 15, 2024 | 1:22 pm GMT+7
Thai government wants to sell 10-year-old rice
Thailand's Deputy Prime Minister and Minister of Commerce Phumtham Wechayachai said on Monday that the government wants to sell the last stocks of decade-old rice.
Southeast Asia - Wed, May 15, 2024 | 1:06 pm GMT+7
Singapore promotes new mindset in public communications
Singaporean Deputy Prime Minister Lawrence Wong has pledged to hold more press conferences so that the government can better communicate its "thinking and considerations" to the public.
Southeast Asia - Wed, May 15, 2024 | 1:03 pm GMT+7
Jakarta builds one of global largest waste processing facilities
Indonesia commenced the construction of a plant turning waste into alternative fuel (refuse-derived fuel or RDF) in Rorotan, North Jakarta, on Monday.
Southeast Asia - Wed, May 15, 2024 | 1:02 pm GMT+7
Indonesia needs over 31 tonnes of rice in 2024
Indonesian President Joko Widodo on Monday revealed that the realisation of rice imports through State Logistics Agency (Bulog) was only less than 5% of the total national needs.
Southeast Asia - Wed, May 15, 2024 | 1:00 pm GMT+7
Public security ministry continues search for holders of scandal-hit Van Thinh Phat bonds
The Ministry of Public Security's investigative agency (C03) is looking for holders of bonds from 25 packages issued by real estate developer Van Thinh Phat.
Society - Wed, May 15, 2024 | 11:42 am GMT+7
Vietnam gov’t vows to tighten gold market as high prices linger
The Vietnamese government is taking action to tighten control over the local gold market as prices of the precious metal remain high despite the central bank’s resumption of auctions after an 11-year hiatus.
Finance - Wed, May 15, 2024 | 11:14 am GMT+7