Despite a low selling price, the government will sell some cargoes of liquefied natural gas (LNG) through the spot market this year because of weak domestic consumption. Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) chief Amien Sunaryadi said as many as 25 cargoes of LNG were still uncommitted this year, meaning that the …
Kategori: Business English
Rupiah opens at Rp 12,504 on Friday
The rupiah interbank trade rate in Jakarta depreciated in Friday’s opening session by 24 basis points to Rp 12,504 per US dollar from Rp 12,480 per US dollar in the earlier trade. “The rupiah weakened against the US dollar in the morning since a number of currencies across Asia failed to appreciate in the market,” …