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Lion Energy Contracts Rig for Bula Karang-1 Well in Indonesia, Aiming to Tap Oil Resources

Lion Energy Contracts Rig for Bula Karang-1 Well in Indonesia, Aiming to Tap Oil Resources

Lion Energy Contracts Rig for Bula Karang-1 Well in Indonesia, Aiming to Tap Oil Resources
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VinFast Achieves Record Sales, Prepares for Expansion into India and Indonesia

VinFast Achieves Record Sales, Prepares for Expansion into India and Indonesia

VinFast Achieves Record Sales, Prepares for Expansion into India and Indonesia
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Indonesia's Forestry Ministry Promotes Sustainable Agriculture for Food Security

Indonesia's Forestry Ministry Promotes Sustainable Agriculture for Food Security

Indonesia's Forestry Ministry has announced its commitment to advancing sustainable agriculture to achieve food self-sufficiency. Deputy Forestry Minister Rohmat Marzuki emphasized the importance of optimizing land use, particularly in non-forested areas, to support agricultural development. This initiative is part of a broader strategy to integrate technology, human resources, and global partnerships to transform agriculture in the Lake Toba Region. The National Economic Council, chaired by Luhut Binsar Pandjaitan, recently held a meeting focusing on AI-based agricultural development, highlighting the role of technology in enhancing productivity and efficiency. The ministry aims to use AI for real-time data collection and analysis to improve policy-making and ensure stable food commodity supplies and prices.
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Lion Energy Advances Oil Exploration with Rig Contract in Indonesia

Lion Energy Advances Oil Exploration with Rig Contract in Indonesia

Lion Energy has secured a contract with Silver City Drilling for the SCD-20 rig to drill the Bula Karang-1 exploration well in Indonesia's East Seram production sharing contract. This marks a significant step in the company's exploration activities in the region. The well is expected to spud in mid-2026 and aims to target oil resources in the East Seram block. Designed as a deviated well, Bula Karang-1 will test offshore structures from an onshore location, which is intended to reduce development costs while accessing potential reservoirs. The prospect is estimated to contain approximately 12 million barrels of oil, with drilling anticipated to provide further insights into the block's resource potential.
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The Latest: US and Iran race to find missing crew member from downed military plane

The Latest: US and Iran race to find missing crew member from downed military plane

The search is on for one missing U.S. service member while another was rescued after two U.S. warplanes went down in separate incidents including the first shoot-down since the Iran war began nearly five weeks ago
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Magnitude 7.4 Earthquake Strikes Indonesia, Causing Structural Damage

Magnitude 7.4 Earthquake Strikes Indonesia, Causing Structural Damage

A magnitude 7.4 earthquake has struck Indonesia, causing significant damage to buildings and prompting residents to flee into the streets. The earthquake's impact was captured in video footage showing the extent of the destruction. Emergency services are responding to the situation, assessing the damage and providing aid to affected areas. The earthquake has disrupted daily life, with people seeking safety and authorities working to manage the aftermath.
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Magnitude 7.4 Earthquake in Indonesia Causes Building Damage and Small Tsunami

Magnitude 7.4 Earthquake in Indonesia Causes Building Damage and Small Tsunami

An undersea earthquake with a magnitude of 7.4 struck northern Indonesia, resulting in significant structural damage and a small tsunami. The earthquake led to the collapse of buildings and prompted residents to evacuate their homes. At least one fatality has been reported. The event has raised concerns about the potential for further aftershocks and the impact on local communities. The Indonesian authorities are currently assessing the damage and coordinating relief efforts to assist those affected by the disaster.
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BDx Secures $320 Million Loan to Boost Indonesian Data Center Growth

BDx Secures $320 Million Loan to Boost Indonesian Data Center Growth

BDx Data Centers has secured a $320 million loan facility to support the development of its AI-focused data center campus in Jakarta, Indonesia. The loan, led by Bank Permata, BCA, and KB Bank, will fund strategic initiatives including the expansion of CGK3, a liquid-cooled campus designed for high-density compute infrastructure. The facility aims to cater to the growing demand for AI and cloud services in Southeast Asia. BDx plans to use the loan proceeds to refinance existing debt and increase the high-voltage grid capacity at its Jatiluhur and Suryacipta campuses to 1.2 GVA, accommodating US and regional hyperscaler and AI customers.
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KPK Investigates Businessman Robert Priantoro Bonosusatya Over Coal Mining Fees

KPK Investigates Businessman Robert Priantoro Bonosusatya Over Coal Mining Fees

The Corruption Eradication Commission (KPK) in Indonesia has questioned businessman Robert Priantoro Bonosusatya regarding collection fees from coal mining companies in Kutai Kartanegara Regency. The investigation focuses on the collection money related to the traffic lane for transporting mining materials. KPK spokesperson Budi Prasetyo stated that Bonosusatya was cooperative during the questioning. The investigation is part of a broader probe into corruption allegations involving former Regent of Kutai Kartanegara, Rita Widyasari, who is accused of receiving significant sums from coal mining operations. The KPK has identified three companies as corporate suspects in this case, believed to have facilitated the receipt of corrupt funds by Widyasari.
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Sustainable Tourism Impact Fund Expands Investments in Southeast Asia

Sustainable Tourism Impact Fund Expands Investments in Southeast Asia

The Sustainable Tourism Impact Fund, a collaboration between Agoda, WWF Singapore, and the UnTours Foundation, has announced its second round of investments in sustainable tourism businesses across Southeast Asia. The fund aims to support small and medium-sized tourism enterprises that integrate environmental restoration, climate resilience, and inclusive economic development into their operations. Each investee receives $25,000 in loan capital to expand their impact-driven initiatives. Recent investments include Livingseas Asia in Indonesia, which focuses on coral reef restoration, and Bambike Ecotours in the Philippines, which combines bamboo agroforestry with regenerative tourism experiences.
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Indonesia delays again deportation of Scottish crime boss to Spain

Indonesia delays again deportation of Scottish crime boss to Spain

Indonesian authorities have delayed the extradition of alleged Scottish crime boss Steven Lyons to Spain for a second day