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The Indonesian government announced Thursday that the upstream oil and gas sector will be exempted from the controversial single-gate export centralization policy, a significant reversal that underscores the political economy’s sensitivity in a capital-intensive industry reliant on foreign investment.

Energy and Mineral Resources Minister Bahlil Lahadalia told delegates at the 2026 Indonesian Petroleum Association Convention and Exhibition in BSD City that the regulation under PP No. 21/2026 will not apply to upstream oil and gas operations. “I bring a special message from the President: the regulation does not apply to the upstream oil and gas sector. So, there is no need to worry, it’s business as usual,” he said.

Under a separate concession, Bahlil also confirmed that oil and gas exporters face different deposit rules than other exporters. Forex retention in the sector will be capped at 10 to 30 percent, reflecting heavy reliance on foreign financing.

The exemptions come days after President Prabowo announced on May 20 that key commodity exports — crude palm oil, coal, and ferroalloys — would be channeled through a single state-owned enterprise, PT Danantara Sumberdaya Indonesia (DSI). The government aims to prevent under-invoicing and transfer pricing fraud, which officials said could be costing the state up to US$150 billion annually.

During a June-to-September trial phase, exporting firms will still conduct direct transactions with buyers, but DSI handles export filing. From January 2027, DSI takes full control of export contracts, shipments, and payments. A later phase will expand the list to all strategic natural resource commodities.

The policy has drawn business pushback. The Indonesian Coal Mining Association warned that existing contracts, permits, and shipping schedules complicate any abrupt shift, while industry groups fear a de facto monopoly that could undermine buyer confidence a…

The revelation that an alleged Malaysian scam kingpin was released after paying 10 million ringgit (US$2.4 million) fine has sparked public outrage over claims of preferential treatment for a man at the centre of a controversial photo-op with Prime Minister Anwar Ibrahim.
Liow Soon Hee – better known as Nicky Liow – was cleared of all 26 money-laundering charges involving more than 36 million ringgit, the country’s top prosecutor said on Friday. Authorities earlier believed he led a multimillion…

Rina left Myanmar shortly after the 2021 coup as military violence escalated against pro-democracy protesters like herself and the economy of her country, once a Southeast Asian frontier that had flickered with promise, ground to a virtual halt.
Now in Bangkok, the 21-year-old has found work in a cafe, a regular, albeit low-salaried income, the minimum required by the millions of her age group forced to survive outside a domestic economy in ruins, where civil war has killed an estimated 100,000…

Fresh proposals aimed at encouraging the development and operation of district heating networks in Ireland have been published by the Irish government.

Jetstar’s plan to charge passengers for overhead locker space is set to test how far budget airlines in the Asia-Pacific region can go in making travellers pay separately for what was once part of a basic fare.
The Australian carrier’s move comes as rising costs and competition push airlines to find new revenue beyond the ticket price, potentially giving regional rivals cover to study similar fees.
Aviation analysts described the plan by Qantas’ low-cost arm as an “extreme” form of unbundling –…

A pilot allegedly caught with tens of thousands of Ecstasy pills in Jakarta is the most high-profile case in a recent string of arrests that police and criminologists say points to a growing problem: transnational syndicates are using Malaysia to move drugs and recruit couriers.
The case was followed within days by other arrests involving Malaysians in Indonesia, Thailand and Singapore, suggesting a pattern of criminal organisations exploiting the country’s transport links, porous borders and…

A new national AI framework aims to spur next-generation data centre job creation, but it will also require operators and employers to re-examine their enterprise-level agreements, workforce planning frameworks, skills shortages and training obligations.

Meta Platforms’ ⁠CEO Mark ⁠Zuckerberg has apologised to the ⁠Indian government over child sexual abuse material on the company’s platforms and for operational errors, local television channels reported on Wednesday.
Zuckerberg apologised for the presence of the material, as well as deepfake content and operational ‌lapses on Meta’s platforms, financial news publication Moneycontrol reported, citing sources.
The publication added the apology was conveyed during a meeting between Meta executives…

Malaysian authorities vowed to identify and close security loopholes in its airports after a pilot allegedly transported drugs from the country before being arrested in Indonesia last week.
Malaysia’s home and transport ministries would implement steps to improve aviation security, and would place police officers at certain checkpoints, the government’s spokesman Fahmi Fadzil said in a briefing on Wednesday after a cabinet meeting.
“Malaysia Airlines will also revise their protocols for…

The New South Wales Court of Appeal has provided recent guidance as to service of adjudication applications in Western Australia under the state’s security of payment legislation.