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Indonesia to lift palm oil export ban from Monday

JAKARTA: Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The decision to lift the ban was taken despite the price of bulk cooking oil having not yet reached the targeted 14,000 rupiah per litre price, as […]

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Indonesia: Trade surplus prints record figures in April – UOB

Enrico Tanuwidjaja, Economist at UOB Group, comments on the recently published trade balance figures in Indonesia. Key Takeaways “Indonesia’s trade surplus hit all-time high in April 2022 to reach USD7.5bn vs. USD4.5bn in March 2022.” “Mineral fuels and oils were leading the gains in overall exports’ strong surge last month, but amidst the CPO export […]

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Indonesia: Consumer Confidence improves in April – UOB

Economist at UOB Group Enrico Tanuwidjaja reviews the improvement in the consumer sentiment gauge in Indonesia. Key Takeaways “Indonesia’s Consumer Confidence Index increased slightly in Apr to 113.1, up by 2.1pt from March’s 111.0.” “The Current Economic Condition Index increased slightly to 98.9 in Apr from Mar’s 93.9.” “Consumer generally remains upbeat on the economy […]

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