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Indonesia, Singapore announce currency swap agreement

President Joko “Jokowi” Widodo and Singaporean Prime Minister Lee Hsien Loong have agreed that Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) would have a currency swap agreement in facing the global uncertainty. The agreement was announced when the leaders met in Bali on Thursday. “Amid the global financial market uncertainty, cooperation is […]

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Indonesia: Logistics, transportation hamper mandatory B20 use

More than one month into mandatory use of a B20 biodiesel blend, the Energy and Mineral Resources Ministry has admitted that several issues are hampering the effort. The ministry’s energy conservation and renewable energy director general, Rida Mulyana, underlined two main issues — logistics and transportations – particularly because state-owned oil and gas holding company Pertamina demanded […]

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Indonesia: Fruit exports grow, imports decrease

Indonesia’s fruit exports increased by 24 percent in September from the same month last year, according to the Agriculture Ministry. The ministry’s fruit and floriculture director, Sarwo Edhy, said that most export recipients were non-tropical countries, where demand had shifted toward organic fruits. “Our top fruit exports included mangoes, bananas, snake fruits, oranges, mangosteen, pineapples and rambutans,” said Sarwo on Friday as reported by kontan.co.id. At […]

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