Indonesia will prioritizes imports of buffalo meat, rice and raw sugar from India after the South Asian country adjusted crude palm oil (CPO) tariffs for its top two importers, Malaysia and Indonesia, earlier this month. “India has given us an opportunity to increase our CPO exports, it is only fair to give India access to […]
Read MoreMANILA, Philippines — While the Philippines could see a spike in nickel prices when it is able capitalize on Indonesia’s nickel ore ban, the government is unsure if the local sector will be able to meet the demand for high grade ore. In an interview, Mines and Geosciences Bureau (MGB) director Wilfredo Moncano told reporters […]
Read MoreIndonesia’s trade data announced on Monday paints a bleak outlook for the country’s economy as it hints at cooling domestic consumption and stagnating investment, the two key contributors to its gross domestic product (GDP). The country’s exports fell almost 10 per cent year-on-year to $14.28 billion last month while imports plunged deeper by 15.6 per […]
Read MoreThe Trade Ministry will revise its newly implemented Ministerial Regulation No. 29/2019 regarding export and import of livestock and meat products to emphasize halal certification requirements for exporters. It did not incorporate the halal certification in the regulation as the requirement has been regulated by the Agriculture Ministry, causing public assumption that imported meat products […]
Read MoreAn Energy and Mineral Resources (ESDM) Ministry official said on Tuesday that the recent attack on oil facilities in Saudi Arabia would unlikely affect Indonesian oil supplies because the former’s production remained sufficient to fulfill export commitments to the latter. ESDM acting oil and gas director general Djoko Siswanto said Indonesia imported around 110,000 barrels […]
Read MoreWith more and more Indonesians entering the middle class and affluent consumer (MAC) demographic, President Joko “Jokowi” Widodo is urging young entrepreneurs to drive the efforts to turn Indonesia into a global production hub, instead of stopping at mere consumption. Speaking at the National Meeting of the Association of Young Indonesian Businesspeople (Hipmi), the President spoke […]
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