Indonesia is expecting Russian President Vladimir Putin to continue providing favourable treatment when it comes to palm oil exports by dropping a plan to impose a higher import tariff for the key commodity. The Russian parliament approved a bill to impose a 20 per cent tariff – up from 10 per cent – on palm […]
Read MoreJAKARTA (BLOOMBERG) – Indonesia is planning a slew of incentives for electric-car manufacturers and drivers as it competes with nearby Singapore and Thailand to become the dominant force in South-east Asia for the sector. The move is part of an effort to fortify the local economy and reduce reliance on imported oil. Indonesia, one of the […]
Read MoreJAKARTA: Indonesia’s is preparing a roadmap to expand the downstream industry forpalm oil by 2024 to absorb potential oversupply of the vegetable oil, a senior official at the country’s Ministry of Industry said on Thursday. The Indonesia palm oil association (GAPKI) estimates output of palm and palm kernel oilfrom the world’s top exporter will rise […]
Read MoreThe process for the procurement of a core tax system is still on track as scheduled, with the tax authority set to appoint a procurement agent in October, the government has said. “In October, we are hoping to sign a contract with the procurement agent, who will conduct the procurement process for the core tax […]
Read MoreIndonesia is planning a slew of incentives for electric-car manufacturers and drivers, to help bolster a sector that has already lured investment from Toyota Motor Corp and SoftBank Group Corp, according to a draft government strategy seen by Bloomberg. The measures are aimed at accelerating the adoption of battery-powered cars in Indonesia and building a […]
Read More[JAKARTA] Indonesia’s annual inflation rate accelerated slightly in July, against market expectation for it to ease, but stayed within the central bank’s target range, data from the statistics bureau showed on Thursday. July’s inflation rate was 3.32 per cent on-year, the bureau said, compared with the 3.27 per cent expected in a Reuters poll. The […]
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