The mandatory distribution of a 20 percent blend of biodiesel ( B20 ) that was launched in early September has not reduced diesel fuel imports. Imports in November even increased to 845,082 tons, 26.10 percent higher than the figure in October, according to the data issued by Statistics Indonesia (BPS). BPS statistics distribution director Anggoro […]
Read MoreThe prices of eggs, long known as the most affordable source of protein, remain high after the government intervened at eight traditional markets in Jakarta on Monday. At Tebet Barat Market in South Jakarta, the price of eggs only dropped temporarily from Rp 28,000 (US$1.93) per kilogram to Rp 23,000 per kg during the market […]
Read MoreThe government will issue a new policy to boost exports after Statistics Indonesia (BPS) announced a US$ 2.05 billion trade deficit in November, the largest recorded in the last five years, according to Coordinating Economic Minister Darmin Nasution. “We will soon arrange the draft of new policy along with other ministries, particularly the Industry Ministry,” […]
Read MoreA government policy to impose higher import tariffs on 1,147 consumer goods has been unable to significantly discourage importers, with imports decreasing by less than 10 percent since the rule was implemented in October. “From January to September, the [monthly] value of imports was US$31.1 million. It only decreased to $28.1 million [after the policy […]
Read MoreEven as liquor producers are still struggling to recover from the impact of the market limitation that has been enforced since 2015, they question the government policy to increase the excise tax for the products, which they fear would further burden the industry. The Indonesian Malt Beverage Industry Association (GIMMI) reported that the sales of […]
Read MoreJAKARTA: Indonesia posted its widest trade deficit in more than five years in November as exports fell, adding pressure on the currency. The trade deficit was US$2.1bil, much bigger than the US$735mil shortfall predicted by economists in a Bloomberg survey, and the worst result since July 2013. Imports jumped 11.7% from a year earlier, according […]
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