KUALA LUMPUR: Malaysian palm oil futures fell more than 1 percent on Wednesday due to expectations of rising inventories in Malaysia and a change in Indonesia’s export levy rules. Indonesia relaxed rules on palm oil levies and derivative products effective immediately following a drop in prices, the country’s finance ministry said on Wednesday. It will not collect levies from palm […]
Read MoreE-commerce platform Lazada Indonesia is to hold a three-day online shopping festival, the Lazada 12.12 Grand Year End Sales, from Dec. 10 to 12, one day of which would be dedicated to promoting the sales of Indonesian products, including those produced by small and medium enterprises (SMEs). “As a Lazada commitment to boost local product […]
Read MoreIndonesia’s consumer confidence index (CCI) rose 0.8 percent from 98.2 to 99.0 in November, after decreasing 3.2 percent in the previous survey, according to Danareksa Research Institute (DRI). “Consumers are more upbeat on the economic outlook and are also more positive on the job market outlook as well as their family incomes,” DRI says in a […]
Read MoreCoordinating Economic Minister Darmin Nasution expects inflation to come in below 3 percent this year, thanks to control over the prices of major commodities. “I project that this year’s inflation rate will be more or less 3 percent. I think it will be less,” Darmin said on Monday, as quoted by kontan.co.id. Statistics Indonesia (BPS) announced […]
Read MoreA researcher from Yayasan Kehati (Biodiversity Foundation) has called on stakeholders in the country’s palm oil business to listen to the aspirations of foreign buyers, who have voiced concern over the production of Indonesia’s flagship commodity. Ichsan Saif, Yayasan Kehati’s environmental policy researcher, said foreign buyers’ concerns should not always be treated as a negative […]
Read MoreTEMPO.CO, Jakarta – The Indonesian currency rupiah rose in value in inter bank transaction on Monday afternoon gaining 35 points to close at the level of 14,246 per U.S. dollar from 14,281 earlier. Rully Nova, a financial market observer from Bank Woori Saudara Indonesia, said on Monday that the relaxation of trade war between the two world`s economic […]
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