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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 – BI: August’s Retail Sales Increase due to Asian Games

TEMPO.CO, Jakarta – A survey conducted by Bank Indonesia (BI) shows that retail sales increased in August 2018 due to the establishment of Asian Games. BI’s Communications Department Executive Director Agusman Zainal said the real sales index in August 2018 rose to 6.1 percent year-on-year (yoy), compared to July 2018 at 2.9 percent (yoy). “The increase influenced by […]

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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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World Bank warns of debt rollover risk in Indonesia, Thailand

MANILA: Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability […]

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