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Indonesia: Garlic prices push annual inflation to 2.98% in February

Headline inflation in Indonesia rose to 2.98 percent in February from 2.68 percent in January, driven by higher prices of garlic and cayenne, among other commodities. “The highest inflation was recorded in the food, beverages and tobacco [category], especially garlic, cayenne and meat,” Statistics Indonesia (BPS) head of statistics distribution and services Yunita Rusanti told […]

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Indonesian government plans to raise palm oil export levy

JAKARTA: Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel programme. “The increase is currently being calculated, whether it will be a flat increase or progressive,” Hartarto told reporters. Further details on the plan are still being discussed, he […]

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Cambodia – ‘We can’t afford BTS’: Minister talks plan to hire foreign influencers to promote tourism

The government is set to recruit international influencers to attract foreign tourists to Indonesia in the hopes of reinvigorating the tourism industry, which has been deflated by the deadly coronavirus outbreak. Tourism and Creative Economy Minister Wishnutama Kusubandio said the government, which gave his ministry a budget of Rp 72 billion (US$5.2 million) for promotional […]

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Indonesian tourism suffers estimated US$500 million in losses due to COVID-19: Minister Luhut

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said the outbreak of a novel coronavirus around the globe has affected Indonesian tourism, with estimated losses of around US$500 million. “[According to] data from Bank Indonesia, [our] tourism has lost US$500 million in a month,” he told the press on Tuesday as quoted by antaranews.com. Luhut […]

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