JAKARTA : Indonesia Finance Ministry raised its maximum export tax for crude palm oil (CPO) to $288 per tonne for when the government’s reference price is set above $1,500 per tonne, a regulation document reviewed by Reuters showed on Friday. The new taxes took effect from June 10. Indonesia, the world’s biggest palm oil exporter, […]
Read MoreJAKARTA : Indonesia has launched an export acceleration scheme aimed at shipping at least 1 million tonnes of crude palm oil and derivatives following a recent export ban, according to a trade ministry regulation made public on Thursday. The regulation is effective immediately and the acceleration scheme applies until July 31. If a larger shipment […]
Read MoreTHE effect of a rupiah depreciation is likely more severe for Indonesian property developers today because the unhedged portion of their US dollar borrowings has increased, said Moody’s Investor Service in a report on Thursday (Jun 9). Indonesian developers are exposed to foreign exchange risk as they have a large portion of US dollar debt […]
Read MoreJAKARTA, June 8 — About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country. Millions of consumers and small business owners in the world’s fourth most populous nation have been rattled for months by skyrocketing cooking […]
Read MoreJAKARTA, June 8 (Reuters) – Indonesia’s parliament is proposing the inclusion of coal-based energy and nuclear as “new energy” sources in a draft of a new bill reviewed by Reuters, which also proposes renewable energy compensation and incentives. The draft bill, which will be put forward for discussion with the government, also proposes a so-called […]
Read MoreIndonesia is launching a new five-year visa for remote workers, according to a report from Bloomberg. As part of the country’s push to lure higher-spending, longer-staying travelers to its islands, government and tourism officials believe a Bali digital nomad visa that doesn’t require renewal every 30 or 60 days is key to bringing in expats. The country […]
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