Indonesia lifting a three-week-old ban on palm oil exports and the government’s decision to curb wheat exports will help ease food inflation and thereby the overall consumer price index (CPI) inflation in the coming months, according to economists. However, food inflation may still remain above the headline rate in the short term. Food inflation came […]
Read MoreJAKARTA: Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday. The decision to lift the ban was taken despite the price of bulk cooking oil having not yet reached the targeted 14,000 rupiah per litre price, as […]
Read MoreEnrico Tanuwidjaja, Economist at UOB Group, comments on the recently published trade balance figures in Indonesia. Key Takeaways “Indonesia’s trade surplus hit all-time high in April 2022 to reach USD7.5bn vs. USD4.5bn in March 2022.” “Mineral fuels and oils were leading the gains in overall exports’ strong surge last month, but amidst the CPO export […]
Read MoreGovt targets 875,000 MSMEs to embrace digital e-commerce in society and aims to bring 80% of its services online for both by 2025 Malaysia’s digital economy is expected to contribute 22.6% of Malaysia’s GDP and create about 500,000 new jobs by the year 2025, says Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. […]
Read MoreEconomist at UOB Group Enrico Tanuwidjaja reviews the improvement in the consumer sentiment gauge in Indonesia. Key Takeaways “Indonesia’s Consumer Confidence Index increased slightly in Apr to 113.1, up by 2.1pt from March’s 111.0.” “The Current Economic Condition Index increased slightly to 98.9 in Apr from Mar’s 93.9.” “Consumer generally remains upbeat on the economy […]
Read MoreJAKARTA, May 17 (Reuters) – Indonesia’s trade surplus jumped to its largest ever at $7.56 billion in April, as exports rose to a new record high while imports grew slower than expected, data from the statistics bureau showed on Tuesday. The resource-rich country has reported a trade surplus every month in the past two years, […]
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