JAKARTA: Indonesia is seeking a balance between capitalising on high global palm oil prices while ensuring food at home is affordable, a senior government official said on Wednesday, amid the country’s ongoing ban on exports of the vegetable oil. The Southeast Asian nation, the world’s top palm oil producer, has since April 28 halted exports […]
Read MoreINDONESIA’S “unpredictable” palm oil export policies may help Malaysia emerge as the dominant supplier to India, the world’s top buyer of the edible oil, industry sources said. Indonesia is the world’s biggest palm oil producer but its erratic export policies, including the most recent ban announced on Apr 22, have pushed Indian consumers to increase […]
Read MoreTEMPO.CO, Jakarta – The Bank Indonesia (BI) Consumer Survey for April 2022 revealed that consumer confidence in the nation’s economic condition has increased. This is reflected in April’s Consumer Confidence Index (IKK) with a score of 113.1, up from March’s 111. “The increase in IKK was driven by consumers’ improved perceptions over today’s economy,” BI head of communications Erwin Haryono […]
Read MoreJAKARTA (AFP) – Indonesia’s economy maintained steady growth in the first quarter (Q1) of 2022 despite global tensions, official data showed yesterday, as the nation reaped the benefits of soaring commodities prices and an easing of COVID restrictions. Indonesia was badly affected by the coronavirus pandemic, with its exports and tourism-reliant economy taking a massive […]
Read MoreAN historic rise in commodity prices and reopening of the economy from Covid-19 curbs helped Indonesia stay on a recovery path in the first quarter, but analysts say headwinds are growing from global monetary tightening and the war in Ukraine. Already, annual consumer prices in April rose 3.47 per cent from a year earlier, the […]
Read MoreThe Ukraine military offensive and the economic sanctions against Russia are putting Indonesian manufacturers in a tight spot, as increasing import costs eat into profit margins. Economists are saying it will only be a matter of time before firms pass on costs to customers. Prices of conflict-impacted commodities like cereals, oil, gas, steel and coal […]
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Thailand
