A petroleum shortage linked to Russia’s invasion of Ukraine is driving up prices for commodities, but analysts say those could bring a windfall to Indonesia, Southeast Asia’s largest economy and a major producer of coal, palm oil and nickel. Neighboring Malaysia, meanwhile, has had to increase government subsidies to keep prices down at the pump […]
Read MoreThe founder and CEO of Japan-based SoftBank Group has backtracked on a commitment to invest in Indonesia’s new national capital city to be built from scratch in East Kalimantan. Citing Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan, Bloomberg reported on March 11 that Masayoshi Son would no longer be an investor in the […]
Read MoreJAKARTA: Indonesian President Joko Widodo on Friday (Mar 11) warned the fallout from the war in Ukraine could disturb domestic price stability, and questioned how long the government could keep local fuel prices steady amid high global oil prices. The inflation rate in Southeast Asia’s largest economy has so far stayed benign, with February’s headline […]
Read MoreINDONESIA’S economic growth will likely take a greater hit from rising inflation amid ongoing uncertainty, said UOB Global Economics & Markets Research. In a report on Friday (Mar 11), economist Enrico Tanuwidjaja raised his forecasts for Indonesia’s inflation rate to 3.3 per cent from 2.4 per cent, as he expects the Ukraine conflict will drive […]
Read MoreJakarta. Indonesia, the largest producer of crude palm oil, has decided to stifle its palm oil export over the next six months in a move designed for taming the cooking oil scarcity within its border, sending the commodity price to a new all-time high. Indonesia has been faced with irony for several weeks now. Despite being responsible for production for […]
Read MoreSEBERANG JAYA: Malaysia and Indonesia will sign a memorandum of understanding (MoU) on March 17 for the recruitment of foreign workers from Indonesia. Human Resource Minister Datuk Seri M Saravanan said the MoU would be signed by both parties to allow the entry of domestic workers from Indonesia into Malaysia. According to him, issues pertaining […]
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Thailand
