National oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy. “It is the right time for the sale as global coal prices have risen since the end of last year,” said Auttapol Rerkpiboon, chief executive and president […]
Read MoreINDONESIA’S central bank continued to build the case to keep its policy rate unchanged for longer, as it sees subsiding food costs and slower global monetary tightening. Bank Indonesia (BI) will continue to normalise monetary policy, but there is no need to quickly raise interest rates like other countries, Governor Perry Warjiyo said in a […]
Read MoreYahoo, PayPal, and several gaming websites have been blocked by Indonesia for failing to comply with new regulations, according to Reuters. The new licensing rules required tech firms to register as of November 2020 and allows authorities to access platform user data. It also lets them take down content seen as unlawful – or that “disturbs public […]
Read More(Bloomberg) — Consumer prices in Indonesia rose by the fastest pace in nearly seven years in July, driven by stubbornly high food costs. Inflation stood at 4.94%, the highest since October 2015, the national statistics agency said on Monday. It beat the median forecast of 4.82% in a Bloomberg survey of analysts, and marked the […]
Read MoreKUALA LUMPUR: Palm oil prices will weaken further in the short term due to softer demand and “distress selling” by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday. Malaysia‘s benchmark crude palm oil prices FCPOc3 rose to record highs earlier this year as Russia’s invasion of Ukraine and a temporary export ban by Indonesia tightened global […]
Read MoreINDONESIA has issued palm oil export permits for a combined 3.84 million tonnes through its so-called Domestic Market Obligation (DMO) scheme as well as its programme to accelerate exports as at Monday (Jul 25), Trade Ministry adviser Oke Nurwan said on Tuesday. Indonesia has set a total export quota of around 6.3 million tonnes under the […]
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Thailand
