JAKARTA : Indonesia’s trade surplus narrowed more than expected in May, as exports grew more slowly than predicted due to the country’s ban on palm oil shipments, data from the statistics bureau showed on Wednesday. The resource-rich country has been enjoying an export boom since last year on the back of a surge in commodity […]
Read MoreIn order to keep pace with the rapid advancement of technology and growing number of users of technology-based services in Indonesia, particularly in e-commerce industries, a stronger legislative framework is needed to protect personal data and ensure the public’s right to personal data protection. To date, the Indonesian government has yet to issue a law […]
Read MoreJAKARTA : Indonesia’s trade surplus likely shrank significantly in May because of a drop in exports after the government banned shipments of palm oil products, while imports were seen rising more quickly, a Reuters poll showed on Tuesday. Eighteen economists in the poll had a median forecast of $3.83 billion trade surplus for May, about […]
Read MoreJAKARTA : Indonesia on Tuesday issued regulations backing recently announced changes on palm oil export tax policy, including lowering the maximum levy rate to $200 a tonne from $375 and charging special rates for its export acceleration programme. The new rates took effect starting on Tuesday, holding until July 31, when the export acceleration programme […]
Read MoreJAKARTA: Indonesia’s government will allow exporters that have not joined its bulk cooking oil distribution programme to ship palm oil by paying a US$200 per tonne charge on top of the export tax and levy, senior minister Luhut Pandjaitan said on Friday (Jun 10). The move is part of the government’s palm oil export acceleration […]
Read MoreEven as Indonesia enjoys the benefits of a triple surplus in trade, current account balance and fiscal space, the looming threat of inflation and food scarcity loom over the economy for the immediate future, a group of speakers noted at Maybank’s Invest Asean conference. “A prolonged war between Russia and Ukraine will escalate the prices […]
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Thailand
