Indonesia

The Ministry of Plantation Industries and Commodities (MPIC) said that Indonesia’s move to lift the ban on palm oil exports, effective May 23, 2022, will see a knee-jerk correction in palm oil price but not a big downward adjustment, as the…

Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient. Citing the need to control the price spikes, which have been…

Indonesia is coming under increasing international pressure over its ban on palm oil exports amid soaring food prices worldwide. The ban by the world’s largest palm oil exporter has put pressure on edible oil prices at a time when…

Indonesia's central bank will keep its benchmark interest rate at a record low on Thursday (Aug 19) as it tries to continue to support the economic recovery without adding more pressure on the rupiah amid United States tapering concerns, a…

Indonesia’s Foreign Ministry apologized Thursday for the manhandling of a Nigerian diplomat and announced it had launched a formal investigation of the incident. Nigeria earlier this week recalled its ambassador to Indonesia and summoned…

Indonesia launched on Monday a website to process investment permits, which the government hailed as an important milestone in reforms aimed at making it easier and quicker to do business in Southeast Asia's largest economy. President…

Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections. Southeast…

Indonesia is shifting away from its goal of reaching herd immunity for Covid-19 as the rise of the more infectious Delta variant pushes the threshold beyond reach. Currently available vaccines are less effective at stopping transmission…

Indonesia will begin work on a 145 megawatt (MW) floating solar power project, the largest in Southeast Asia, after state power utility Perusahaan Listrik Negara (PLN) and Masdar of United Arab Emirates agreed financing for the project on…

JAKARTA: Indonesia's foreign minister urged Myanmar on Monday (Aug 2) to approve the appointment of an Association of Southeast Asian Nations (ASEAN) special envoy and said little progress had been made on a plan to promote talks between…