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Indonesia

WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

  • [New] Given Indonesia's reliance on palm oil exports and how a prolonged ban could seriously damage Indonesia's economy, the country as expected, has rescinded the decision to ban its palm oil exports. BusinessToday
  • [New] Indonesia will lift its ban on palm oil exports next week. The Manila Times
  • [New] Indonesia will impose a domestic sales requirement for palm oil, to shore up local supplies of cooking oil when the world's biggest producer of the edible oil reopens exports next week. Nikkei Asia
  • [New] Earlier in 2022, fearing potential blackouts, the Indonesian government moved to ban the export of coal to shore up domestic supply. CSIS
  • [New] Indonesia aims to achieve net zero emissions by 2060 and has targeted to increase its renewable energy portfolio in its energy mix to 23% by 2025, from around 12% currently. American Fuel & Petrochemical Manufacturers
  • [New] Indonesia's national oil company Pertamina has formed a partnership with US major Chevron to co-operate on low carbon business opportunities in Indonesia and other Asian markets. the weekly ledger
  • [New] In Southeast Asia, the value of digital economy is predicted to reach US$ 330 billion by 2025, and in Indonesia, the digital economy is growing at 20% per year to reach US$ 146 billion in 2025, Jokowi stated as broadcasted on Friday. Antara
  • [New] Once the menstrual leave has been officially approved, Spain will join Japan, South Korea, Indonesia and Zambia as countries that grant menstrual leave. Women's Agenda
  • [New] The world is projected to add another four billion AC units by 2050, largely driven by demand in emerging economies such as India and Indonesia. Scientific American
  • Indonesia may lift the ban on exports sometime this month, but there is no guarantee it will not restrict exports again. ETRetail
  • The price of edible oils such as soy oil, sunflower oil and rapeseed oil is expected to rise after Indonesia announced a surprise export palm oil ban. Asia News Network
  • More data-oriented innovations like Global Plastic Watch will lead us to a more sustainable policy outcome and improving collaborations in data collections in Indonesia. Yahoo Entertainment
  • Indonesia's sudden export ban on palm oil has industry watchers anticipating a surge in the cost of edible oils, including sunflower oil, soybean oil and rapeseed oil. .foodingredientsfirst.com/
  • Although Malaysia is expected to benefit from Indonesia's drastic policies, producers face a pandemic-induced labour shortage and said they cannot fill the global supply gap. Reuters
  • There's little to no sustainability requirements for palm oil destined for biofuels use, so it could be argued that all the palm oil boycotts and consumer pressure have merely led to conflict palm oil being burned in Indonesia rather than eaten abroad. Triple Pundit
  • Coal-powered Chinese and Indonesian metal production will dominate global refining capacity growth for battery metals and rare earths, while Europe also relies on Russia for aluminium, nickel and copper. EnergyX | Energy Exploration Technologies, Inc.
  • Indonesia was estimated to produce 46.9 million metric tons of crude palm oil in 2022, while domestic demand is only expected to reach 16.9 million metric tons. Eco-business
  • The export ban has prompted warnings that food prices - already undergoing rapid inflation in line with several other commodities - could increase further, causing serious shortages in countries dependent on Indonesian exports, such as India, Pakistan and Bangladesh. Global Trade Review (GTR)
  • The move by Indonesia to pause exports will place extra pressure on the price of cooking oil for consumers in Asia and Africa, who have already been hit by higher fuel and food prices, with unpredictable political effects. The Diplomat
  • The ban, which takes effect from Wednesday, will see Indonesia halt exports of all cooking oils and the associated raw materials in order to reduce domestic shortages and rein in runaway price rises that carry the potential of considerable domestic unrest. The Diplomat
  • The pressure of food inflation globally could reduce consumption in poor households in Indonesia, increasing poverty. Al Jazeera

Last updated: 23 May 2022


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