Any move to buy Russian oil at a price above a cap being set by G7 countries could leave Indonesia vulnerable to US sanctions as it prepares to host a G20 summit in Bali in November.
JAKARTA (Bloomberg): Indonesia is expected to continue bucking the trend of monetary policy tightening although signs that the government may boost fuel prices could convince the central bank to signal a readiness to act to tame inflation.
With $140 billion flowing in each year, super giants are increasingly looking offshore for investments and Indonesia’s fired-up economy is on the radar.