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(Bloomberg) Prabowo Subianto will reach across party lines to try and form a stable government after posting a convincing win in Wednesday’s presidential election, according to a campaign official.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedDip Buyers Wade Back In
(Bloomberg) Prabowo Subianto will reach across party lines to try and form a stable government after posting a convincing win in Wednesday’s presidential election, according to a campaign official.Most Read from BloombergJapan Loses Its Spot as World's Third-Largest Economy as It Slips Into RecessionIsrael Quits Ceasefire Talks Over ‘Delusional’ Hamas DemandsThe Brutal Reality of Plunging Office Values Is HereTrump Eyes NATO Makeover, Hurried Peace in Ukraine If ElectedDip Buyers Wade Back In
The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut costs or halt production. However, there is hope for relief through potential relaxation of the export ban policy. Efforts are underway to boost alumina production capacity, although challenges persist in addressing the surplus bauxite issue.