Indonesia's President Joko Widodo on Tuesday proposed a slightly smaller budget for 2023 than for this year to Parliament, pledging to consolidate fiscal positions after racking up large deficits during the pandemic.
JAKARTA (Bloomberg): Bank Indonesia will probably focus on stagflation risks on the horizon and delay hiking the policy rate even after second-quarter data suggested the economy is on a steadier footing.
Indonesia tightens palm oil export curbs in new hit to global supplies heatingnewsjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heatingnewsjournal.com Daily Mail and Mail on Sunday newspapers.
Palm oil storage tanks in Indonesia, the world’s biggest producer of the commodity, may start brimming as producers hold stocks to comply with the government’s move to ban exports of cooking oil and its raw materials to cool domestic prices.