ANN/THE JAKARTA POST – Indonesian manufacturers are under pressure due to the weakening rupiah against the US dollar and rising oil prices, resulting in increased input costs for the local industry. The rupiah has been declining in the recent weeks due to uncertainties related to United States monetary policy and geopolitical conflicts. The currency was […]
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Weaker rupiah, high oil prices hit Indonesia’s manufacturing sector Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
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Indonesia is evaluating regulations designed to curb imports of more than 3,000 products, a senior trade ministry official said on Friday, following industry concerns the rules could disrupt the domestic supply chain and disrupt exports. Southeast Asia's biggest economy issued a regulation late last year to tighten monitoring for many imported goods, from food ingredients to hand tools to chemicals. Authorities said they were responding to complaints from business associations about the impact on local markets of an influx of imported goods.