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JAKARTA: Indonesia, the world’s top producer of palm oil, said that its development agenda must take precedence over the need to combat deforestation, tempering expectations around the nation’s climate change commitments.
JAKARTA: The government is considering banning the export of crude palm oil (CPO) to force the development of a downstream palm oil industry in the country, but experts say economic constraints keep a viable downstream sector a distant dream.
JAKARTA: President Joko Widodo ordered a moratorium on licence issuance for fintech lending as the country seeks to eradicate the rampant illegal businesses that have trapped many people and small firms with high-interest loans.
A tidy financial centre of 5.7 million people is gradually preparing for life after the pandemic, as vaccination rates increase, social distancing measures ease and residents once again dare to daydream about leisure travel.
ON APRIL 29, the United States will celebrate the first 100 days of 46th president Joseph Biden. After four years of the chaotic Donald Trump governance, the world is relieved how quickly Biden was able to deliver calm and competent professionalism in tackling the pandemic, economy and setting the tone on foreign affairs.
IN upsetting everyone’s best-laid plans, the pandemic has made us aware of the fallibility of our single-minded pursuit of peak efficiency.
JAKARTA: Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare.
JAKARTA: Indonesia’s first annual economic contraction since the 1998 Asian financial crisis may have a long-term impact on the country, pushing back the government’s efforts to escape from the middle-income trap by 2045, a top government official has warned.
JAKARTA: Indonesia sees downside risks for economic growth in the first quarter as the government imposed more restrictions to curb a worsening coronavirus outbreak, said the finance minister.