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Indonesia, palm oil
Indonesia sharply lowers export duty on palm oil to boost shipments
Indonesia sets the weighted average price for palm oil - the reference rate - every month, to calculate export duty. The move is seen as a measure to ramp up shipments by the largest cultivator of palm oil.
Indonesia lowers palm oil levy to boost exports
Indonesia rolled out a new rule on Thursday that imposes a 7.5 percent levy on CPO exports to increase the commodity's global competitiveness amid declining demand relative to other vegetable oils.
Indonesia Amends Palm Oil Levy Regulation to Increase Exports
Indonesia’s Finance Ministry issued new regulations to revise the palm oil export levies, in a bid to boost shipments of the tropical commodity from the world’s biggest grower.
Indonesia issues new palm oil levies rule effective this weekend
Indonesia will require monthly levies for export of crude palm oil to be set at a 7.5% rate of the reference price set periodically by the government, a regulation document published on Thursday by the finance ministry showed.
Indonesia plans to cut export duty on palm oil
Indonesia, one of the largest exporters of palm oil, plans to cut export duty on palm oil early next month to support its farmers amid drop in demand. The development will be a major relief for Indian importers particularly after the Government increased the customs duty on crude soyabean oil,
2d
Indonesia's central bank front runs Fed with surprise rate cut
Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely ...
1d
Indonesia's Tax Agency Probes Alleged Personal Data Breach
JAKARTA (Reuters) - Indonesia's tax agency is investigating an alleged data breach that exposes the taxpayer identification ...
The Art Newspaper
42m
Netherlands to return 288 items looted in colonial era to Indonesia
The Dutch government said it is returning 288 objects wrongfully taken during the colonial era to Indonesia, including ...
1d
on MSN
Indonesia's parliament passes Prabowo's maiden budget
Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at ...
2d
Indonesia’s Surprise Rate Cut May Spur Inflows, Support Rupiah
Bank Indonesia’s surprise interest-rate cut may lead to higher foreign inflows into bonds and stocks, which may end up ...
Jakarta Globe
1h
Indonesia Gets $500 Million ADB Loan for Energy Transition
The Asian Development Bank (ADB) announced Friday that it had approved a $500 million policy-based loan for the coal-reliant ...
2d
Indonesia's central bank delivers surprise rate cut
Indonesia's central bank surprised markets by delivering its first rate cut in more than three years on Wednesday, moving to ...
Opinion
The Jakarta Post
5h
Opinion
Indonesia's middle class: An economic pillar under strain
Recent years have seen a rise in prices, particularly for food and energy, which has eroded middle-class expenditures and may ...
NL Times
3h
Netherlands to return 288 museum pieces to Indonesia
The Netherlands is returning 288 cultural objects from the Dutch National Collection to Indonesia. They were wrongfully taken ...
1d
Prabowo’s First $237 Billion Budget Wins Indonesia Parliament Approval
Indonesia’s parliament approved a $237-billion state budget that will help President-elect Prabowo Subianto get his ...
4h
Manipulated video shows Indonesia VP pick with 'fluent Arabic'
After Indonesia elected its youngest ever vice president Gibran Rakabuming Raka, an edited video appearing to show him ...
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