The Southeast Asian country has unrolled a string of policies aimed at reviving exports after a three-week ban on shipments that ended in late May swelled domestic inventories of the edible oil.
Two years of coronavirus, a lower quota of pilgrims from Indonesia and an age limit of 65 have ruled out Haj for many Indonesians, leaving them disappointed
At an Islamic boarding school in a sleepy neighbourhood on the outskirts of the Indonesian city Yogyakarta, the sound of Koranic recitation is nowhere to be heard. This is a religious school for deaf children, and here the students gesture rapidly with their hands, learning to recite the Koran in Arabic sign language.
Foreign ministers of China and Russia are also likely to attend the meeting that is set to discuss pressing global challenges, including the food and energy security arising out of the Ukraine crisis.
An Indonesian woman is claiming that she fell for a marriage scam after discovering her husband of 10 months is actually a female con artist.
The plant is expected to produce batteries for electric vehicles with a capacity of 3.5 million units and 200 gigawatts annually and generate employment for 20,000 people
The regulation was signed on June 7 and is effective immediately. The scheme applies until July 31.
A viral video circulating on social media has captured the moment an orangutan attacked a man through the bars of its cage
The massive win not only secured India’s passage into the knockout stage of the tournament but also shut the door on Pakistan.
The Southeast Asian country, the world's biggest palm oil producer, halted exports of palm oil from April 28 in an attempt to bring down soaring local prices of cooking oil, rattling global edible oil markets already struggling with sunflower oil supply shortages due to the war in Ukraine.
Investors need to watch category development and increasing penetration as they will lead to higher volume and revenue growth
Indonesia’s ban, which was imposed since April 28, was one of the biggest acts of crop protectionism since Russia’s invasion of Ukraine, which stymied exports of sunflower oil and worsened a global shortage.
Indonesia, the world's top palm oil producer, has since April 28 halted exports of crude palm oil (CPO) and some derivative products in a bid to tame soaring prices of domestic cooking oil.
Interestingly, one of the reactions to the tweet was by a user CS Thomas. "I see what you did to my name!" he tweeted referring to "Thomaska Cup".
Elon Musk is hunting for new Asian production hubs for his EVs. Indonesia looks like the clear winner, while India appears to have missed the boat.
The incident took place last week in Indonesia's Surabaya city. Sixteen children were injured in the incident.
Last week Indonesia, the world's largest palm oil producer, banned shipments of crude palm oil (CPO), adding to the previous sanctions on refined oil, to soften the prices in its domestic market.
Russia’s invasion of Ukraine has unleashed a new wave of protectionism as governments, desperate to secure food and other commodities for their citizens amid shortages and rising prices, erect new barriers to stop exports at their borders.
The prices of palm, soybean, European rapeseed and even its Canadian GMO counterpart, canola oil, have reached historic highs following Indonesia's announcement on Wednesday
"I have invited President Zelenskyy to attend the G20 summit," President Joko Widodo said on television, suggesting a compromise had been reached following Western pressure to bar Russia from the event in response to its invasion of Ukraine.
The disruption in shipments after Indonesia widened its export ban to include crude and refined palm oil will create a vegetable oil shortage in top importer India, the officials said. Second-biggest exporter Malaysia is already struggling to meet higher demand levels and is asking for near record prices for prompt shipments, officials said.
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The ban will be expanded to crude palm oil, RBD palm oil and used cooking oil, Coordinating Minister for Economic Affairs Airlangga Hartarto said at a briefing Wednesday.
President Joko Widodo said in a separate statement that people's need for affordable food trumped revenue concerns for now.
Despite assurances from Indonesia and Malaysia, Indian importers remain wary of the shortage of palm oil in the two Southeast Asian nations. As a result, they are buying up palm oil before an Indonesian export ban begins on April 28 and Malaysian stocks dwindle further.