Business News
Indonesia Imposes Higher Export Levies amid Year-End Rally in Global CPO Prices
Indonesia, the world’s top palm oil producer, is to impose higher export levies on crude palm oil (CPO) starting Thursday as the price of the commodity rallies ahead of the year-end. The policy also aims to support the government’s mandatory biodiesel program. The recently issued Finance Ministerial Regulation No. 191/2020…
Indonesia Exports Fishery Products to Cow Beds
Minister of Trade Agus Suparmanto released exports simultaneously in 16 provinces, which were centered in Lamongan. Various export products released include fishery products, SME products to cow beds. Agus said, hundreds of cow beds were exported to Japan. This is a product of CV Yukari Karya Abadi, Lumajang. PT Bumi…
E-commerce Firms Bank on ‘Double Day’ Shopping Campaign as Consumers Go Online
Indonesia’s e-commerce platforms are banking on the sales growth during the so-called “Double Day” online shopping campaign throughout the fourth quarter of the year, as the COVID-19 outbreak accelerates the online shopping trend among consumers. During this year’s “Double Day” held on Oct. 10 (10.10) and Single’s Day on Nov.…
World Bank Helps Indonesia Reduce Carbon Emissions
The World Bank and Indonesia’ environment and forestry ministry have signed a landmark agreement on Forest Carbon Partnership Facility (FCPF) worth 110 million USD. The move aims to support the Southeast Asian country’s efforts to lower carbon emissions due to deforestation and forest degradation between now and 2025. The FCPF…
