Indonesia’s exports see unexpected gain as Chinese, Indian demand picks up

Indonesia’s trade balance experienced an unanticipated bump in October as demand from the country’s largest Asian trading partners increased and imports of capital goods fell. The trade surplus rose to USD5.67 billion in October, according to Statistics Indonesia (BPS), reversing a drop in the previous month that brought the balance to USD4.99 billion. The export…

Uji Jalan Tuntas, Siap-Siap RI Segera Luncurkan Biodiesel B40

Jakarta, CNBC Indonesia – Pemerintah dalam hal ini Kementerian Energi dan Sumber Daya Mineral (ESDM) telah melakukan uji jalan (road test) penggunaan Bahan Bakar Nabati (BBN) jenis biodiesel dengan campuran 40% atau disebut B40 pada kendaraan bermesin diesel. Hasilnya, pemerintah akan segera mengeluarkan rekomendasi teknis kebijakan agar B40 bisa segera diimplementasikan. Menteri ESDM Arifin Tasrif mengatakan,…

CPO seen at RM3,400 to RM4,000

Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downward bias this week, given the country’s large stockpile, says palm oil trader David Ng. He forecast CPO prices would trade between RM3,400 and RM4,000 per tonne. A Malaysian Palm Oil Board report on Tuesday revealed that CPO stocks…

Palm oil rises over 2pc

Palm oil futures advanced on Monday as investors focused on stronger early September exports, a weaker Ringgit and rising crude prices, with a jump in stocks capping gains. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 88 ringgit, or 2.45%, to 3,682 ringgit ($817.77) a tonne, its biggest daily rise…

Indonesian, Japanese economic ministers discuss trade cooperation

Jakarta (ANTARA) – Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto received Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi and they discussed trade and investment cooperation, Indo-Pacific Economic Framework (IPEF), and G20 Summit. Through the Indonesia-Japan Economic Partnership Agreement (IJ-EPA), the two countries have made many achievements in their cooperation and renewed cooperation…

Palm Extends Gains

Malaysia’s benchmark palm oil futures extended gains to a second session on Monday, helped by stronger vegetable oils, a weaker ringgit, and supportive export data. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange rose 1.71% to 4,218 ringgit ($941.52) a tonne by the end of the afternoon session. It gained…