Indonesia seeks to conclude trade negotiation with EU next year to bolster recovery

Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic, but policies on palm oil remain a major sticking point. The Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA), Indonesia’s largest bilateral trade negotiation to date, was expected to boost trade, investment and…

Astra Agro Lestari pays $6.76m in dividends despite declining revenue

Publicly listed palm oil company PT Astra Agro Lestari announced Wednesday that it would spend 45 percent of last year’s profit, around Rp 94.95 billion (US$6.76 million) in dividends, rewarding its shareholders despite declining productivity. The company, which is a subsidiary of diversified conglomerate PT Astra International, will pay a lower dividend per share of…