Indonesia President Joko Widodo will be holding the G20 summit at ‘most difficult time’, when one of its members, Russia, is engaged in war & nations threaten to boycott the event.
Learning from the 1997 Asian financial crisis, central banks have been accumulating dollars to help defend their currencies during periods of wild market swings.
In the mid of climate crisis, Covid, the ban sent shock waves across India, Pakistan and Bangladesh. Now international markets can look forward to better times.
Indonesia consumes just over a third of its palm oil production domestically but has banned exports to meet its needs, launching one of the most dramatic examples of food protectionism.
The ban by Indonesia, which accounts for a third of global edible oil exports, adds to a raft of crop protectionism around the world since the war erupted in Ukraine.
Rising wholesale prices are signs that traders are estimating a lower crop size for wheat and buoyant exports. It can worsen with Indonesia's ban on palm oil.
Few were as bold in the first two years of pandemic as Indonesia, which used the central bank to directly finance an expansion in govt spending. But times have changed.
Serum Institute of India, world's largest vaccine manufacturer, will market the nanoparticle protein-based vaccine in Indonesia under the brand name Covovax.
What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.