The latest data from the Indonesian Automotive Industry Association (Gaikindo) show Indonesia's wholesale car sales rose 37.54 percent year-on-year (y/y) to 85,131 vehicles in July 2017. However, these data are distorted because the Ramadan and Idul Fitri celebrations fell in June this year, while they fell in July last year (implying there were much less workdays in July 2016). What were the 10 most sold cars in Indonesia in July 2017?

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Over the past two years the cement oversupply in Indonesia has become increasingly excessive. Indonesia's total annual installed cement production capacity has now risen to 106.3 million tons, while domestic demand may not exceed 65 million tons in 2017. Moreover, production capacity will rise further this year as Semen Indonesia will open two new plants later this year.

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The price of coal continued to strengthen for a second consecutive day on Thursday (24/08). The coal price for January 2018 contracts (the most-active contract on the Rotterdam commodities exchange) climbed 0.45 percent to USD $78.25 per metric ton, after closing higher 0.46 percent on the preceding trading day.

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India's decision to double import duties on crude palm oil (CPO) from 7.5 percent to 15 percent earlier this month should have a big impact (India being the world's largest palm oil importer). The move is an effort to protect domestic palm oil farmers. India also raised the levy on refined, bleached and deodorized (RBD) palm olein by 10 percent to 25 percent.

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