The Indonesian government cannot inform yet about the exact impact of the recently introduced ‘Listed Exporter’ status (Indonesian: Eksportir Terdaftar, ET) on Indonesian coal exports. In the first three quarters of 2014, Indonesia exported a total of 234.8 million tons of coal. The government targets to produce between 390 and 420 million tons of coal this year (of which 90 million tons are required to be absorbed by the domestic market). However, newly introduced rules in the coal industry have led to confusion and may limit coal exports.

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Recently, the Indonesian government decided to raise the airfare price ceiling by ten percent in an effort to support local airlines. This measure is required as Indonesian airlines face financial difficulties due to the depreciating rupiah exchange rate and higher global fuel (avtur) price. However, airlines have become worried as the government also decided to remove its fuel surcharge policy (that was implemented in February 2014). This fuel surcharge also aimed at supporting local airlines amid rising fuel costs.

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On 12 October 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic topics such an outlook for GDP growth, the benchmark interest rate, the equity market, car sales, the coffee industry, the Giant Sea Wall Jakarta, and more.

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Indonesian Trade Deputy Minister Bayu Krisnamurthi announced that Indonesian furniture, rubber and garment businesses have secured trade contracts worth USD $11.3 million with their counterparts in the USA and Canada. Most of these contracts (roughly USD 10.3 million) were sealed by US importers. Krisnamurthi stated that these deals show that international businesses have trust in Indonesian products. Moreover, the deals will have a positive impact on Indonesia’s troubled trade balance.

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