• Indonesia's Palm Oil Sector not Happy with New Plantation Size Limit

    Business players within Indonesia's palm oil sector have expressed concern about a recently introduced law that stipulates limits to plantations sizes, including oil palm plantations. The government of Indonesia issued law Permentan No 98/Permentan/OT.140/9/2013 that sets maximum boundaries to the surface area of eleven commodities. The palm oil industry of Indonesia now argues that targets mentioned in the country's palm oil roadmap cannot be met. For example, the production target of 40 million tons of palm oil by 2020 is in jeopardy.

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  • Aneka Tambang (Antam): Indonesian Leading Mining and Metals Company

    The company profile of state-controlled Aneka Tambang (Antam) has been updated in the Indonesian companies' section. Antam is a vertically integrated, export-oriented, diversified mining and metals company in Indonesia. With operations spread throughout the mineral-rich archipelago, Antam undertakes all activities from exploration, exploitation, processing, refining to the marketing of its nickel ore, ferronickel, gold, silver, bauxite, coal and precious metals refining services.

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  • New Economic Policy Package Will Be Released at the End of October

    The government of Indonesia will release a second economic policy package at the end of October. This new package, which aims to provide attractive tax incentives to investors, is in addition to the package that was released in August 2013 when sharp rupiah depreciation and a rapidly falling stock index occurred as panic emerged after the Federal Reserve hinted at an end to its quantitative easing program. In combination with a widening current account deficit and high inflation, it resulted in large capital outflows from Indonesia.

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  • ADB Report: Energy Outlook for Asia and the Pacific (October 2013)

    The Asian Development Bank (ADB) has released the latest edition of its report, titled Energy Outlook for Asia and the Pacific 2013, this week. The report aims to identify policy, social, infrastructure, and technology issues that should be addressed to meet the future energy needs of members of the ADB in Asia and the Pacific. Key findings in the case of Indonesia include that the country's primary energy demand is projected to reach 445.4 Mtoe in 2035, up from 207.8 Mtoe in 2010 and that it may become a net importer of natural gas.

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