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View all search resultsThe President has targeted the provinces of Jambi and North Sumatra for accelerated road repairs in a bid to keep inflation stable while pointing to local administrations to take responsibility for the condition of their roads.
The government is making preparations to counter the human and economic costs of this year’s El Niño weather phenomenon, which will likely bring more extensive dry spells to the country and affect the prices and availability of key commodities.
Indonesia coal tycoon Low Tuck Kwong has emerged as the country’s richest individual, coinciding with a boom in his business amid the surge of commodity prices, partly due to geopolitical conflict, energy crisis and supply disruption in many parts of the globe.
Indonesia’s shipments of crude palm oil (CPO) and its derivative products have begun to soar again following the halting of an export ban in May, yet the problem of excessive domestic stockpiles, which has led to a drop in CPO prices, still cannot be solved.
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