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View all search resultsThe national policy on export proceeds (DHE) from natural resources has been revised for a third time after repeated attempts failed to significantly bolster foreign exchange (forex) reserves or deepen onshore foreign currency liquidity. The latest revision relaxes the mandatory rupiah conversion requirement from 100 percent to 50 percent and requires the placement of DHE in Association of State-Owned Banks (Himbara) members. While this is intended to ease pressure on exporters, it raises questions about whether locking DHE onshore can be effective in the long run without undermining export competitiveness.
A comprehensive strategy that addresses the long-standing legacy of mutual distrust as well as deeply rooted cultural factors, including traditional warfare, is needed to effectively resolve the unending conflict in Papua.
News media outlets and civil society organizations known to be critical of the government of Prabowo Subianto are coming under attack, mostly online, with accusations that they work for foreign interests. American billionaire, investor and philanthropist George Soros has been singled out as the main culprit behind them.
Indonesian officials may openly dismiss the impact of the likely huge cuts in aid coming from the United States as minimal, but privately they know they will still affect many programs in health promotion, poverty alleviation and climate justice and a few other sectors that are crucial to the country’s 2030 Sustainable Development Goals (SDG) agenda.
Yoon has apologised for the botched attempt and said he was leaving his political and legal fate to his ruling People Power Party (PPP) but has not resigned. He has become a subject of criminal investigation, according to local media reports.
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