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View all search resultsThe Industrial Confidence Index (IKI), a monthly gauge of factory activity published by on Wednesday, came in at 51.75 last month, easing from March’s 51.86 but still above the 50 threshold that separates expansion from contraction.
The government has been scrambling since earlier this month to secure supplies of naphtha, a raw material used to produce plastic, from alternative sources such as African countries, India and the United States.
The government has issued a loosely-worded statement days ahead of the expected signing of a tariff agreement with the United States, following a weekend meeting at President Prabowo Subianto’s Hambalang estate in Bogor, West Java.
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