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View all search resultsExports from Indonesia’s manufacturing and agriculture sectors have seen strong growth thanks to a considerable boost from crude palm oil (CPO) and machinery, but the mining industry has suffered a sharp annual decline.
The rupiah had strengthened to nearly Rp 15,600 by noon on Thursday, bringing positive impacts for importers and investors, while experts recommend exporters to implement strategies to dampen the negative effects of a stronger currency.
The government has again been resorting to curbing imports in a bid to manage the current account balance, but this policy has not had a significantly positive impact on either the trade balance or manufacturing growth; rather, studies show it can have the opposite effect and eventually reduce exports.
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