Day: September 5, 2022

Green Industrial Estate

President Joko “Jokowi” Widodo is optimistic that Indonesia can optimize clean energy sources, one of which is through the development of Green Industrial Estate. Jokowi stated that Tanah Kuning-Mangkupadi in North Kalimantan province will become the biggest green industrial estate in the world, where electricity can be massively sourced from hydro power plants as well as solar panels.

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Palm Oil Hits 4-week Low

Palm oil futures fell below the MYR 3,900 on Friday, the lowest in four weeks on expectations of strong supplies and ending stocks. The output in Malaysia, the world’s second-largest producer, is expected to rise sharply as the...

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World Food Prices at 7-Month Low

The FAO Food Price Index declined for a fifth consecutive month to 138 in August of 2022, reaching the lowest level in seven months, due to a broad-based fall in food cost. Cereal prices went down 1.4%, led by a 5.1% drop in...

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Oil Rises Ahead of OPEC+ Meeting

WTI crude futures rose above $88 per barrel on Monday as traders mulled the supply outlook ahead of an OPEC+ meeting, while weighing the impact of the latest fallout from Europe’s worsening energy crisis. Analysts are expecting...

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Prabowo-Puan Meeting

Puan Maharani, the daughter of PDIP Chairperson and the fifth President Megawati Soekarnoputri, continues her political safari. Over the weekend, Puan met with Prabowo Subianto, the chairman of Gerindra Party, at the latter’s...

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