Day: February 27, 2024

Palm Oil Trades Below MYR 3,850

Malaysian palm oil futures were below MYR 3,850 per tonne, reversing from modest gains in the prior session amid weakness in rival oils on the Dalian Commodity Exchange and further retreats in crude oil prices. Concerns over...

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WTI Crude Oil Bounces Back Above $77

WTI crude futures rebounded to over $77 per barrel on Monday after a 2.5% decline the previous week, due to the strengthening of physical markets in the US and disruptions in exports from an oil field in Libya. US physical crude...

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Dollar Eases to Over 3-Week Lows

The dollar index edged slightly down to around 103.8 on Monday, reacting to the soft housing data. January’s New Home Sales fell short of market expectations at 0.66M compared to the forecast of 0.68M. Current pricing...

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Central Java’s 2024 Gubernatorial Election

Central Java, the third largest province in Indonesia, will hold its gubernatorial election this year simultaneously with the other provinces on Nov. 27. The gubernatorial election in Central Java is truly interesting to watch because the tension is believed to be quite high there after a devastating defeat of Ganjar Pranowo, former Central Java governor and a presidential candidate from the ruling party PDIP, to Prabowo-Gibran in the 2024 presidential race in the province.

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Satgas BLBI Resume Work

The Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) finally appeared to start working immediately after the new Coordinating Minister for Political, Legal and Security Affairs was appointed. From last week until today, the Satgas has published six summons aimed at the existing obligors.

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