There’s a possibility that the outgoing President Jokowi carries out a limited cabinet reshuffle if Pramono Anung and Tri Rismaharini, the two ministers from PDIP, tender their resignation. Pramono is now running as a governor candidate in Jakarta, while Risma is running as a governor candidate in East Java.
Read MorePresident elect Prabowo Subianto said few months ago that he would implement mandatory B100 (biodiesel 100%) to significantly reduce import of petroleum diesel. Four years ago, state electricity utility PLN reminded the government that B100 could lead to bigger emissions, twice of diesel instead.
Read MoreCrude palm oil (CPO) has retreated from its peak this year (RM4500/ton) to trade below RM4,000 this week on plans from India, one of the largest importers of vegetable oil, to introduce higher import tariffs. In the past two years, the commodity has relatively been stagnant around RM4,000.
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