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Bernadette Christina Munthe

Indonesia's Widodo looks set for election victory - challenger says no

Apr 17 2019

JAKARTA Indonesian President Joko Widodo appeared set for a second term as "quick count" results from Wednesday's election rolled in, but his challenger claimed that he had won the popular vote and urged supporters not to let his victory be snatched away. | Video

Indonesia, Malaysia send letter protesting EU palm oil curbs

Apr 09 2019

JAKARTA/BRUSSELS The leaders of Indonesia and Malaysia, the world's two biggest palm oil producers, sent a letter of objection to the European Union criticizing its decision to no longer consider palm oil as a green fuel and threatening the bloc's ties with the countries.

Indonesia's Feb palm output seen higher, exports weaker - survey

Mar 28 2019

By Bernadette Christina Munthe JAKARTA, March 28 Indonesia's palm oil output likely rose in February, while exports were seen lower compared to a month earlier, according to a Reuters survey. Palm oil output in top producer Indonesia were seen at 3.80 million tonnes in February from 3.60 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm. Exports from the world's largest palm producer were estimated at 2.88 million tonnes last month, compared with 3.05 million tonnes in January. Global palm oil prices have been under pressure in the past month due to sluggish demand from big buyers such as India and China, amid oversupply following a bumper harvest in Indonesia and Malaysia last year. Meanwhile, the domestic use of palm oil was estimated at 1.2 million tonnes in February, slightly higher than January's 1.18 million tonnes estimate, the survey showed. At the end of last month, palm oil stocks were estimated easing to 2.73 million tonnes, compared to 2.85 million tonnes a month earlier, according to the survey. Survey results in million tonnes: Month Output Exports Inventories GAPKI palm & kernel oils exports February 3.800 2.880 2.733 -- January 3.600 3.045 2.853 3.10 2018 December 3.900 2.900 3.434 2.95 November 3.979 3.000 3.900 2.99 October 3.985 3.029 4.346 3.14 September 4.250 3.055 4.800 2.99 August 4.006 2.827 4.638 2.99 July 3.897 2.887 4.300 2.81 June 3.452 2.477 4.335 2.29 May 3.751 2.600 3.675 2.14 April 3.650 2.650 3.550 2.22 March 3.335 2.500 3.528 2.40 February 3.490 2.480 3.530 2.37 January 3.586 2.737 3.701 2.74 (Writing by Fransiska Nangoy; Editing by Rashmi Aich)

Indonesia pushes palm companies to take legal action against the EU

Mar 25 2019

JAKARTA Indonesia's government said on Monday it will encourage the country's palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel.

Pilots searched for right checklist before Lion Air crash: investigators

Mar 21 2019

JAKARTA Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing airspeed and altitude issues.

Indonesia, Australia sign partnership in bid to boost trade, services

Mar 04 2019

JAKARTA Indonesia and Australia on Monday signed an economic partnership agreement aimed at stepping up trade and investment between them in areas ranging from cattle to education and cars to wheat.

Indonesia's January palm output seen down 7.7 pct m/m - survey

Feb 25 2019

By Bernadette Christina Munthe JAKARTA, Feb 25 Indonesia's palm oil output likely eased in January from a month earlier, in line with the vegetable oil's production cycle, while exports were expected to have picked up slightly, according to a Reuters survey. Palm oil output in top producer Indonesia declined 7.7 percent to 3.60 million tonnes from 3.90 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm. Production of the tropical oil typically falls during the first quarter of the year. Exports were estimated at 3.04 million tonnes in January, compared with 2.90 million tonnes in December. India, Indonesia's top palm buyer, cut import taxes on crude and refined palm oil from January, easing pressure on shipments. However, Indonesian palm oil is still taxed at a higher rate compared to Malaysian oil. Indonesia on Saturday offered to open up its market for India's sugar in exchange for a lower palm oil tax. Meanwhile, the domestic use of palm oil was estimated at 1.18 million tonnes in January, compared with 1.38 million tonnes a month earlier. By the end of January, palm oil stocks were estimated to have eased to 2.85 million tonnes from 3.43 million tonnes a month ago, according to the survey. Survey results in million tonnes: Month Output Exports Inventories GAPKI palm & kernel oils exports January 3.600 3.045 2.853 -- 2018 December 3.900 2.900 3.434 2.95 November 3.979 3.000 3.900 2.99 October 3.985 3.029 4.346 3.14 September 4.250 3.055 4.800 2.99 August 4.006 2.827 4.638 2.99 July 3.897 2.887 4.300 2.81 June 3.452 2.477 4.335 2.29 May 3.751 2.600 3.675 2.14 April 3.650 2.650 3.550 2.22 March 3.335 2.500 3.528 2.40 February 3.490 2.480 3.530 2.37 January 3.586 2.737 3.701 2.74 (Writing by Fransiska Nangoy; Editing by Subhranshu Sahu)

Indonesia defends palm oil after EU targets 2030 phase-out in road fuel

Feb 13 2019

JAKARTA Indonesia, the world's biggest producer of palm oil, will not accept an EU plan to curb the use of crops that cause deforestation, and argued that its higher production yield made it better placed to meet global demand, a senior Indonesian official said.

Indonesia's 2018 palm oil exports rise 8 percent: GAPKI

Feb 06 2019

JAKARTA Indonesia's 2018 exports of palm oils, including oleochemical and biodiesel shipments, rose 8 percent from a year earlier to 34.6 million tonnes, the Indonesian Palm Oil Association (GAPKI) said on Wednesday.

Indonesia banks warn of liquidity squeeze from govt bond issuance

Jan 31 2019

JAKARTA, Jan 31 Two of Indonesia's biggest banks have warned that a government strategy of frontloading bond issuance and selling more debt to retail investors is draining cash in Southeast Asia's largest economy and risks undermining efforts to boost bank lending.

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