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INDONESIA: Country Wrap: Palm Oil Production Needs to Expand. 

INDONESIA
  • The Indonesian Palm Oil Association (GAPKI) says that Indonesia needs to have extended oil palm plantations to meet the needs of the mandatory program of mixing fuel oil (BBM) and biofuel (BBN) by 50 percent.      Extensification of oil palm plantations is the expansion of agricultural areas into previously unused areas to increase production from the resulting products. (source: Indonesian Business Post)
  • The United Arab Emirates’ (UAE) potential investment in Indonesia’s housing sector will be in the form of business-to-business (B2B) cooperation between Indonesian and UAE entrepreneurs, said the Ministry of Housing and Residential Areas.  In an effort to support collaboration between the two countries in B2B, the Indonesian government directed state-owned companies to prepare passive land that can be used as the location of the investment project. (source: Indonesian Business Post)
  • The Jakarta Composite’s poor run continues down -1.6% today following a weekly decline of over 5% last week.
  • IDR: As tariff headlines emanate from the US, the rupiah is under pressure weaker by -0.404 to 16,349
  • Bonds: short end yields moved higher today by 4bps with the 3YR the worst performer rising to 6.691%.  The 10YR relatively unchanged at 6.872%
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  • The Indonesian Palm Oil Association (GAPKI) says that Indonesia needs to have extended oil palm plantations to meet the needs of the mandatory program of mixing fuel oil (BBM) and biofuel (BBN) by 50 percent.      Extensification of oil palm plantations is the expansion of agricultural areas into previously unused areas to increase production from the resulting products. (source: Indonesian Business Post)
  • The United Arab Emirates’ (UAE) potential investment in Indonesia’s housing sector will be in the form of business-to-business (B2B) cooperation between Indonesian and UAE entrepreneurs, said the Ministry of Housing and Residential Areas.  In an effort to support collaboration between the two countries in B2B, the Indonesian government directed state-owned companies to prepare passive land that can be used as the location of the investment project. (source: Indonesian Business Post)
  • The Jakarta Composite’s poor run continues down -1.6% today following a weekly decline of over 5% last week.
  • IDR: As tariff headlines emanate from the US, the rupiah is under pressure weaker by -0.404 to 16,349
  • Bonds: short end yields moved higher today by 4bps with the 3YR the worst performer rising to 6.691%.  The 10YR relatively unchanged at 6.872%