Foot and Mouth Disease (FMD) is spreading fast in Indonesia. Within three months, the disease has affected 447,257 cattle, buffalo, goats, and pigs in 22 provinces, forcing the government to establish a Specific State of Emergency for FMD.
“Indonesia’s exposure to Chinese loans is low, not even surpassing five percent to GDP, but it does not mean the risk is low.”
“Pressures might increase on the rupiah as capital outflows continue and commodity prices ease. Bank Indonesia has stated its readiness to adjust its policy interest rate.”
PT Pertamina (Persero) plans to restrict people from purchasing three-kilogram canister liquefied petroleum gas (LPG), Pertalite, and diesel fuel by utilizing an information technology system.
The task of solving global inflation will fall to the world's major central banks. Domestically, the Indonesian government is expected to maintain subsidized-energy prices to prevent wild inflation and aggressive interest rate hikes.
Indonesian high-ranking official reveal the plan to gradually increase energy prices after postponing it for quite some time. Several existing policies in the energy sector can prevent excessive price increases.
The recent surge in global prices can heavily impact Indonesia. Budgets challenges are in the spotlight as energy and non-energy commodity prices jump.
If the war escalates with western countries applying severe sanctions and Russia retaliating against the sanctions of western countries by blocking oil and gas supply, it will trigger a global recession.
The Jakarta-Bandung high-speed rail construction project hit a dead end. The root of the problem is related to the geological aspect.
The two neighboring countries are committed to establishing wider cooperation. However, a bundling agreement on extradition, Flight Information Region (FIR) realignment, and defense cooperation have become the object of criticism in Indonesia.