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    • Bank Indonesia to pull rates lever in Q3, June move possible: Reuters Poll

      • BY Reuters|
      • Asia-Pacific , Indonesia , North America , United States |
      • 11:47 PM ET 05/19/2022

      Bank Indonesia will wait a few more months to raise rates from a record low despite rising inflation and aggressive moves by the U.S. Federal Reserve, according to a Reuters poll of economists that showed a growing minority expect a hike next month.

    • Indonesia to lift palm oil export ban from Monday -president

      • BY Reuters|
      • Asia-Pacific , Indonesia |
      • 06:21 AM ET 05/19/2022

      Indonesia will lift its palm oil export ban from Monday, May 23, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.

    • Factbox-Surging food prices fuel protests across developing world

      • BY Reuters|
      • Asia-Pacific , Indonesia |
      • 12:01 PM ET 05/18/2022

      - The war in Ukraine and drought fuelled by climate change has sent global prices for grains, cooking oils, fuel and fertilizer soaring. Rising prices for basic food staples is fuelling protests from Indonesia to Iran. European wheat prices have jumped 74% and benchmark palm oil futures went up 24% since January.

    • Indonesia hopes new programme will help lower cooking oil prices

      • BY Reuters|
      • Asia-Pacific , Indonesia |
      • 07:03 AM ET 05/18/2022

      Indonesia's trade minister on Wednesday said he expected prices of cooking oil would stabilise after a programme to distribute subsidised supplies reaches 10,000 locations across the country. The trade ministry and state food company ID Food on Tuesday launched a scheme that allows low-income households to buy up to two litres of cooking oil a day at 14,000 rupiah per litre.

    • Earthquake of magnitude 6.1 strikes Sumatra, Indonesia - EMSC

      • BY Reuters|
      • Asia-Pacific , Indonesia |
      • 03:17 PM ET 05/16/2022

      - Earthquake of magnitude 6.1 struck southwest of Sumatra in Indonesia in wee hours of Tuesday, European-Mediterranean Seismological Centre said, The quake was at a depth of 40 km, EMSC said.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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