The official news: The Indonesian Palm Oil Fund has resumed disbursement of funds to biodiesel producers and launched a palm tree replanting program.
Official news: Due to the restructuring of the palm oil fund, Indonesia has temporarily frozen financial support for palm tree replanting projects.
The first high-level meeting between the Chinese Coast Guard and the Indonesian Coast Guard was held in Beijing.
Gold Ten Futures, January 8, according to foreign media reports, the Indonesian government said in a new regulation on Wednesday that in order to ensure the supply of domestic edible oil and biodiesel industries, Indonesia will restrict the export of waste edible oil (UCO) and palm oil residue. Indonesia is the world's largest producer and exporter of palm oil, and the move is aimed at helping to achieve a new requirement starting this year that 40% of the palm oil fuel is mixed with diesel, kno...
Jin Ten Futures, January 7, according to foreign media reports, the trade ministry of Indonesia, the world's largest palm oil producer, is considering revising the crude palm oil export ratio to accommodate the implementation of the B40 biodiesel blending project this year. Industry bodies generally expect that with the implementation of the B40 project, Indonesia's biodiesel demand will rise sharply, and domestic supply needs to be adjusted. Indonesia's trade minister said at a press conference...
The Indonesian Ministry of Trade announced that the reference price for crude palm oil was set at $1,059.54 per ton in January 2025, compared with $1,071.67 in December 2024.
Between January and October 2024, the Indonesian cryptocurrency market traded more than $30 billion, a 350% year-on-year increase and the highest total since the 2021 bull market. According to Chainalysis' Global Cryptocurrency Adoption Index, Indonesia and Oceania/Asia continue to be the regions with the highest cryptocurrency adoption rates globally, with seven of the top 10 countries coming from the region.
Indonesian Trade Ministry official: Indonesia set the reference price for crude palm oil in December at $1,071.67 per metric ton, compared with $961.97 previously.
On November 7, according to foreign media reports, the Indonesian government has proposed to increase the mandatory blending of palm oil-based biodiesel to 50% by 2028, Edi Wibowo, director of the bioenergy department of the Ministry of Energy and Mineral Resources, said at an industry conference on Thursday. Indonesia currently has 35% mandatory biodiesel blending and is expected to increase this to 40% next year.
On October 31 local time, Indonesian Foreign Ministry spokesperson Roy Sumirat said that Indonesia has submitted an application to join the BRICS countries and looks forward to becoming a full member of the BRICS countries. Indonesia is currently waiting for the final decision of the BRICS member countries. Sumirat said that Indonesia hopes to expand its economic partnership with its member countries and make a more active contribution to the global crisis by joining the BRICS countries.
According to data released by Indonesia's Commodity Futures Trading Regulator (Bappebti) and local cryptocurrency platforms, more than 60% of cryptocurrency investors in the country are between the ages of 18 and 30. The September report revealed that 26.9% of investors are between the ages of 18 and 24, while 35.1% are between the ages of 25 and 30. In addition to the demographics, Bappebti also reported that the total amount of crypto asset transactions reached 33.67 trillion Indonesian rupiah...
On October 22nd, the Indonesian Commodity Futures Trading Regulatory Authority (Bappebti) announced the extension of the period for cryptocurrency trading platforms to obtain a physical crypto asset dealer (PFAK) license. The decision was made under Bappebti Regulation No. 9 of 2024, which stipulates that cryptocurrency trading platforms must comply with the latest regulatory standards by the last week of November 2024. The regulation marks its third amendment to the rules of the organization of...
On October 18, Foreign Ministry spokesperson Mao Ning announced that at the invitation of the Indonesian government, Special Representative of President Xi Jinping and Vice President Han Zheng will attend the inauguration ceremony of President Prabowo in Jakarta on October 20 and visit Indonesia from October 19 to 21.
According to an official announcement, the Indonesian Criminal Investigation Agency (Bareskrim), in collaboration with Binance and Tokocrypto, successfully thwarted a major scam, identified multiple suspects, and seized $200,000 in illicit funds. During an investigation into a suspected trading scam, Bareskrim uncovered a romance scam network, discovered key wallet addresses, and arrested individuals involved in managing the stolen funds. This operation highlights the importance of Public-Privat...
Indodax, an Indonesian crypto trading platform, said on its social platform that its security team found potential signs of security on the platform. Currently, comprehensive maintenance is underway to ensure that the entire system is functioning properly. During this maintenance, the INDODAX web platform and application are temporarily inaccessible. But don't worry, it is possible to ensure that users' cryptocurrency and rupee balances remain 100% safe. Previously, it was reported that at 7:00 ...