New Indonesia central bank chief faces inflation, scandal - analysts

"Parliament in April finally approved Budiono, a highly respected economist, to take over at the helm of Bank Indonesia (BI) after rejecting the president's first two candidates for the job.But less than 24 hours later, Indonesia's corruption commission swooped on the...

Indonesian govt removes VAT on non-branded cooking oil

"he removal of VAT on non-branded cooking oil will reduce the government's revenue by some 300 billion rupiah this year. The cooking oil price has gone up over the past few years in line with the increase in crude palm oil (CPO) prices in the global market. CPO is the raw...