CPO exports expected to decline in 2016
Indonesia’s exports of crude palm oil (CPO) are expected to decline by 10 percent in 2016 from this year target up to 25 million tonnes. Head of the country’s palm agency Bayu Krisnamurthi, said exports are expected to decline as a result of Indonesia’s policy to increase the biodiesel production. He added, CPO prices are expected to be around $550-$600 per tonne in the first quarter of 2016.
Rudiantara: additional auction of 3G frequencies could delay
The Indonesian Minister of Communications and Information Technology Rudiantara has suggested that the proposed auctioning of additional 3G frequencies could now be delayed from Q4 2015 until next year, IndoTelko reports. If it is delayed, the postponement could have an adverse impact on the ministry’s non-tax revenues for the current financial year. The ministry has set a target to generate income of Rp14 trillion ($1.02 billion ) in fiscal year 2015, a size-able portion of which was to have come from the release of two blocks of 2100MHz 3G frequency (blocks 11 and 12).