Indonesia opens the course to revise the formula for the Domestic Market Obligation (DMO) of crude palm oil (CPO) from being export-based to production-based.
Trade Ministry has postponed some restriction rules outlined in the new import regulation and is planning further revisions. Customs has criticized the lack of adequate socialization.
To curb consumption, the Indonesian government is revising the subsidized fuel distribution regulation, specifically for Pertalite and Solar. Five industries are planned to be exempted from these restrictions so far.
The Indonesian Government is preparing an amendment to the mineral and coal mining regulation, purportedly to fulfill political promises of distributing mining concessions to constituents.
Undoubtedly, the state budget will be a testbed to reveal how Jokowi and Prabowo manage conflicts and resolve differences in matters of funds needed for their respective priority programs.
The success of the food barn project will serve as a litmus test for Prabowo's leadership, especially given his repeated promise of food self-sufficiency in three presidential campaigns.