In a state of the union address to parliament on Friday, Indonesian President Joko Widodo spoke about the economic situation and its capability to fend off the mounting global risks.
Economy's capacity to manage global economic risks, disaster must be expanded.
Country should push further for downstream industry in resources, including nickel, coal and bauxite.
Wants to develop 100% palm-based biodiesel.
Deregulation, consistency needed to support economic strategy.
Country needs new rules to protect from cybercrime.
Amid comments from President Widodo, the Indonesian Rupiah is seen strengthening, with USD/IDR now extending the fall towards 14,200 levels. The spot is seen reversing more than half of Thursday’s rally to 14,310 levels.
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