The Boons of War against the Threat of Interest Hike
The Russia-Ukraine war raises the prices of Indonesia’s export commodities. Financial markets are still under threat.
Yopie Hidayat
March 7, 2022
CERTAINLY, a war brings tragedy and catastrophe to humanity. On the other hand, a war also brings extraordinary wealth to some parties. Indonesian commodity tycoons are those lucky ones. Soaring commodity prices, triggered by Russia’s invasion of Ukraine, have made billions of dollar windfall profit for them.
Look at the Newcastle coal price, an important benchmark for consumers in Asia. It soared 46 percent in just one day, to
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