Getting the Heat From Domestic Coal
Less than one week since the DMO for coal was introduced, the government had a change of heart. The choice was between securing foreign exchange reserves and saving PLN’s finances.
THE limited cabinet meeting at the Bogor Palace, West Java, last Tuesday afternoon, with 17 state officials invited, was initially meant to discuss efforts to boost exports. President Joko Widodo had been leading intensive discussions on the topic over the past couple of weeks, as a response to Indonesia’s swelling trade deficit.
At the end of June, the Central Statistics Agency (BPS) released its finding of US$1.52 billion in trade defici...