Indonesia Imposes New Regulations for Export Earnings Retention

In a significant policy shift aimed at bolstering its economy, Indonesia has enacted a new regulation that mandates exporters to retain a higher percentage of their earnings within the country. This move is part of the government’s broader strategy to enhance foreign exchange reserves and stabilize the national economy amid fluctuating global conditions.

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South Korea's President Vows to Mitigate Impact of Trump-era Tariffs

In response to the significant economic challenges posed by the tariffs implemented during the Trump administration, South Korean President Yoon Suk-yeol has announced a series of measures aimed at softening the blow on affected industries. These tariffs, primarily targeting steel and aluminum imports, have had a profound effect on South Korean exporters, compelling the government to take immediate action to protect its manufacturers and workers.

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