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The Indonesian government has reversed its decision to immediately impose its raw nickel ore export ban from earlier this week and said the ban would go into effect on Jan. 1, 2020, as initially intended, Bloomberg reported Oct. 29.
Southeast Asian countries stand to gain -- or lose -- the most from Beijing and Washington's escalating trade tensions. Some have benefited more than others, but all are at risk of taking an economic hit.
Papua New Guinea's new prime minister has pledged to win more benefits for the debt-ridden Pacific country. But doing so could come at the cost of vital foreign revenue streams -- and his political career.
Indonesian President Joko "Jokowi" Widodo has called on the Energy and Mineral Resources Ministry to examine the possibility of accelerating a planned 2022 decision to close a loophole in the ban of unprocessed nickel ore exports, Bloomberg reported Aug. 9.
The Arctic's shifting climate has the potential to unlock a host of untapped energy and mineral reserves for Moscow -- and with it, new revenue streams and security risks borne of China's encroaching presence in the region.
Currently a French overseas territory in the Pacific, the small archipelago is divided between those who want to retain military and financial support from France and those who want the islands to exercise more control over traditions and natural resources like nickel.