The International Finance Corporation (IFC), the private arm of the World Bank, has decided to suspend funding in the palm oil sector, affecting the world's top producer, Wilmar International, pending a review of internal procedures on environmental and social standards.

State power firm PT Perusahaan Listrik Negara (PT PLN) plans to put average electricity rates up by 20 percent next year after the House of Representatives rejected PLN’s proposed levels for margins and subsidies.