The palm oil market has seen substantial expansion and is anticipated to continue growing at a stable growth rate during forecasted period. The source of palm oil is a tropical tree that, once established, produces fruit for more than 30 years, providing much-needed employment for rural communities in developing countries like Malaysia and Indonesia. Because palm trees generate more oil per hectare than any other large oil seed crop, the oil is enormously profitable. Demand for palm oil has grown as a result of its low to no trans-fat content and low cost.

Tourism is an important contributor to Indonesia's economy, with the sector providing employment to some 11mn people as of end-2021, equivalent to 8.3% of the country’s total workforce. The COVID-19 pandemic, however, hit the sector hard and, as a result, its contribution to Indonesia’s economy fell sharply. The total contribution of travel and tourism to Indonesia’s GDP fell from 5.9% in 2019 to 3.2% in 2020 and further to 2.4% in 2021, according to estimates by the World Travel and Tourism Council (WTTC). Data from the UNWTO showed that international tourist arrivals in the first nine months of 2022 were still 80% below pre-pandemic levels. However, with the relaxation of travel restrictions in mid-2022, Indonesia hopes to lure back tourists.

Board games are tabletop games that typically involve players moving pieces around a board to achieve a specific objective or goal. These games often incorporate elements of strategy, luck, and social interaction, and can be enjoyed by players of all ages. Some popular examples of board games include Chess, Monopoly, Scrabble, and Settlers of Catan. These games have been played for centuries and continue to be a popular form of entertainment and social activity today. These games are known to enhance science, technology, engineering, and math (STEM) skills and act as a tool to provide knowledge and learning experiences to people of every age. These games require active participation from individual players and are quite engrossing. Also, board games can reduce stress, strengthen relationships, and offer entertainment.

4月债市利率债曲线总体下行，市场对经济数据反应钝化。流动性预期持续改 善，信贷增速放缓、通胀和就业数据的弱势进一步释放多头情绪，利率曲线明显下行， 10Y国债再破2.80%位置。从持仓结构看，商业银行增持速度减缓，广义基金大幅增持 本轮利率中枢下行从4月中旬开始，从2.83%下行至5月中旬的2.70%左右，主要驱 动力仍是基本面因素。4月社融及信贷不及预期，利率中枢从4月中下旬开始已逐步走 低，实际影响货币市场和债券市场偏中期乃至长期的因素仍是存款/贷款利率的调降。存 款利息调降表明在利润层面的压力，NIM与规模的替代关系此消彼长，信贷规模的增长 难以弥补净息差持续下降给与银行经营层面带来的压力。