The country is also mulling fuel-saving measures including one day of remote working per week for government and certain public sector workers.

Indonesian President Prabowo Subianto also said that his country would withdraw from the board if it proves counterproductive and may do so without consulting other Muslim-majority member countries.   

After confirmation that the high-stakes Xi-Trump summit will be delayed, analysts find a complex story beneath the official surface.

Japan's Nikkei fell more than 3 per cent while South Korea's Kospi slid more than 6 per cent on Monday (Mar 23).