• Indonesia Stock Market Update: Outperforming the World

    Indonesia Stock Market Update: Outperforming the World

    While global stocks have been moving in and out bearish territory amid severe volatility caused by China's economic slowdown and low oil prices, Indonesia's benchmark Jakarta Composite Index is one of the few stock indices that has risen so far in 2016 (2.64 percent since the start of the year). Foreign and domestic investors seem to regained confidence in Indonesian assets due to Indonesia's better-than-expected GDP growth in Q4-2015 and the knowledge that the Jakarta Composite Index already experienced a sharp correction last year, falling below its fundamental value.

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  • Indonesia's Current Account Deficit Data Released - Quick Walkthrough

    Indonesia's Current Account Deficit Data Released

    The central bank of Indonesia (Bank Indonesia) announced on Friday (12/02) that Indonesia's current account deficit widened to 2.39 percent of the country's gross domestic product (GDP), or USD $5.1 billion, in the fourth quarter of 2015 from a deficit of 1.94 percent of GDP (USD $4.2 billion) in the preceding quarter. This increase was due to a decline in the non-oil & gas trade balance surplus as non-oil & gas imports grew 7.5 percent (q/q) amid higher domestic demand amid accelerating economic growth in the last quarter of 2015.

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  • Remarkable News Indonesia: Government Bans Gay Emoticons

    Remarkable News Indonesia: Government Bans Gay Emoticons

    Indonesia is in the news today after it was reported that the government ordered all instant messaging providers - for example Line, Twitter and WhatsApp - to remove gay emoticons (such as same-sex couples holding hands or making kiss gestures at each other). Through this removal the government tries to safeguard the local culture and (religious-inspired) ethics hence protecting the nation's children from an example of bad western behavior.

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  • Air France and Kuwait Airways Scrap Flights to Indonesia

    Air France and Kuwait Airways Scrap Flights to Indonesia

    Two international airlines will (temporarily) scrap flights to the Soekarno-Hatta International Airport, located just outside Indonesia's capital city of Jakarta. French flag carrier Air France and Kuwait's national airline Kuwait Airways announced to stop flying to Indonesia's busiest airport starting from 28 March 2016. Reasons behind this decision are sluggish demand for flights to Jakarta, fleet rotation, and Garuda Indonesia's joining of the SkyTeam in March 2014.

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