While car sales are showing a rebound in Indonesia, motorcycle sales continue to decline. Based on the latest data from the Indonesian Motorcycle Industry Association (AISI), motorcycle sales in Southeast Asia's largest economy fell 15.9 percent year-on-year (y/y) to 473,896 units in March 2017 from 563,341 units in the same month one year earlier. AISI Chairman Sigit Kumala says Indonesian consumers continue to postpone the purchase of a motorcycle amid weak consumer purchasing power.

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Indonesia reported good trade data on Monday (17/04). Indonesia's Statistics Agency (BPS) announced the nation's exports were worth USD $14.59 billion in March 2017, up 23.55 percent from the same month one year earlier (and the biggest rise since August 2011), on the back of growing oil and gas shipments. Moreover, the pace of Indonesia's export growth in March was nearly two times faster compared to growth recorded in the preceding month as well as the forecast of most analysts.

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A new large mosque - named Hasyim Asy'Ari Grand Mosque - was opened on Saturday (15/04) on Jalan Daan Mogot in West Jakarta. At the inauguration Indonesian President Joko Widodo emphasized the new mosque has to become a friendly and moderate Islamic symbol in Jakarta and Indonesia, acknowledging the diversity and pluralistic nature of the country, and strengthening the spirit of moderate and tolerant Islam. Although Indonesia has a clear Muslim-majority population, it is also home to millions of Christians, Catholics, Hindus and Buddhists.

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On 16 April 2017, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy-related topics such as the nation's automotive sector, the palm oil sector, tourism, 2017 GDP growth, the "beef cartel", monetary policy, and more.

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