• XL Axiata May Sell Part of Stake in E-Commerce Platform Elevenia

    One of Indonesia's leading cellular services providers, XL Axiata, may sell part of its stake in online marketplace Elevenia to collect new funds for expansion of this e-commerce platform. However, there is also another option. XL Axiata could also decide to use funds from its internal cash reserves. Dian Siswarini, President Director of XL Axiata, said a decision will be taken within the next two months.

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  • Market Update Asia: What Is Affecting Stocks & Currencies?

    The main question today is how markets in Asia will respond to the terror attacks in London and the weaker-than expected US jobs report, both occurring at the end of last week when Asian markets had already closed. Interestingly enough, the bleak US employment data did little to dent investor sentiment in the USA at the end of last week. The three key indexes on Wall Street all rose on Friday, moving closely to record highs.

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  • Indonesia Investments' Newsletter of 4 June 2017 Released

    On 4 June 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 matters such as crude palm oil, the retail sector, Samurai bonds, inflation, manufacturing activity, cement, the banking sector, and more.

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  • Automotive Sector Indonesia: Sales of Commercial Buses Rise

    Sales of buses (those used for commercial purposes) are growing sharply in Indonesia so far in 2017 and this gives a positive signal to factories. In fact, growth of bus sales, by far, outpaces growth of the whole automotive sector in the first couple of months of 2017. While total sales in Indonesia's automotive sector grew by a modest 5.72 percent year-on-year (y/y) to 282,596 units in the January-March 2017 period, sales of buses grew 30.43 percent (y/y) to 840 in the first four months of 2017.

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