• Q1-2017 GDP Growth Indonesia Expected to Remain Below 5%

    Economic Growth Indonesia in Q1-2017 Expected to Remain Below 5%

    Despite the improving export performance (supported by improving commodity prices), it may be difficult for Indonesia to deliver +5 percent year-on-year (y/y) gross domestic product (GDP) growth in the first quarter of 2017. Main reason is subdued consumer purchasing power due to higher electricity tariffs in Southeast Asia's largest economy. Therefore, economic growth of Indonesia is expected to be rather similar to the 4.92 percent (y/y) growth pace recorded in Q1-2016.

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  • Motorcycle Industry Indonesia Yet to See Rebound in Sales, Why?

    Motorcycle Industry Indonesia Yet to See Rebound in Sales, Why?

    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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  • Trade Data Indonesia: Exports, Imports Rise Sharply in March 2017

    Trade Data Indonesia: Exports, Imports Rise Sharply in March 2017

    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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  • Islam in Indonesia: Hasyim Asy'Ari Grand Mosque Opened in Jakarta

    Islam in Indonesia: Hasyim Asy'Ari Grand Mosque Opened in West Jakarta

    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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