Indonesia’s consumer price index fell for the second consecutive month in February 2015, recording deflation of 0.36 percent month-on-month (m/m) in February, while on an annual basis Indonesian inflation eased to 6.29 percent (y/y), down from 6.96 percent (y/y) in the preceding month. Inflationary pressures declined primarily on the back of lower prices of chili peppers and fuel. Easing inflation in Southeast Asia’s largest economy may provide room for Indonesia’s central bank (Bank Indonesia) to cut interest rates further this year.
17 October 2019 (closed)
USD/IDR (14,140) -32.00 -0.23%
EUR/IDR (15,731) +30.31 +0.19%
Jakarta Composite Index (6,181.01) +11.42 +0.19%
Richard van der Schaar is an academically-trained Indonesia expert with a decade-plus focus on - and experience in - the Indonesian economy and business (trade and investment). With comprehensive knowledge about Indonesia's investment climate and the 'way of doing business' in Indonesia (including the cultural aspects) as well as having a wide network to rely on, he guides and assists foreign investors in achieving their investment ambitions in Indonesia. The combination of having (1) academic expertise on Indonesian cultures, societies and histories, and (2) expertise on - and experience in - Indonesia's investment climate and business culture is a very valuable and complementary combination to achieve positive results.
Has been fascinated by Indonesian cultures and history since the very first time he stepped foot on Indonesian soil in mid-1998, just one month after Indonesia's second president, Suharto, stepped down from office at a time when the Asian Crisis ravaged through the country. He decided to do his Bachelor and Masters degrees in Southeast Asian Studies at Leiden University (the Netherlands) with a major focus on Indonesian society, history and linguistics.
After successfully finishing his MA degree he temporarily taught Indonesian languages and cultures at the Volksuniversiteit in Rotterdam (the Netherlands), while increasingly becoming aware of the economic potential of Indonesia in a world where the economic gravity point was rapidly shifting to the East. With having had a profound training in Indonesia's macroeconomic history at university, he started to delve into the contemporary economic conditions of the country and through frequent visits to Indonesia established a network within businesses and government circles. Since 2013 he has been permanently based in Jakarta.
"One of the most important aspects of doing business in Indonesia is to comprehend Indonesia's culture of business"
|Private Investment Company|
|Expertise||Investment & Business Strategies | Investment & Business Environment | Macroeconomics & Politics | Cultural Studies|
Columns of R.M.A. van der Schaar
The Indonesian rupiah strengthened on Monday (16/02) as the country’s twin current account and trade balances improved, while the US dollar weakened on disappointing US retail sales and on optimism that Greece will remain a member of the Eurozone. Meanwhile, Indonesia's Finance Ministry held a successful auction today in which it sold IDR 12 trillion (USD $942 million) of conventional bonds. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.35 percent to IDR 12,753 per US dollar based on Monday (16/02).
Indonesia’s rupiah exchange rate and stocks opened stable on Wednesday (17/12) after two days marked by severe pressures on emerging market assets. By 11:30 am local Jakarta time, Indonesia’s rupiah was down 0.09 percent to IDR 12,736 per US dollar (according to the Bloomberg Dollar Index), while Indonesian stocks were up 0.41 percent by the same time. Yesterday, the rupiah nearly touched IDR 13,000 per US dollar (its lowest level since the Asian Financial Crisis in 1997-1998), before the central bank decided to support the currency.
More and more concerns have arisen recently regarding the democratic future of Indonesia. In fact, some media have reported that an impeachment of president-elect Joko Widodo, who will assume office on 20 October 2014, could become a reality as opposition in parliament - led by controversial and vindictive former army general Prabowo Subianto - is large. The Merah-Putih coalition, referring to the coalition of political parties that supported Subianto in the presidential election (which he narrowly lost to Widodo) will control 353 of the 560 seats in parliament.
Since the Second Indonesian Youth Congress (held on 28 October 1928), the song “Indonesia Raya” (Great Indonesia) has been the most important song for the Indonesian people. The song, written by Wage Rudolph Supratman, was born at a time when Indonesia’s nationalist movement reached its peak. After a gradual 3-century long process of political and economic expansion, the Dutch colonizers had created a king-sized colony (containing roughly 17,000 islands) by 1928 that had taken the territorial boundaries of present-day Indonesia.