• Trade Balance Indonesia: USD $1.02 Billion Deficit in August 2018

    Trade Balance Indonesia: USD $1.02 Billion Deficit in August 2018

    Based on the latest data of Indonesia’s Statistics Agency (BPS), Indonesia’s trade deficit was recorded at USD $1.02 billion in August 2018. Although improving from the USD $2.03 billion trade deficit one month earlier (which constituted Indonesia’s biggest monthly trade deficit in five years), the deficit remains robust and therefore causes persistent concerns about the country’s current account deficit and the rupiah exchange rate.

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  • Rise of the eSports Industry in Indonesia; Ultimo Hombre AXIS Pyramid League

    Rise of the eSports Industry in Indonesia; Ultimo Hombre AXIS Pyramid League

    According to game market researcher Newzoo revenues in the global electronic sports (eSports) industry will rise 38 percent year-on-year (y/y) to USD $906 million in full-year 2018, a significant increase from USD $655 million worth of revenues in the preceding year. The USD $1 billion threshold is expected to be hit in 2019. Meanwhile, by 2019 it is also estimated that 427 million people worldwide will be watching eSports. This thriving industry opens up opportunities for professional players, event organizers, investors, game developers, media institutions, sponsors, and so forth.

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  • Foreign Direct Investment Contracts in Indonesia in Q2-2018

    Foreign Direct Investment Contracts in Indonesia in Q2-2018

    Based on the latest data from Indonesia’s Investment Coordinating Board (BKPM), total direct investment (foreign direct investment + domestic direct investment) in Indonesia was rather subdued in the second quarter of 2018, rising by a modest 3.1 percent year-on-year (y/y) to IDR 173.6 trillion (approx. USD $13.1 billion, using the IDR 13,400 per US dollar exchange rate that was set in the 2018 State Budget). As a consequence, Indonesia only achieved 47.3 percent of its full-year 2018 investment realization target in the first half of 2018, thus chances are rather big that the full-year target will not be achieved. It would be the first time Southeast Asia’s largest economy misses its investment realization target in many years.

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  • Growth in Indonesia's Manufacturing Sector Picks up in August 2018

    Growth in Indonesia's Manufacturing Sector Picks up in August 2018

    Rising domestic demand caused Indonesia's August manufacturing activity to grow at the fastest pace in more than two years. As a result local manufacturing companies added new people to their staff. The headline seasonally adjusted Nikkei Indonesia Manufacturing Purchasing Managers' Index (PMI) grew to 51.9 in August 2018 (up from 50.5 in the preceding month), further above the 50.0 level that separates expansion from contraction in terms of manufacturing activity.

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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer
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