About 1.80 percent of global demand for textiles and textile products is met by Indonesian textile exports according to Indonesia's Ministry of Industry. The value of the country's textile exports is estimated at USD $12.6 billion. However - and in line with Indonesia's economic expansion - the ministry targets to meet four to five percent of overseas textile demand. The ministry asked the Indonesian Textile Association (API) to prepare a roadmap together for expansion.

Lanjut baca ›

Regarding car sales in the ASEAN region, Indonesia still trails behind Thailand according to recent data from the ASEAN Automotive Federation (AAF). In the first two months of 2013, Thailand's car sales increased 51.9 percent (YoY) to 255,727 car units, while Indonesia's car sales only increased 22.7 percentage points to 199,974 vehicles. Thailand controls about 43.5 percent of the ASEAN region's sales market. Indonesia comes in on second place with 34.0 percent market share.

Lanjut baca ›

HM Sampoerna, Indonesia's largest tobacco manufacturer and the country's second-largest company based on market capitalization, will pay out dividend amounting to IDR 2,269 per share (USD $0.23) as agreed in today's shareholders' meeting (18 April 2013). The company will use its full net profit of 2012 for the dividend payout. Last year, HM Sampoerna recorded net profit of IDR 9.95 trillion (USD $1.02 billion), a 23.3 percent increase compared to 2011.

Lanjut baca ›

The International Monetary Fund (IMF) has upgraded its forecast for this year's economic growth in the ASEAN-5 countries (which comprises Indonesia, the Philippines, Malaysia, Thailand and Vietnam) from an initial 5.5 percent to 6.0 percent. Next year, however, the IMF revised down its forecast for the region from 5.7 percent to 5.5 percent. In 2012, ASEAN-5 had experienced 6.1 percent of economic growth, up from 4.5 percent the previous year.

Lanjut baca ›