• Currency of Indonesia Update: Rupiah Feels Impact of Powell Speech

    Based on the Bloomberg Dollar Index the Indonesian rupiah depreciated 0.53 percent to IDR 13,751 per US dollar on Wednesday (28/02), the weakest level against the greenback in slightly over two years. The weakening of the rupiah is in line with the performance of most other currencies as the US dollar is at a three-week high after Federal Reserve Chairman Jerome Powell struck a hawkish tone in his first congressional testimony.

    Lanjut baca ›

  • Full-Year 2017 Corporate Earnings Report Astra International

    One of Indonesia's biggest diversified conglomerates (and therefore often labelled the barometer of the Indonesian economy), Astra International, posted a solid 25 percent year-on-year (y/y) growth of net profit to IDR 18.9 trillion (approx. USD $1.39 billion) in full-year 2017. Meanwhile, the company's net revenue rose 13.8 percent (y/y) to IDR 206.1 trillion (approx. USD $15.2 billion).

    Lanjut baca ›

  • Garuda Indonesia Eager to Turn Loss into Profit in 2018

    Despite posting a net loss in full-year 2017, Indonesia's national flag carrier Garuda Indonesia is optimistic that it will see net profit in 2018. Last year the airline's net loss reached USD $213.4 million, dropping dramatically from a net profit of USD $9.4 million in the preceding year. What strategy will Garuda Indonesia apply to turn the loss into a profit in 2018?

    Lanjut baca ›

  • Indonesian Government Preparing Roadmap for Electric Car Industry

    Discussions about the regulatory framework - including incentives - for the electric car industry in Indonesia are ongoing. Hence, stakeholders in the country's automotive industry are eagerly awaiting for results of government discussions and a roadmap before investing in manufacturing facilities for the launch of electric cars on the Indonesian market.

    Lanjut baca ›