• Consumer Confidence Indonesia Up, Among Highest Worldwide

    Indonesia improved in the consumer confidence index that is compiled and released by market research agency Nielsen. With 122 points Indonesia was the third-most confident nation in the world (after India and the Philippines) in the 3rd quarter of 2016. Compared to one year ago, Indonesia's score improved six points. Indonesia's consumer confidence has improved each quarter so far in 2016 amid accelerating economic growth, controlled inflation at around 3 percent (y/y), and a stable - or actually stronger - rupiah exchange rate.

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  • Apple to Develop 2nd-Largest Research & Development Facility in Indonesia

    Indonesian Communication & Information Minister Rudiantara informed on Wednesday (02/11) that American multinational technology company Apple Inc. - famous for designing, developing, and selling consumer electronics, computer software, and online services - will start building its second-biggest research and development facility in Indonesia somewhere in 2017. Although Apple has not commented on the news, Rudiantara confirmed that he had met several representatives from both Apple's Asia Pacific office and the US headquarters.

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  • Terror Alert Indonesia: Avoid Friday's Anti-Ahok Protest

    Foreigners are advised to stay clear of the "anti-Ahok" demonstration that is scheduled for Friday (04/11) in Central Jakarta as Islamic State-inspired terrorist cells may take advantage of the rally. The Jakarta police department will deploy about 7,000 personnel to safeguard security during the rally. However, this actually presents an opportunity for radical Muslims to launch attacks on Indonesian security officers. In the anti-Ahok rally, thousands of Muslims will express their anger toward incumbent Jakarta Governor Basuki "Ahok" Tjahaja Purnama.

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  • Stock Market & Rupiah Update Indonesia: US Election Jitters

    Asian stocks are under heavy pressure on Wednesday (02/11) as the latest polls in the USA are suggesting that the US presidential race between market favorite Hillary Clinton and controversial candidate Donald Trump is closer than initially expected. Narrowing polls cause concern about future US economic policy after the election on 8 November 2016. Earlier, Trump expressed criticism on the Federal Reserve, claiming that the US central bank is engaged in politics by maintaining the loose monetary policy.

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