After Indonesia's markets have been closed for one full week due to the Idul Fitri holiday, they are back open today (11/07). Because of last week's holiday, Indonesia's stock market has not experienced the sell-off that occurred in other markets in the week of 4 - 8 July. This sell-off followed a relief-rally in global markets after the Brexit vote decision: although shortly after Brexit, global shares gained on central bank's stimulus hopes, the sell-off emerged one week later as investors started to be concerned about the impact of Brexit and the economic fundamentals of Europe.

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On 10 July 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economic matters such as the performance of Asian stocks in the post-Brexit era, Indonesia's carbon emissions, the energy sector, the tax amnesty program, and more.

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Indonesia plans to introduce a special tax regulation for those small and medium-sized enterprises that generate revenue and profit through online retail sales (e-commerce business). Daniel Tumiwa, Chairman of the Indonesian E-commerce Association (idEA), informed reporters about the government's plan. He added that only a small tax tariff will be charged on small and medium-sized e-commerce companies. The new regulation is expected to be implemented later this year.

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A study published in Scientific Reports, conducted by scientists at King’s College London in cooperation with the Center for International Forestry Research (CIFOR), says the forest fires on the Indonesian islands of Sumatra and Kalimantan that occurred between June and October 2015 released some 11.3 million tons of carbon each day (a figure that exceeds the 8.9 million tons of daily carbon emissions in the European Union). Last year's man-made forest fires and haze in Indonesia are among the worst natural disasters ever recorded.

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