• Economic Data of Indonesia: Inflation, Trade Balance & Manufacturing

    As expected, the pace of inflation in Indonesia eased in August 2014. On Monday (01/09), Statistics Indonesia announced that August inflation reached 0.47 percent, implying that on a year-on-year basis inflation eased to 3.99 percent from 4.53 percent in the previous month. Meanwhile, Indonesia posted a USD $124 million trade surplus in July 2014 mainly due to declining imports of machinery and mechanical instruments. The country’s manufacturing activity, however, contracted in August for the first time in a year.

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  • Cipta Kridatama Plans Initial Public Offering on Indonesia Stock Exchange

    Cipta Kridatama, one of Indonesia leading mining contractor companies, plans to conduct an initial public offering on the Indonesia Stock Exchange (IDX) after 2015. The company believes that this corporate action will enhance transparency and good corporate management. Chief Executive officer (CEO) Irfan Setiaputri said that the company is eager to conduct the IPO but needs to wait until after 2015 in order to be fully prepared for this step. The company is currently busy expanding into other business sectors.

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  • Revising Regulations to Enhance Indonesia’s Foreign Exchange Trading

    Nanang Hendarsah, Deputy of Bank Indonesia’s financial task force, said that the central bank of Indonesia will issue two new regulations this week in an attempt to boost foreign exchange (FX) transactions in Indonesia by simplifying the bank’s previous regulations issued in 2005 and 2008 (PBI No. 10/28 on FX purchase at banks and PBI No. 10/37 on netting restrictions). Recent data from Bank Indonesia show that the amount of FX transactions in Indonesia has been lower compared to those recorded by its regional peers.

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  • Indonesia Investments' Newsletter of 31 August 2014 Released

    On 31 August 2014, 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 in the last seven days. Most of the topics involve economic topics such Indonesia’s fuel subsidies, an August inflation forecast, the conflict between the government and Nusa Tenggara Newmont, a new geothermal energy bill, infrastructure development, and more.

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