• Indonesian Mandailing Coffee Favorite Specialty Coffee of Erna Knutzen

    On the 26th edition of the Specialty Coffee Association of America (SCAA), which is held  between 24 and 27 April 2014 in the Washington Convention Center (Seattle), Erna Knutsen - who introduced the term 'specialty coffee' in 1974 in an issue of the Tea & Coffee Trade Journal and is the founder of Knutsen Coffees Ltd - said that Mandailing coffee (a specialty coffee from Sumatra) is her favorite specialty coffee. Knutsen received the Life Achievement Award at the SCAA on the opening night of the event.

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  • Astra Otoparts: Indonesia's Leading Automotive Component Company

    Indonesia Investments updated the company profile of Astra Otoparts. This company, which is a subsidiary of Astra International, is Indonesia’s leading automotive component company. It produces and distributes spare parts for both motorcycles and cars. Astra Otoparts is supported by seven business units, fifteen consolidated subsidiaries, and eighteen associates and jointly controlled entities. A number of these subsidiaries or affiliated companies are joint ventures with prominent component manufacturers from Japan, China, Europe and USA.

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  • Revision of Indonesia's Negative Investment List to Attract Investment

    Chairman of the Indonesia Investment Coordinating Board (BKPM) Mahendra Siregar said on Thursday (24/04) that Indonesia's Negative Investment List (Daftar Negatif Investasi), which stipulates which sectors in the Indonesian economy are open to foreign investment as well as the percentage of foreign ownership permitted, has been revised. The list was revised through a Presidential Decree earlier this week. The revision means that the limit of foreign ownership in several sectors will be raised.

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  • Indonesian Rupiah Exchange Rate Update: Appreciating on Weak US Data

    Based on the Bloomberg Dollar Index, the Indonesian rupiah exchange rate appreciated 0.23 percent to IDR 11,603 per US dollar on Thursday (24/04). The currency's performance was particularly influenced by weak new US single-family homes sales. These sales fell more than expected and hit a five-month low in February 2014, implying that there is continued weakness in the US housing market. Meanwhile, US durable goods orders and US initial jobless claims, which will be released later today, are expected to be weak too.

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