• Rupiah Slightly Down in Bloomberg Dollar Index but BI Mid Rate Up

    According to the Bloomberg Dollar Index, the Indonesia rupiah exchange rate fell 0.09 percent to IDR 11,976 per US dollar as per 13:46:18 local Jakarta time on Friday (06/12). It is expected that this slight depreciation of the rupiah will continue for the remainder of the trading day. The rupiah received some support from Moody's Investors Service, which stated that the rupiah depreciation itself is not a trigger for a rating downgrade. The ratings agency affirmed the country's Baa3 rating due to Indonesia's strong growth and low debt level.

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  • Salim Ivomas Pratama: A Leading Indonesian Agribusiness Company

    Indonesia Investments updated the company profile of Salim Ivomas Pratama. The company, controlled by the Salim Group, is one of Indonesia's largest vertically integrated agribusiness players. It is a leading oil palm plantation company that - besides producing crude palm oil, fresh fruit bunches, palm kernel and other palm oil derivative products - also produces rubber and sugar cane. Salim Ivomas Pratama is known as the leading producer of cooking oil and margarine.

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  • Air Passengers in Indonesia Expected to Exceed 100 Million in 2014

    Indonesia's Ministry of Transportation expects the number of air passengers in Indonesia to exceed 100 million in 2014, a 15 percent growth from this year's estimated 90 million air passengers. Air traffic in Southeast Asia's largest economy is growing rapidly. From 2012 to 2013, passenger numbers grew at least 19 percent (from 60 to 90 million), while the total number of flights increased from 566,000 in 2011 to 684,000 in 2012. This robust growth necessitates investments to safeguard comfort and safety in Indonesia's aviation sector.

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  • Indonesia's Household Consumption and Optimism Up in November 2013

    Household consumption in Indonesia has improved in November 2013 according to Bank Indonesia's Consumer Survey. The central bank's Consumer Confidence Index (CCI) rose 4.8 points to 114.3 points. This improvement is attributable to increased available job opportunities and increased purchases of durable goods ahead of Christmas 2013 and New Year. Lastly, Indonesian consumers are more positive about Indonesia's economic condition in the coming six months.

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