• Bank Indonesia Plans Extra Board Meeting, Interest Rates May Rise

    Governor of the central bank of Indonesia (Bank Indonesia) Agus Martowardojo said that the central bank will respond to current market conditions on Thursday (29/08). Bank Indonesia will have an extra board meeting to discuss measures to safeguard Indonesia's financial stability. It will touch matters such as macro-prudential policy, the interest rate and currency control. Normally, the central bank meets once per month but Martowardojo felt that this extra meeting is needed as the next scheduled meeting (12/09) is too far away.

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  • Chatib Basri: GDP Growth Indonesia in 2014 Should Be Revised Down to 6%

    Finance minister Chatib Basri said that the Indonesian government should revise its outlook for GDP growth in 2014 from 6.4% (mentioned in the 2014 State Budget) to about 6.0%. A more realistic outlook, which is in line with the current global and domestic financial context, is needed. Global uncertainty due to the possible ending of the Federal Reserve's quantitative easing program has resulted in capital outflows from emerging markets, including Indonesia. Various countries, developed and emerging ones, have lowered outlooks for 2014 GDP growth.

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  • Internet Penetration in Indonesia still Low at 25% but Rising steadily

    Research institute Frost & Sullivan expects that broadband internet penetration in Indonesia (fixed and wireless) will grow to 25% at the end of 2013 and, depending on the development of the Palapa Ring, to 45% by 2018. Internet growth in Indonesia is particularly supported by the mobile broadband segment due to high demand for social media applications and mobile videos among the younger generation of Indonesians. By 2015, about 145 million Indonesians will have internet access. Currently, Indonesia's population numbers about 250 million people.

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  • Profile of Indosat, a Leading Indonesian Telecommunications Provider

    Indonesia Investments presents the updated company profile of Indosat, one of the largest telecommunication networks and services providers of Indonesia. The company currently has about 57 million cellular subscribers and a market share of around 20 percent. In the first half of 2013, Indosat's net loss was IDR 231.2 billion (USD $21.0 million) particularly caused by increasing telecommunication service costs, depreciation and amortization expenses, as well as labor costs.

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