• Indonesian Goverment Wants to Limit Regional Minimum Wage Increase

    Indonesia's government will make a new government regulation that foresees the minimum wage increase in all 33 provinces will be kept below 20 percent in 2014. This new rule is directed to labor-intensive industries, including Indonesia's small and medium businesses. The limitation of the regional minimum wage increase to 20 percent is much lower than the demand from Indonesia's labor associations, which requested minimum wage increases up to 50 percent.

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  • Weakening of Indonesian Rupiah Against US Dollar is Part of Global Trend

    According to various analysts and the central bank of Indonesia, the weakening of the IDR rupiah should not be too alarming as there currently is a global trend in which currencies, worldwide, weaken against the US Dollar. This situation is triggered by the economic recovery that has been experienced by the world's largest economy recently. Compared to other ASEAN members, the rupiah's decline is normal. The central bank adds that foreign capital inflows will return and will strengthen the country's currency.

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  • Bank Indonesia: Indonesia's Inflation Rate will Ease to 4.5% in 2014

    The central bank of Indonesia (Bank Indonesia) expects inflation to moderate to 4.5 percent in 2014 if the country's current account balance can be turned into a surplus. Currently, Indonesia's trade balance shows a deficit as global demand for Indonesia's commodities has reduced due to international economic turmoil, while Indonesia continues to import large quantities of oil. If the deficit can be reversed into a surplus it will curtail inflation and automatically have a positive impact on Indonesia's currency (IDR rupiah).

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  • Company Profile of Garuda Indonesia: Transition to a World Class Airline

    Garuda Indonesia is the most renowned airline of Indonesia. The company, which received four stars from Skytrax, provides both domestic and international flights (passengers and cargo). In recent years, Garuda has experienced a remarkable transition from being banned to fly to the Eurozone towards becoming a world-class airline that is acknowledged by international critical acclaim. Although Garuda is Indonesia's top class airline, it taps the low-cost aviation sector through its subsidiary Citilink Indonesia.

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