In its "war on tax evasion" Indonesia scored another victory by reaching an agreement ("Bilateral Competent Authority Agreement") with Hong Kong to share data of Indonesian taxpayers who hold accounts in the Asian wealth management hub. Indonesia's Tax Office assumes (or better: knows) there are plenty of wealthy Indonesians who take advantage of the low tax regime in Hong Kong and deliberately do not report these funds to Indonesian authorities.

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Indonesia's economic acceleration, the nation's recently obtained investment grade status from Standard & Poor's (S&P) and the (near) record high position of the benchmark Jakarta Composite Index makes it more attractive for Indonesian companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange. Moreover, the Federal Reserve is committed not to cause too much volatility in markets by acting cautiously and communicating its (possible future) moves clearly.

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Bonds of Indonesian cement manufacturer Semen Indonesia are subscribed 1.3 times. Semen Indonesia Finance Director Darmawan Junaidi said the company planned to sell IDR 3 trillion worth of five-year bonds (8.6 percent coupon), but demand reached IDR 4 trillion. Most demand originated from domestic financial institutions such as banks, insurance and pension funds.

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Indonesia's Statistics Agency (BPS) announced Indonesia's trade surplus stood at USD $474 million in May 2017, significantly below analysts' estimates and the revised April 2017 trade surplus of USD $1.33 billion. Key reason that explains Indonesia's lower trade surplus is rising imports ahead of the Ramadan (the Islamic fasting month) and Idul Fitri celebrations (the festivities that follow after the end of Ramadan).

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