Indonesian paper manufacturers may see their exports fall further in 2017 as Australia and the United States have implemented high anti-dumping import duties on paper from Indonesia. Liana Bratasida, Executive Director Indonesia Pulp & Paper Association (APKI), said several local paper manufacturers stopped shipments to Australia after the country implemented anti-dumping import duties in the range of 2.4 - 72.8 percent in December 2016. Reportedly, it has become not feasible for these companies to continue the export of paper.

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Production of hand-rolled clove cigarettes (kretek) fell 30 percent year-on-year (y/y) in 2016 due to stricter smoking regulations in Indonesia. Kretek is a clove cigarette that consists of tobacco (70 percent), and ground cloves, clove oil as well as other additives (30 percent). These clove cigarettes are the clear favorite of Indonesia's smoker community. It is estimated that 85 percent of all smokers in Indonesia prefer kretek cigarettes over white cigarettes. In total, around 55 million Indonesians consume tobacco-related products.

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Indonesia is the world's largest archipelago. And due to the country's enormous size it contains a high degree of diversity in terms of religion and traditional beliefs. Although Indonesia has a Muslim-majority population, it is a secular democracy with a constitution that guarantees all Indonesian citizens the freedom of worship, each according to his or her own religion or belief (this system does not function perfectly in reality, however). Still, it means that Indonesia contains many (mostly religion-inspired) public holidays on which the nation's financial markets are closed.

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On 8 January 2017, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve political, social and economy-related topics such as inflation, direct investment, a tax amnesty program update, exports, JPMorgan, the budget deficit, foreign relations, and more.

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