• Smartphone Users in Indonesia to Grow Sharply in the Years Ahead

    The number of smartphone users in Indonesia is expected to grow by an average of 33 percent compound annual growth rate (CAGR) between 2013 and 2017 according to research conducted by Nielsen Informate Mobile Insights. The number of smartphone users in Indonesia is expected to grow from an estimated 52 million to 87 million in 2017. This growth is primarily supported by Indonesians under the age of 30 years. It is estimated that 61 percent of the total number of Indonesian smartphone users are below 30 years. On average, Indonesian users spend 129 minutes per day on their smartphones.

    Lanjut baca ›

  • Indonesia's Inflation Eases to 4.89% y/y in November 2015

    Indonesia's Statistics Agency (BPS) announced today that Indonesian inflation was recorded at 0.21 percent (month-to-month) in November 2015. On an annual basis, inflation eased markedly to 4.89 percent in November, from 6.25 percent in the preceding month, as the impact of the subsidized fuel price hike in November 2014 vanished from the annual inflation rate. In November 2014 inflation had accelerated 1.50 percent (m/m). Next month, Indonesia's annual inflation will most likely ease even more sharply.

    Lanjut baca ›

  • Special Helpdesk Prevents Layoffs in Indonesia's Textile & Footwear Industries

    The Investment Coordinating Board (BKPM), the investment service agency of the Indonesian government, claims it has prevented about 24,500 of layoffs through its special desk for footwear and textile industries. This special desk is an agency set up by the BKPM in early October 2015 to support local companies in the footwear and textile industries as these industries are considered most affected by the country's economic slowdown. BKPM Chairman Franky Sibarani said a total of 48 companies have requested support through this special desk.

    Lanjut baca ›

  • Update Majority Foreign Ownership in Indonesian Banks

    Contrary to earlier information, Indonesia's Financial Services Authority (OJK) is expected to somewhat limit investment opportunities for foreign investors in the country's banking sector. Nelson Tampubolon, Commissioner for Banking Supervision at the OJK, said foreigners will only be allowed to acquire a majority-stake in small Indonesian banks (categorized under the BUKU 1 system) provided that the foreigner purchases two (small) banks and merge these into one entity.

    Lanjut baca ›