• Indonesian Stocks & Rupiah: Thin Trade ahead of Celebrations

    On the last trading day before the Christmas break, Indonesia's benchmark Jakarta Composite Index fell for the ninth straight day, the longest losing streak since August 2005. On Friday (23/12) the index fell 0.30 percent to 5,027.70 points. The performance of Indonesian stocks was in line with other markets in Asia. Ahead of Christmas and New Year festivities, trade volume is low as investors are taking a break. Meanwhile, there are no positive sentiments stemming from the Indonesian market.

    Lanjut baca ›

  • Foreigners Abuse Indonesia's Visa-Free Policy, Gov't to Evaluate

    Indonesia will evaluate its visa-free policy as there are reports that some foreigners abuse this facility by conducting illegal activities in Indonesia, for example by taking up employment without having a work permit, engaging in drug trafficking, or spreading radical ideologies in the Archipelago. Through Presidential Regulation no. 21/2016 on Exemptions of Visit Visa, the government of Indonesia allowed citizens from a total of 169 countries to enter and stay within Indonesia (for a maximum period of 30 days).

    Lanjut baca ›

  • Stock Market & Rupiah Update Indonesia: Another Day in the Red

    As we approach the year-end, and without the presence of positive triggers, investors seem to engage in profit-taking. Therefore, Indonesia's benchmark Jakarta Composite Index now extended its losing streak to seven straight sessions. Indonesian stocks fell 0.99 percent to 5,111.39 points on Wednesday (21/12), a decline led by consumer staples and financial shares, while the Indonesian rupiah depreciated 0.16 percent to IDR 13,459 per US dollar (Bloomberg Dollar Index). The Federal Reserve's recent rate hike still seems to overshadow global investor sentiment.

    Lanjut baca ›

  • Indonesia's Counter-Terrorism Squad Kills 3 Militants

    Indonesia's special counter-terrorism force Densus 88 killed three alleged terrorists in a shooting just outside the Indonesian capital city of Jakarta on Wednesday morning (21/12). Meanwhile, Densus 88 arrested another man and discovered a cache of bombs, presumably intended to be used for suicide bombings during Christmas celebrations. The shooting - and discovery of the bombs - took place at two rented houses at a housing complex in South Tangerang (Banten Province) some 25 kilometers outside Jakarta.

    Lanjut baca ›