• How Indonesian Stocks and the Rupiah Performed on Friday

    The benchmark Jakarta Composite Index rose 0.13 percent to 5,360.77 points on Friday (03/02), while the Indonesian rupiah appreciated 0.06 percent to IDR 13,343 per US dollar (Bloomberg Dollar Index). This slight growth was in line with the performance of most global stock markets on Friday after Wall Street ended little changed on the preceding trading day.

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  • Indonesia Opens Doors for Gas Imports to Boost Competitiveness

    The government of Indonesia decided to allow more imports of gas for the domestic industry, a decision that should put downward pressure on Indonesia's gas price. Many players in Indonesia's manufacturing industry have complained about the high domestic gas prices. This causes high production costs and therefore Indonesian manufacturers lack competitiveness (compared to foreign counterparts), while foreign investors think twice before investing in the nation's manufacturing industry.

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  • Remarkable News Indonesia: CGV Movie Theater Seats Promote Adultery

    Indonesia's third-largest cinema operator CGV Cinemas, owned by publicly listed Graha Layar Prima, needs to replace the comfortable (bed-like) seats in the velvet class of its Palembang movie theater (in the capital of Indonesia's South Sumatra province) because local authorities decided (after receiving complaints from local citizens) that the bed-like seats may encourage adultery and sexual misconduct.

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  • Advertising Spending in Indonesia Recovered, TV & Tobacco Dominate

    Growth of advertising spending in Indonesia's printed and electronic media grew 14 percent year-on-year (y/y) to IDR 134.8 trillion (approx. USD $10.1 billion) in 2016 from IDR 118 trillion in the preceding year. This growth pace is nearly double the annual growth pace that was recorded in 2014 and 2015 at 8 percent and 7 percent, respectively. These data come from a new report released by Nielsen’s Advertising Information Service earlier this week.

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