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  • Higher Gini Ratio Shows Indonesia's Widening Income Distribution Inequality

    Higher Gini Ratio Shows Indonesia's Widening Income Distribution Inequality

    The Indonesian government should take more action to reverse the country's widening income distribution inequality. Indonesia's Gini ratio, the coefficient that measures inequality among income distribution, has risen in 2013 according to economist Lana Soelistianingsih. The Gini coefficient rose from 0.37 in 2012 to 0.41 in 2013 (a coefficient of zero expresses perfect equality, while one implies maximal inequality). The growth not only shows that the Indonesian government fails to tackle this problem but also implies social risks.

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  • Bill Gates Foundation Goes to Indonesia to Join Fight against Diseases

    On 5 April 2014, the US-based Bill and Melinda Gates Foundation, the world's largest private foundation, will travel to Indonesia to join Southeast Asia's largest economy in its combat against malaria, tuberculosis (TB) and HIV/AIDS as well as to support the country's birth control program through donating a total of USD $100 million. The foundation will also conduct fundraising in Indonesia by inviting various Indonesian businessmen to donate funds for the eradication of aforementioned diseases.

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  • Indonesia´s Largest Herbal Medicine Producer SidoMuncul Plans IPO

    SidoMuncul Herbal, Indonesia´s largest herbal medicine producer, is expected to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in the fourth quarter of 2013. The company, established in 1951, is a fully-modernized herbal company that strives to produce and market products that support the people´s health and well-being. The company will release 20 percent of its shares on the IDX and targets to raise IDR 1.5 trillion (USD $130 million). Kresna Securities acts as underwriter for the IPO.

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  • Huge Forest Fires on Sumatra Endanger Singapore's Health and Economy

    Forest fires on the Indonesian island Sumatra have brought severe smog over Singapore's skyline for the past five days, reaching record breaking levels of air pollution in Southeast Asia's wealthy city state. The forest fires are believed to be caused by illegal slash and burn practice on Indonesia's forest-rich island of Sumatra (for palm oil expansion) and represent a recurring problem in the dry season. Besides the environmental disaster, the forest fires cause health issues as well as economic losses for Singapore.

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