It was a welcome surprise when Indonesia’s Statistics Agency (in Indonesian: Badan Pusat Statistik, or BPS) announced in early August that the country’s gross domestic product (GDP) expanded 5.27 percent year-on-year (y/y) in the second quarter of 2018.
11 November 2019 (closed)
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Indonesia Investments' News Columns section contains articles with a detailed analysis regarding topics that have high news value in Indonesia and can be regarded as topics that are capable of influencing Indonesia's investment climate. Most columns published in this section cover subjects related to politics, economics and social matters. By following these publications on a regular basis, one will be apprised of what is happening in Indonesia and - just as important - understand why it is happening.
It is finally clear which pairs will compete in Indonesia’s 2019 presidential election. On Saturday August 10th, 2018 (only hours before the deadline ended), political parties officially registered their presidential and vice-presidential candidates at the General Elections Commission (in Indonesian: Komisi Pemilihan Umum, or KPU). As was widely assumed, only two pairs will compete in the 2019 presidential election. Thus, there are also two coalitions of political parties.
According to the latest data from Indonesia’s Central Statistics Agency (BPS), poverty in Indonesia has fallen to a historic low. BPS provides an update on the country’s poverty statistics twice per year, covering the state of poverty in the months of March and September. On 16 July 2018 the agency, which is a non-ministerial government institution, released the March 2018 data. And these data showed a welcome surprise.
After years of struggle and negotiations there now seems light at the end of the tunnel for the Indonesian government and US mining giant Freeport-McMoRan Inc. Both sides signed a Head of Agreement on Thursday 12 July 2018 that will give Indonesia’s state-owned mining company Indonesia Asahan Aluminum (better known as Inalum) and the local government of Papua a 51.23 percent stake in Freeport Indonesia, implying the company - the operator of the Grasberg mine, which is the world’s largest gold mine and second-largest copper mine – will come under Indonesian control.