• Inflation Update Indonesia: Pressures Ahead of the Ramadan

    Inflation Update Indonesia: Pressures Ahead of the Ramadan Month

    The central bank of Indonesia (Bank Indonesia) expects the nation's May 2017 inflation rate to be relatively high at 0.37 percent month-on-month (m/m) due to rising food prices and transportation tariffs ahead of the start of the holy Ramadan month (the Islamic fasting month). A Bank Indonesia survey shows inflation had climbed 0.27 percent in the first three weeks of May. As the Ramadan has started in the fourth week, inflationary pressures should rise sharper in these last couple of days of the month.

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  • Integrated Investment Projects in Indonesia: North Sulawesi

    Integrated Investment Projects in Indonesia: North Sulawesi

    Thomas Lembong, Head of the Indonesia Investment Coordinating Board (BKPM), said he wants Indonesia to tap the momentum of the recent "One Belt, One Road" summit in Beijing (China), organized earlier this month, by promoting three Indonesian provinces to foreign investors as a great investment destination. These three provinces are North Sumatra, North Kalimantan, and North Sulawesi.

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  • Investors Complain: Difficult to Obtain Permits in Indonesia

    Investors Complain: Difficult to Obtain Permits in Indonesia

    Hariyadi Sukamdani, Chairman of the Indonesian Employers Association (Apindo), said investors continue to complain about the difficulty of obtaining all necessary investment permits in the regions of Indonesia even though, generally, there has been an improvement in the degree of bureaucracy under the Joko Widodo administration.

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  • IS-linked Terrorist Attack in Jakarta's Kampung Melayu Bus Station

    IS-linked Terrorist Attack in Jakarta's Kampung Melayu Bus Station

    After the suicide bomb attack in Manchester (United Kingdom) and the firefight between Philippine military forces and local Islamic State (IS)-inspired Maute fighters in Mindanao earlier this week, Indonesia also became the center of a new radical Islamic attack when - on Wednesday evening (24/05) - two suicide bombers struck at the Kampung Melayu bus station in East Jakarta, killing three police officers and injuring about a dozen others. Including the two terrorist, it led to five casualties. IS claimed responsibility for the attack.

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