While the Indonesian rupiah rate had retreated against the US dollar in November 2019 amid an increase in uncertainty in international markets, the Indonesian currency managed to end the year 2019 on a positive note.
20 January 2020 (closed)
USD/IDR (13,626) -52.00 -0.38%
EUR/IDR (15,111) -43.99 -0.29%
Jakarta Composite Index (6,245.04) -46.61 -0.74%
The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
For the sixth straight month manufacturing activity in Indonesia remained in the red zone. It therefore was a very disappointing second half of 2019. Moreover, it raises room for concern about Indonesia’s overall economic growth in 2019.
Indonesian inflation was kept at a very mild rate of 0.34 percent month-on-month (m/m) in December 2019. This is remarkably low inflation considering the last month of the year usually triggers a significant increase in demand for consumer goods in the context of the Christmas and New Year celebrations. It is also a period when many Indonesians opt for a holiday.
For the past couple of months we have frequently heard President Joko Widodo and other top government officials refer to the upcoming omnibus laws as key tools or solutions to improve the quality and attractiveness of Indonesia’s investment environment.