17 October 2017 (closed)
USD/IDR (13,514) +24.00 +0.18%
EUR/IDR (15,909) +21.51 +0.14%
Indonesia Stock Exchange (5,947.33) -2.37 -0.04%
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.
Stakeholders in Indonesia's biodiesel industry are waiting for the final ruling of the US Commerce Department regarding the dumping of biodiesel products on the American market. The USA accuses Indonesia and Argentina of subsidizing biodiesel exports, hence leading to uncompetitive US vegetable oils (particularly soybean oil).
Indonesia's Investment Coordinating Board (BKPM) and Tourism Ministry invite private investors to invest in three priority destinations in the country's tourism sector. In total the projects that are on offer require about USD $2.9 billion worth of investment. The projects were offered at the Regional Investment Forum (RIF) in Padang (West Sumatra) that was held between 15-17 October 2017.
Children's toys manufacturers in Indonesia are increasingly looking at Central Java - specifically Kendal - for business expansion or full relocation as land prices and minimum wages are more competitive in this province. Sutjiadi Lukas, Chairman of the Indonesian Toy Association (AMI), said one kids toys manufacture - Sinar Harapan Plastik - has already bought a 2-hectares plot of land in Kendal.
Indonesian mineral mining and processing company Kapuas Prima Coal became the 27th company to list on the Indonesia Stock Exchange in 2017. The company was the top gainer at its trading debut on Monday (16/10) as its shares soared 70 percent to IDR 238 a piece. This increase touched the upper limit hence triggering the automatic rejection system.
