• Corporate Earnings Reports Indonesia Q3-2018: Bank Mandiri

    Corporate Earnings Reports Indonesia Q3-2018: Bank Mandiri

    Bank Mandiri, one of the biggest financial institutions in Indonesia and the sixth-largest company that is listed on the Indonesia Stock Exchange (in terms of market capitalization), saw its net profit rise 20 percent year-on-year (y/y) to IDR 18.1 trillion (approx. USD $1.2 billion) up to and including the third quarter of 2018.

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  • What Are Indonesia's Minimum Wages By Province in 2019?

    What Are Indonesia's Minimum Wages By Province in 2019?

    Based on a circular that was issued by Indonesia's Manpower Ministry on 15 October 2018, the Indonesian government plans to raise provincial minimum wages by 8.03 percent in 2019. Provincial governors have up to 1 November 2018 to officially determine the local minimum wage for 2019.

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  • Indonesia-Australia Free Trade Deal in Jeopardy over Israel Embassy Comments

    Indonesia-Australia Free Trade Deal in Jeopardy over Israel Embassy Comments

    Nearly one year after US President Donald Trump confirmed the US would recognize Jerusalem as the capital of Israel and move its embassy from Tel Aviv to Jerusalem, Australian Prime Minister Scott Morrison followed suit by suggesting that Australia plans to make the same risky move. Morrison said Australia is considering to recognize Jerusalem as the capital of Israel and to move its embassy to the holy city.

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