18 June 2026 (closed)
Jakarta Composite Index (6,172.34) -48.40 -0.78%
The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines 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.
The benchmark Jakarta Composite Index of Indonesia - Jakarta Composite Index - rebounded 0.46 percent to 6,605.63 points on Wednesday (31/01) after the heavy 1.57 percent drop on the preceding day when Asian stock markets were dragged down by Wall Street and rising global bond yields.
State-controlled steel manufacturing company Krakatau Steel is optimistic that it will post net profit in 2018 after continuously being plagued by net losses since 2011. Tambok Setyawati, Finance Director at Krakatau Steel, said the company targets USD $24 million in net profit for 2018. This optimistic view is supported by its significantly declining net loss in 2017.
Indonesian food and beverage company MAP Boga Adiperkasa, part of the MAPI Group, has big expansion plans in store for 2018, especially for Starbucks branches which it operates in Indonesia through a franchise agreement (through subsidiary Sari Coffee Indonesia). Besides Starbucks, the company - through other subsidiaries - is the operator of several iconic brands: Pizza Express, Krispy Kreme, Cold Stone Creamery, and Godiva.
Indonesia's benchmark Jakarta Composite Index was down 1.76 percent to 6,563.28 points by 14:20 pm local Jakarta time on Tuesday (30/01). Indonesian shares follow the overall trend that we see across Asia today. However, due to the record high position of Indonesian stocks at yesterday's close, they are more vulnerable to profit taking amid today's weak market sentiments.
