3 July 2025 (closed)
Jakarta Composite Index (6,878.05) -3.19 -0.05%
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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.
Dozens of workers at a fireworks factory at an industrial complex in Tangerang (Banten Province) were killed on Thursday morning (26/10) after two explosions caused a massive fire. At least 47 lives were ended, while dozens were injured. Reportedly, a total of 103 workers were active at the firecracker factory, hence the death toll could rise further. The fire has been brought under control.
General Motors manufactured its last Holden car at the Adelaide factory on Friday (20/10), hence effectively ending the once-iconic Australian car industry. From now on Australians will have to buy cars that were imported from abroad. While other governments have been keeping national automotive industries alive after the financial crisis through bailouts, the Australian government saw no real economic reason to keep this industry alive.
KKR & Co. L.P., the New York-based global investment company that is engaged in a wide variety of sectors including private equity, energy, infrastructure, real estate, credit, and hedge funds, acquired a 12.64 percent stake in Indonesia's largest producer of bread products, Nippon Indosari Corpindo, through KKR's Asian Fund III.
Bali, the most popular tourist destination in Indonesia (and therefore an important destination for foreign direct investment, or FDI), is optimistic that it will achieve its full-year 2017 investment target. Ida Bagus Made Parwata, Head of Bali's Investment Board (BPMP), said the island targets to see IDR 12.4 trillion (approx. USD $918 million) worth of investment in 2017.
