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.
Taxpayer compliance in Indonesia has risen after the completion of the tax amnesty program in early 2017 according to Yon Arsal, Director of Tax Revenue and Compliance at the Directorate General of Taxes.
Nippon Indosari Corpindo, Indonesia's largest bread products manufacturer and the only one that is listed on the Indonesia Stock Exchange, continues to expand beyond borders. The company announced that it reached an agreement with Caffe Bene, a South Korea-based coffeehouse chain. Caffe Bene is South Korea's biggest coffeehouse chain and also owns hundreds of stores around the globe.
Today, the central bank of Indonesia (Bank Indonesia) decided to keep its key interest rate - the seven day reverse repo rate - at 4.25 percent, a decision that had been expected by most - if not all - analysts as there have been rising pressures on the rupiah exchange rate after two surprise rate cuts in August and September, while there remain plenty of external matters that make investors careful about investing in emerging market assets.
Bank Indonesia held its key rate at 4.25 percent at the October 2017 policy meeting. This decision was in line with expectations. In fact, previously, Bank Indonesia officials had already indicated that they would pause their eagerness to ease monetary policy. Since January 2016, the central bank of Indonesia had already cut the benchmark interest rate eight times from 7.25 percent to 4.25 percent in an effort to boost economic growth.
