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 Indonesian Palm Oil Producers Association (Gapki) said Indonesia's exports of crude palm oil (CPO) and its derivatives rose 24 percent month-on-month (m/m) to 2.98 million tons in August 2017 (from 2.40 million tons in the preceding month).
Lana Soelistianingsih, economist at Samuel Aset Manajemen, said it will be very difficult for Indonesian authorities to achieve its 11.5 percent tax-to-GDP ratio target in 2017 despite the positive impact of the government's recently completed tax amnesty program.
Garuda Maintenance Facility AeroAsia (GMF AeroAsia), an Indonesian company engaged in the aircraft maintenance repair and overhaul sector, made its trading debut on the Indonesia Stock Exchange on Tuesday (10/10). It was the 25th company that completed its initial public offering in Indonesia in 2017.
Indonesian authorities are currently investigating a suspicious transfer, involving USD $1.4 billion, by Standard Chartered Plc made in late-2015. British multinational banking and financial services company Standard Chartered held these funds - the majority on behalf of Indonesian clients - at Guernsey, a Channel Islands in the English Channel near the French coast.
