Today's Headlines in Indonesia

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.

  • Steel Consumption Indonesia Rose in the First Half of 2016

    Steel consumption in Indonesia is expected to rise to 13-14 million tons in 2016, from 11.3 million tons in the preceding year. Growth is supported by infrastructure development in Indonesia. Data from the Southeast Asia Iron and Steel Institute (SEAISI) shows that steel consumption in Indonesia rose 11 percent year-on-year (y/y) to 6.4 million tons in the first half of 2016. In fact, many local companies are currently buying steel to fill their warehouses as the steel price tends to be highest in the January-February period.

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  • Jakarta Governor Ahok Named Suspect in Blasphemy Investigation

    After a first hearing on Tuesday (15/11) Indonesia's Police named incumbent Jakarta Governor Basuki Cahaya Purnama (better known as Ahok) as suspect in a blasphemy investigation case, implying that he cannot leave the country while investigation is conducted. This announcement was made on Wednesday morning (16/11). About a dozen people filed blasphemy allegations against Ahok after a manipulated recording surfaced on social media showing him expressing disrespectful language about a specific Quranic verse during a speech in Kepulauan Seribu, off the coast of Jakarta, in early October.

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  • Foreign Ownership in Electronic Payment Services Firms Curbed by Bank Indonesia

    Bank Indonesia curbed foreign ownership in local companies that offer electronic payment services to a 20 percent stake through the implementation of Bank Indonesia Regulation No. 18/40/PBI/2016 on the Operation of Payment Transaction Processing. Central Bank Governor Agus Martowardojo said this new regulation will strengthen the development of technology-based financial services firms in Indonesia by enhancing the sector's regulatory framework amid growing interest in financial technology.

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  • Indonesian Stocks Continue to Slide on Tuesday, Rupiah Stronger

    Indonesian stocks continued to decline on Tuesday (15/11), for the third consecutive day. After a promising start - Indonesia's Jakarta Composite Index (IHSG) rose about 1 percent in today's first trading session - the index finished the day down 0.73 percent to 5,078.50 points. Key matters that cause this selloff are the US dollar approaching a 14-year high as well as expectation of rising inflation in the USA now Donald Trump has been elected next US president. This cocktail gives rise to capital outflows from emerging markets to the USA.

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