19 October 2017 (closed)
USD/IDR (13,521) +7.00 +0.05%
EUR/IDR (15,954) +44.76 +0.28%
Indonesia Stock Exchange (5,910.53) -18.67 -0.31%
The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will 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.
BMW, the Germany-based automobile manufacturer, said it will continue to focus on supplying cars for Indonesia's elite. The company specifically aims for the top officials working at embassies and international organizations in Indonesia. Currently, BMW already supplies its vehicles to 36 embassies in Indonesia as well as five representative offices of international organizations.
Three cooperation agreements were signed between Indonesian and European companies at the Indonesia-Belgium High Level Roundtable Discussion held at the Federation of Enterprises in Belgium (FEB). Meanwhile, at the occasion there are also talks being held about (free) trade agreements with the aim to improve bilateral relations between Indonesia and the European Union (EU).
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.
