Indonesia Investments Report - March 2021 Edition: Light at the End of the Tunnel?
Update COVID-19 in Indonesia: 1,542,516 confirmed infections, 41,977 deaths (6 April 2021)
6 April 2021 (closed)
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
Jakarta Composite Index (6,002.77) +32.48 +0.54%
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.
Indonesia posted a USD $21.74 billion trade surplus in full-year 2020. This is a great recovery from the USD $3.59 billion trade deficit the country saw one year earlier.
On 6 January 2021, Airlangga Hartarto, Chairman of the Committee for the Handling of the COVID-19 Pandemic and National Economic Recovery (KPC-PEN), announced that a number of regions across the densely populated islands of Java and Bali are to impose tougher social and business restrictions between 11 and 25 January 2021.
Possibly the biggest story in local Indonesian media over the past couple of days (if we exclude coverage of any COVID-19-related matters) is the news that Gojek is in talks (in fact in the final stages, reportedly) to merge with Tokopedia. Based on the input of people familiar with the matter, the two companies have agreed to conduct due diligence on their respective businesses.
Indonesia’s December 2020 headline inflation accelerated slightly more than we had expected. Based on the latest data from Statistics Indonesia (BPS) this is particularly caused by rising food prices in the context of Christmas and New Year celebrations.
