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.

  • Indonesian Stocks & Rupiah: Pressures due to China Inflation & Fed Rate Hike

    Most stock indices in Asia fell on Tuesday's trading day (10/11) on concern that China's stalling economy negatively impacts on the pace of global economic growth, while markets are also bracing for a looming US interest rate hike before the year-end. Moreover, sentiments in Southeast Asia are not positive as the majority of Q3-2015 earnings reports have been unfavorable. Combined, it triggers a flight to safer haven assets. Indonesia's benchmark Jakarta Composite Index fell 1.08 percent to 4,451.05 points.

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  • Sharia Tourism: Indonesia's Kagum Group to Invest in Sharia Hotels

    The Kagum Group, a hospitality management company in Indonesia, is eager to expand into the sharia tourism sector by establishing a chain of sharia hotels across Indonesia. Sharia hotels are hotels that follow Islamic principles such as offering separated indoor (protected from public view) swimming pools for men and women or serving halal food and beverages (excluding pork and alcoholic drinks). Through sharia-compliant hotels, the group targets to welcome more tourists from the Middle East.

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  • Can Indonesia Cut Gasoline Imports and Stop Diesel Imports in 2016?

    As Indonesia's oil production is expected to rise while a new oil refinery in Tuban (East Java) has started to come online, Indonesia's Ministry of Energy and Mineral Resources targets to stop imports of diesel fuel altogether and cut imports of gasoline fuel by 30 percent in 2016. The refinery in Tuban is owned by Trans Pacific Petrochemical Indotama, which was recently acquired by Indonesia's state-owned energy company Pertamina.

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  • Indonesia Steps Up ORI and Sukri Bond Issuances in 2016

    The Indonesian government will increase retail bond issuances in 2016. Robert Pakpahan, General Director of Debt Management at the Ministry of Finance, said the government will issue conventional retail bonds, known as ORI (Obligasi Negara Ritel Indonesia), twice in 2016. Furthermore, the government plans two rounds of sharia-compliant government retail bond (Sukuk Negara Ritel, or abbreviated Sukri) issuances next year. These bonds are only available to domestic investors.

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