• Indonesia's Jakarta Composite Index and Rupiah Extend Rally

    Asian stocks continue to rise on positive market sentiments on Wednesday (04/11). Supported by gains on Wall Street overnight and higher crude oil prices (pushing energy stocks higher), most Asian indices surged. Investors seem to have more confidence in the world economy. Earlier this week data signal that manufacturing activity continues to expand in the US and Europe, while in China it is stabilizing. Indonesia's benchmark Jakarta Composite Index was up 1.43 percent to 4,597.69 points by 10:50 am local Jakarta time.

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  • Indonesian Stock Market & Rupiah Update: Positive Global Sentiments

    Indonesian stocks and the rupiah outperformed their regional peers on Tuesday (03/11) after US stocks posted strong gains overnight on the back of a spate of acquisition deals and positive US manufacturing activity and construction spending data. Most Asian stock indices rose on these improved global market sentiments. Indonesia's benchmark Jakarta Composite Index climbed 1.53 percent to 4,533.09 points.

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  • What are Indonesia's Best, Most Valuable Brands in 2015?

    The 'Top 100 Indonesia brands' ranking, issued by UK-based brand consulting firm Brand Finance, has a new leader. On top of this year's list is majority state-owned telecommunications firm Telekomunikasi Indonesia (Telkom) with a brand value of USD $2.8 billion, replacing Indonesia's largest tobacco company HM Sampoerna (which fell to fourth position in this year's ranking). Other Indonesian top brands are tobacco producer Gudang Garam and Bank Mandiri, Indonesia's largest bank (by assets).

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  • Statistics Indonesia: Electricity Subsidy Cut Raises Inflation & Poverty

    Statistics Indonesia (BPS) said the government's plan to cut electricity subsidies for 450 VA and 900 VA households (per 1 January 2016) is likely to lead to a higher inflation and poverty rate. Cutting the electricity subsidy bill is part of government efforts to reduce costly energy subsidies and redirect these funds to productive investments (for example infrastructure development or social welfare programs). Moreover, more than 20 million Indonesians are enjoying subsidized electricity, while they are not classified as (near) poor.

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