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.
While in May 2021 Indonesian inflation accelerated more than we had predicted, in June 2021 we saw the opposite: inflation eased much more than we had anticipated. In fact, Indonesia experienced deflation.
Indonesian Investment Minister and Head of the Investment Coordinating Board (or BKPM) Bahlil Lahadalia confirmed that the groundbreaking ceremony for a new electric vehicle battery plant, which is developed by state-owned Indonesia Battery Corporation (IBC) and South Korea’s LG, will be held in late-July or August 2021 in Bekasi (West Java).
Lockdowns and restrictions imposed by governments around the globe in an effort to curb the further spread of COVID-19 in society as well as people’s fear to contract COVID-19 resulted in an unprecedented decline in consumption, production, trade, tourism and investment, particularly in the second quarter of 2020.
On Monday (5.07.2021) Indonesia Investments released its latest report - the June 2021 edition titled 'COVID-19 Crisis Intensifies; Second Wave Resembles Tsunami'. In the report we analyze the huge surge in new confirmed COVID-19 cases that occurred in Indonesia in recent weeks and the emergency measures (PPKM Darurat) that have been imposed by the government.
