Today's Headlines in Indonesia

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.

  • Gelar Batik Nusantara 2015: Indonesian Batik Popular in the USA

    According to Indonesia’s state news agency Antara, the United States (US) have become the largest export destination for Indonesian batik. Approximately 37 percent of Indonesia’s total batik export is shipped to the US, the world’s largest economy. Batik is a traditional textile produced by using a technique of wax-resist dyeing applied to cloth. Although several other countries also produce batik, the most well-known batik originates from the island of Java (batik was recognized as a World Cultural Heritage by the UNESCO in 2009).

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  • Property in Indonesia: Expats Allowed to Own Luxurious Apartments?

    Indonesian Finance Minister Bambang Brodjonegoro is completing a study related to the possibility of allowing foreign ownership of property in Indonesia. In a bid to generate more state revenue through taxation, the Indonesian government may allow foreigners (expats) to own luxurious (residential) apartments in the bigger cities of Indonesia. These apartments should be worth at least IDR 5 billion (approx. USD $375,940) according to current proposals. Brodjonegoro emphasized that expats will not be allowed to own landed houses.

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  • Indonesia’s Jakarta Composite Index Resists Global Optimism Again

    On Tuesday (23/06) Asian stock indices extended gains on optimism that debt-ridden Greece will not default and stays within the Eurozone. Although Eurozone leaders reminded that there is still work to be done before an agreement can be reached between Greece and its creditors, markets are confident that the deal is only a matter of time. However, similar to yesterday, Indonesia’s benchmark stock index did not follow this global positivity and instead declined 0.44 percent to 4,937.65 points.

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  • Economic Assumptions Indonesia: GDP, Rupiah, Export, Oil & Gas

    Indonesian authorities, i.e. the government and central bank (Bank Indonesia), announced or revised several macroeconomic assumptions for 2015 and 2016. Perhaps most importantly, Indonesia’s 2016 economic growth assumption has been revised down to the range of 5.5 - 6.0 percent (y/y), down from its previous assumption of 5.8 - 6.2 percent (y/y). Indonesian Finance Minister Bambang Brodjonegoro also stated that the government will assume the rupiah at IDR 13,000 - 13,400 per US dollar for the 2016 calendar year.

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Today's Headlines