• Global Demand for Indonesian Luwak Coffee (Kopi Luwak) Declined

    The Central Java branch of the Association of Indonesian Coffee Exporters (AEKI) said that demand for luwak coffee (Indonesian: kopi luwak), an Indonesia specialty coffee and known as the world’s most expensive coffee, has been in decline since 2013. Luwak coffee is an extraordinary type of coffee as it is brewed from beans that have passed through the digestive system of the Asian palm civet cat. This labour-intensive production process and its scarcity on the global market cause luwak coffee’s expensive price.

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  • Indonesia Stock Market News: Solid Trading Debut PP Properti on IDX

    Pembangunan Perumahan Properti (PP Properti), a property developer and unit of state-controlled Pembangunan Perumahan (PP), made a successful listing on the Indonesia Stock Exchange (IDX) today (19/05). Shares of PP Properti soared 35 percent at its trading debut. After Bank Yudha Bhakti (BBYD) and Mitra Keluarga Karyasehat (MIKA), PP Properti (PPRO) is the third Indonesian company to have conducted an initial public offering (IPO) in the Indonesia Stock Exchange (Mitra Energi Persada had relisted earlier in May 2015).

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  • Rupiah Down against US Dollar, Markets Wait for Bank Indonesia Meeting

    Indonesia’s rupiah continued to weaken on Monday’s trading day (18/05). The Indonesian rupiah had depreciated 0.22 percent to IDR 13,113 per US dollar by 12:08 pm based on the Bloomberg Dollar Index as market participants are waiting for results of the central bank’s Board of Governor’s Meeting, scheduled for Tuesday (19/05). At this meeting Indonesia’s central bank (Bank Indonesia) will discuss and determine its stance on the country’s interest rate environment. Currently, the key rate (BI rate) is set relatively high at 7.50 percent.

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  • Challenges and Opportunities in Indonesia’s Cocoa Industry

    At the Triannual Cocoa Dinner, held in JW Marriot London, Indonesian Vice President Jusuf Kalla said to see both opportunities and challenges in Indonesia’s cocoa industry. Currently, Indonesia produces about 700,000 tons of cocoa per year and is the world’s third-largest cocoa producer (after Ivory Coast and Ghana). Around 1.2 million hectare of land is used in Indonesia for the production of this commodity (the majority of these plantations are found concentrated in Central Sulawesi where about half of the country’s cocoa is produced).

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