21 March 2019 (closed)
USD/IDR (14,157) +55.00 +0.39%
EUR/IDR (16,101) -21.37 -0.13%
Jakarta Composite Index (6,501.78) +19.07 +0.29%
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.
In the month of December 2018 the Indonesian rupiah weakened 0.99 percent from IDR 14,339 per US dollar on the last trading day of November 2018 to IDR 14,481 per US dollar on the last trading day of December 2018 (based on Bank Indonesia’s benchmark JISDOR rate).
Despite challenging circumstances that trigger capital outflows from emerging markets – mostly related to the ongoing tariff war between the United States and China, monetary tightening in developed nations, US President Donald Trump’s unpredictable style of leadership, and rising crude oil prices in the first three quarters of the year (that cause pressure on net oil importers) – Indonesia ended 2018 in good financial health.
On Monday (07/01) Indonesia Investments released the December 2018 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of December 2018 and also touches upon key international developments that impacted on the Indonesian economy.
Indonesia is the world's largest archipelago. Due to the country's huge size it contains a high degree of diversity in terms of religion and traditional belief systems. Although Indonesia has a Muslim-majority population, it is a secular democracy with a constitution that guarantees all Indonesian citizens the freedom of worship, each according to his or her own religion or belief (this system does not function perfectly in reality, however). Still, it means that Indonesia contains many (mostly religion-inspired) public holidays on which the nation's financial markets are closed.
