Today's Headlines in Indonesia

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.

  • Indonesian Rupiah Analysis: Performance over the Past Week

    Over the past week the Indonesian rupiah depreciated 0.60 percent to IDR 12,941 per US dollar (Jakarta Interbank Spot Dollar Rate). At the start of the week the rupiah experienced severe pressure as market participants were concerned about Indonesia’s slowing economic growth. However, in the second half of the week, Indonesia’s currency somewhat improved as the US dollar was negatively affected by weak US economic data. Based on the Bloomberg Dollar Index, the rupiah finished at IDR 12,922 per US dollar on Friday (24/04).

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  • Strong Growth Profit and Sales Unilever Indonesia in Q1-2015

    One of Indonesia’s largest consumer goods producers, Unilever Indonesia, recorded better than expected sales and net profit growth in the first quarter of 2015, signalling that purchasing power of Indonesians - amid the country’s economic slowdown - may not be as weak as previously expected. The local unit of Netherlands-based Unilever Holding B.V. attributed its strong performance to lower finance costs (interest and other borrowing costs), rising sales, and a higher average selling price.

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  • Government Indonesia Offers Tax Breaks to Improve Current Account

    Per May 2015 the government of Indonesia will offer tax breaks to companies that export a minimum of 30 percent of their production. Earlier this month, Indonesian President Joko Widodo signed a package that includes the tax break for exporters as well as a tax break for multinational companies that are willing to re-invest profits in Indonesia instead of sending profits and dividends to shareholders abroad. This package is designed to improve Indonesia’s trade balance (and the related current account balance).

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  • International Relations Indonesia: Death Penalty for Drug Crimes

    This week Indonesia’s police arrested a foreign national in Jakarta in connection to the discovery of 2.2 kilograms of crystal methamphetamine (meth) in a boarding house in Srengseng (West Jakarta). Jakarta Police spokesman Budi Widjanarko said that police action was taken based on intelligence about a syndicate that smuggles crystal meth into Indonesia from Nigeria. Reportedly, this syndicate is led by a Jakarta prison inmate. Recent history shows that Indonesian authorities are very strict on drug-related crimes.

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