• Indonesia’s January Tourist Arrivals Down on Chinese New Year

    Foreign tourist arrivals to Indonesia declined 3.99 percent year-on-year (y/y) to 723,039 tourists in January 2015 according to data from Statistics Indonesia released on Monday (02/03). The primary reason for this decline is that - this year - Chinese New Year fell in February, whereas last year this event fell in January thus boosting foreign tourist arrivals in January 2014. Therefore, it is expected that tourist arrivals in February 2015 will climb sharply neutralizing the decline in the previous month.

    Read more ›

  • Inflation Update Indonesia: 0.36% of Deflation in February

    Today (02/03), Statistics Indonesia (BPS) announced that Indonesia’s annual inflation eased further in February. Last month, inflation in Southeast Asia’s largest economy cooled to 6.29 percent year-on-year (y/y) - from 6.96 percent (y/y) in the preceding month - amid falling fuel prices as well as falling food prices (particularly chili) despite inflationary pressures triggered by higher rice prices. On a month-to-month (m/m) basis, Indonesia recorded 0.36 percent of deflation in February, the second straight month of deflation.

    Read more ›

  • Indonesian Rupiah Affected by China Central Bank’s Interest Cut

    The Indonesian rupiah - in line with other emerging Asian currencies - feels the negative impact of China’s interest rate cut. According to the Bloomberg Dollar Index, the rupiah had depreciated 0.40 percent to IDR 12,984 per US dollar at 11:10 am local Jakarta time on Monday (02/03), coming very close to the psychological boundary of IDR 13,000. Last Saturday (28/02), China’s central bank announced to cut its one-year deposit rate and the one-year lending rate by 25 basis points each to 2.50 percent and 5.35 percent, respectively.

    Read more ›

  • Indonesia Investments' Newsletter of 1 March 2015 Released

    On 1 March 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic matters such as a forecast for February inflation, an analysis of the rupiah exchange rate, news from the coal mining and palm oil sectors, Islamic finance, the IPO of Mitra Keluarga Karyasehat, and more.

    Read more ›