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.

  • Bank Indonesia Comfortable with Weak Rupiah to Improve Current Account

    The Indonesian rupiah exchange rate depreciated 0.79 percent to IDR 12,932 per US dollar according to the Bloomberg Dollar Index on Friday (27/02), its weakest level since end 2008, after the country’s central bank (Bank Indonesia) said it would not intervene too much to support the currency. Bank Indonesia said that it has no target level for the rupiah and will not go against the market. For the market these are signals that the central bank is comfortable with a weaker currency as that would improve the trade balance.

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  • Astra International: 2014 Profit of Indonesia’s Largest Firm Slightly Down

    Indonesia’s largest listed company in terms of market capitalization and one of the country’s largest diversified conglomerates, Astra International (which is often labelled the barometer of the Indonesian economy due to the company’s presence in various sectors, from car distribution to plantations, financial services and heavy equipment) posted mixed results in 2014. Based on Astra’s latest corporate earnings report, its full-year 2014 net profit fell 1.2 percent year-on-year (y/y) to IDR 19.2 trillion (USD $1.5 billion).

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  • Indonesian Fashion Week: Turning Indonesia into Global Fashion Center?

    Within the creative economy industry, the fashion sector of Indonesia is the second-largest contributor to the country's gross domestic product (GDP), after culinary. At the opening of the fourth Indonesian Fashion Week, Indonesian Tourism Minister Arief Yahya stated that fashion contributes IDR 200 trillion (USD $15.6 billion) to the country’s GDP. The Indonesian Fashion Week, organized by the Association of Indonesian Fashion Designers (APPMI), is part of an ambition to turn Indonesia into a world center for fashion by 2025.

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  • What Impacts on the Indonesian Rupiah Today? Fed, China, Greece & Inflation

    After Federal Reserve Chairwoman Janet Yellen indicated that the US central bank will be patient in raising the interest rate environment in the world’s largest economy, Indonesian assets gained on Wednesday (25/02). Both the benchmark Jakarta Composite Index and rupiah exchange rate strengthened 0.51 percent yesterday. Apart from increased speculation that the Fed will not raise interest rates before summer, expectation that Greece will avoid a disastrous default brought more positive market sentiments.

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