Today's Headlines in Indonesia

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.

  • Lion Group to List on the Indonesia Stock Exchange in 2016

    The Lion Group, parent to Indonesia’s largest privately held airline Lion Mentari Airlines (Lion Air), targets to raise IDR 10 trillion (USD $820 million) by selling a 30 percent stake through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) in 2016. If realized, this would be one of the largest IPOs on the IDX in recent years. Lion Group CEO Rusdi Kirana confirmed the company’s IPO plans earlier this week. Part of the proceeds will be used to develop a new airport in Lebak (Banten, West Java).

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  • Indonesia’s Steel Industry Affected by Oversupply in China

    Irvan Kamal Hakim, Director at Krakatau Steel (Indonesia’s largest steel manufacturer), said that the domestic steel industry is still affected by prolonged concerns about excess steel supply in China, the world's largest steel producer. Amid slowing economic growth in the world’s second-largest economy, domestic steel demand in China has declined resulting in a global oversupply of 525 million tons. Each 1 percent decline in GDP growth in China results in an additional oversupply of 24 million tons of steel.

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  • Coal Mining in Indonesia: Coal Production & Export Update

    Indonesian coal exports seem not affected by the new licensing system - the ‘Listed Exporter’ status (Indonesian: Eksportir Terdaftar, ET) - that was implemented on 1 October 2014. Previously, it was feared that coal exports could plunge up to 20 percent in October as the new licensing system led to confusion. Various Indonesian mining companies said that they had difficulty to secure the new export permits. According to government data, Indonesian coal exports reached 31.4 million tons, up 22.2 percent from the previous month.

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  • Crude Oil Price Update: OPEC to Meet in Vienna to Discuss Falling Prices

    Global oil prices fell on Wednesday - with US oil declining to a new four-year low - amid expectation that the OPEC will not take significant action in response to the declining oil prices. The price of benchmark US light sweet crude or West Texas Intermediate (WTI) for delivery in January fell USD $0.40 to USD $73.69 per barrel on the New York Mercantile Exchange, the lowest price level since September 2010, while the European benchmark, Brent crude for January delivery fell USD $0.58 to USD $77.75 a barrel in London trading.

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Today's Headlines