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.

  • Yudhoyono Appoints Lukman Saifuddin as New Religious Affairs Minister

    Indonesian President Susilo Bambang Yudhoyono, who will end his second term as president in October 2014, is expected to appoint Lukman Saifuddin as the new Minister of Religious Affairs on Monday (09/06) or Tuesday (10/06) next week. The position of Religious Affairs minister has been vacant since Suryadharma Ali stepped down from his post in late May 2014 to focus on his defense after being named a suspect (by the country’s Corruption Eradication Commission, KPK) in the hajj pilgrimage fund-corruption case.

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  • Bank Indonesia: Consumer Confidence in Indonesia Increases in May 2014

    According to Bank Indonesia's consumer confidence survey, Indonesian consumers were more optimistic in May 2014 compared to the previous month. Consumer confidence in Southeast Asia's largest economy increased to 116.90 in May 2014 from 113.90 in April. The increase indicates that Indonesian consumers are more optimistic about the current condition of the Indonesian economy as well as conditions in the coming six months. The result in May 2014 was also higher than in the same month in 2013 (112.8).

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  • Milk Industry of Indonesia Dependent on Imports to Meet Domestic Demand

    Indonesia is yet to achieve self-sufficiency in the milk industry. The Indonesian Agriculture Ministry said that the country is for 60 percent dependent on milk imports (particularly from Australia and New Zealand) to meet domestic demand. Currently, domestic milk demand in Indonesia stands at 3 million tons per year. However, only 1.2 million tons can be produced domestically. In the future the situation can worsen as domestic milk consumption grows 7 percent per year, whereas domestic milk production grows by 3.3 percent per year only.

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  • Indonesian Palm Oil Exports May Decline to 20 Million Tons in 2014

    The Indonesian Palm Oil Board (DMSI) expects exports of Indonesian crude palm oil (CPO) as well as its derivatives to fall about six to ten percent to 19-20 million tons in 2014 (from last year's export realization of 21.2 million tons). Lower CPO exports are primarily the result of Indonesia's mandatory biodiesel program which leads to increased domestic consumption of CPO. Traditionally, Indonesia exports about 75 percent of its total CPO production, particularly to the giant economies of China and India.

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Today's Headlines