• Australia Closes Car Industry, Opportunity for Indonesian Car Exports?

    Australia Closes Car Industry, Opportunity for Indonesian Car Exports?

    General Motors manufactured its last Holden car at the Adelaide factory on Friday (20/10), hence effectively ending the once-iconic Australian car industry. From now on Australians will have to buy cars that were imported from abroad. While other governments have been keeping national automotive industries alive after the financial crisis through bailouts, the Australian government saw no real economic reason to keep this industry alive.

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  • KKR Buys 12.6% Stake in Indonesia's Nippon Indosari Corpindo

    KKR Buys 12.6% Stake in Indonesia's Nippon Indosari Corpindo

    KKR & Co. L.P., the New York-based global investment company that is engaged in a wide variety of sectors including private equity, energy, infrastructure, real estate, credit, and hedge funds, acquired a 12.64 percent stake in Indonesia's largest producer of bread products, Nippon Indosari Corpindo, through KKR's Asian Fund III.

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  • Investment on Bali: 10th in Foreign Direct Investment Ranking

    Investment on Bali: 10th in Foreign Direct Investment Ranking

    Bali, the most popular tourist destination in Indonesia (and therefore an important destination for foreign direct investment, or FDI), is optimistic that it will achieve its full-year 2017 investment target. Ida Bagus Made Parwata, Head of Bali's Investment Board (BPMP), said the island targets to see IDR 12.4 trillion (approx. USD $918 million) worth of investment in 2017.

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  • Breaking: Indonesian Shares Close at Record High Beyond 6,000 Level

    Breaking: Indonesian Shares Close at Record High Beyond 6,000 Level

    Indonesia's benchmark Jakarta Composite Index touched a new all-time record high on Wednesday (25/10). More importantly, the benchmark index passed beyond the psychological boundary of 6,000 points and closed 1.23 percent higher at 6,025.43 points. This great performance was driven by Indonesia's energy and financial stocks.

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