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.

  • Indonesia's Electricity Tariffs Raised to Curb Energy Subsidy Spending

    Perusahaan Listrik Negara (PLN), Indonesia's state-owned company that has a monopoly on the supply and distribution of electricity in Indonesia, introduces the final installment of this year's electricity price hike today (01/10). Electricity tariffs are raised by 4.3 percent each quarter of 2013 as the government tries to curb huge energy subsidies. Poorer households (450 to 900 VA) are not affected by these price adjustments. After the price hikes in January, April, July and October, electricity tariffs will have risen about 15 percent in total in 2013.

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  • Indonesia Popular as Investment Target for Hotel Construction

    Investors regard Indonesia as one of the most attractive countries in terms of tourism. This statement is evidenced by investments in Indonesia's hotel construction sector. In 2012, Indonesia was ranked third of the whole Asian region in terms of largest investments in hotel construction. Total investments - both domestic and foreign investments - in this sector of Southeast Asia's largest economy amounted to USD $869.8 million in 2012, a 210 percent increase compared to the previous year.

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  • Company Profile of XL Axiata: a Leading Cellular Operator in Indonesia

    Indonesia Investments updated the company profile of XL Axiata. The company is one of Indonesia’s leading cellular service providers, offering various types of telecommunication products and services including Voice, SMS, Data, and other mobile telecommunication services to Indonesians through its extensive network in the country. However, Indonesia's telecommunication market has lost some of its glory as the mobile phone market has become saturated while competition remains rife.

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  • Indonesian Government Preparing Additional Policy Approach Package

    The government of Indonesia is busy preparing an extra package of policy responses aimed at stabilizing Indonesia's financial markets. Previously, the government had released a sort of 'rescue package' in late August after the rupiah depreciated sharply and the country's stock indices plunged. Panic had emerged due to the looming end of the Federal Reserve's quantitative easing program. Coupled with internal issues, it resulted in robust capital outflows from Indonesia. The new package will be released in October.

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Today's Headlines