In late 2012, the local Jakarta government decided to increase the monthly minimum wage to IDR 2.2 million (US $229), a 44 percent increase from the previous standard. This rigorous change was one of the first policy changes of the newly elected Joko Widodo administration. Joko Widodo (often referred to as Jokowi) enjoys huge popular support and, similar to Barrack Obama at the start of his reign, provides hope to Jakartans, who have high expectations of his administration.
Update COVID-19 in Indonesia: 248,852 confirmed infections, 9,677 deaths (21 September 2020)
21 September 2020 (closed)
USD/IDR (14,951) +2.00 +0.01%
EUR/IDR (17,446) +13.55 +0.08%
Jakarta Composite Index (4,999.36) -59.86 -1.18%
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.
Today, Jakarta was hit again by floods, brought on by heavy rainfall, that reached up to 50 centimeters at some locations and paralyzed part of Jakarta's traffic. Barely two weeks ago, Indonesia's capital city had experienced sustained floods that took the lives of more than 20 people and resulted in losses totaling US $3.3 billion. It might not be Jakarta's last day of floods as the rainy weather conditions are forecast to continue in February.
The corruption scandal which led to the resignation last week of Luthfi Hasan Ishak, chairman of the Prosperous Justice Party (PKS) - Indonesia's fourth-largest political party - is likely to make more victims in the party, and will put the Muslim-party in a negative light. The Corruption Eradication Commission (KPK) stated that the corruption scandal might involve more people within the PKS, including the party’s new chairman, Anis Matta and Agriculture minister Suswono.
Indonesia is a country with great tourist potential. It has beautiful and varied landscapes, rich cultures, and vibrant cities. Foreign appreciation for Indonesia's tourism sector can be concluded from the continued rising number of foreign tourists in recent years. Today, Statistics Indonesia published the official figures for 2012. According to the institution, Indonesia was visited by 8.04 million foreign tourists in 2012. Moreover, this result meant that the government target was met.