Today's Headlines in Indonesia

The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines 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.

  • Moody's: Indonesia's Budget Deficit Under Control After Fuel Price Hike

    Credit rating agency Moody's Investors Service stated in a report released on Monday (24/06) that it is positive about the impact of the increase in price of subsidized fuel in Indonesia. Through this measure, the budget deficit of the Indonesian government is estimated to remain within 3 percent of GDP (the maximum threshold that is set by the government). Last Saturday (22/06), the price of gasoline was raised by 44 percent to IDR 6,000 and the price of diesel by 22 percent to IDR 5,500 despite widespread protests across the country.

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  • Indomobil Sukses Internasional: Strong Player in Indonesia's Car Industry

    Indomobil Sukses Internasional is - aside from Astra International - the leading Indonesian company in the country's automotive industry. Indomobil, established in 1976, is an integrated automotive business group which gains most of its revenues through its automotive business segment. Indomobil distributes various well-known international brands in Indonesia. These include Audi, Nissan, Renault, Suzuki, Volkswagen, and Volvo vehicles. With total Indonesian car sales reaching a record high in 2012, the company is engaged in a lucrative industry.

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  • Freeport Indonesia Resumes its Open-Pit Mining Activities

    Freeport Indonesia, subsidiary of American-based Freeport McMoran Copper and Gold, is allowed to continue its open-pit mining activities. The company was forced to halt its mining activities temporarily after an underground tunnel collapsed in mid-May, resulting in the deaths of 28 people. After a thorough evaluation by an independent team of investigators, Freeport is allowed to resume operations. The permission was granted by Indonesia's Ministry of Energy and Mineral Resources.

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  • Huge Forest Fires on Sumatra Endanger Singapore's Health and Economy

    Forest fires on the Indonesian island Sumatra have brought severe smog over Singapore's skyline for the past five days, reaching record breaking levels of air pollution in Southeast Asia's wealthy city state. The forest fires are believed to be caused by illegal slash and burn practice on Indonesia's forest-rich island of Sumatra (for palm oil expansion) and represent a recurring problem in the dry season. Besides the environmental disaster, the forest fires cause health issues as well as economic losses for Singapore.

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