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Today's Headlines Terrorism

  • Stock Market & Rupiah Update Indonesia: Back in the Red

    Stock Market & Rupiah Update Indonesia: Back in the Red

    Stock indices in Asia were mixed on Wednesday (18/11), while most emerging market currencies depreciated against the US dollar. The Indonesian rupiah was under pressure - touching a six week low - after the central bank (Bank Indonesia) cut the primary minimum statutory reserves from 8.00 percent to 7.50 percent (effective per 1 December 2015), hence providing local financial institutions approximately USD $1.8 billion more in liquidity. However, it may not be enough to trigger an increase in lending as banks are more focused on lending quality than quantity.

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  • Asian Stocks Rebound; Bank Indonesia's Policy Meeting in Focus

    Asian Stocks Rebound; Bank Indonesia's Policy Meeting in Focus

    In line with other Asian stock indices, Indonesia's benchmark Jakarta Composite Index rebounded sharply on Tuesday (17/11), boosted by the performance on Wall Street overnight where the major indices rose more than one percent. Positive sentiments are caused by a big jump in oil prices, while worries about the negative impact of the terrorist attack in Paris proved unfounded. By 11:55 am local Jakarta time, the Jakarta Composite Index was up 1.59 percent to 4,512.64 points. Meanwhile, the Indonesian rupiah had appreciated 0.12 percent to IDR 13,732 per US dollar by the same time (Bloomberg Dollar Index).

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  • Paris Terrorist Attacks Not to Disturb Trade between Indonesia & France

    Paris Terrorist Attacks Not to Disturb Trade between Indonesia & France

    The terrorist attacks in Paris last week are not expected to jeopardize Indonesia's trade with France or the European Union. France is expected to tighten the flow of people, but not the flow of goods after the terrorist attacks on Friday (13/11) that led to the deaths of at least 129 people as well as hundreds of injured people. In 2014 trade between Indonesia and France totaled USD $2.35 billion, down 11 percent from the preceding year. Indonesian exports to France stood at USD $1.02 billion (exports only involved non-oil & gas products), while Indonesia's imports from France stood at USD $1.33 billion in 2014.

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  • Indonesia Stock Market Update: Asian Markets down after Paris Terrorist Attacks

    Indonesia Stock Market Update: Asian Markets down after Paris Terrorist Attacks

    On the first trading day after the terrorist attacks in Paris (leaving 129 people dead and hundreds injured), stocks declined in Asia as investors are cautious. Although markets had one weekend to digest the news, it is still expected that the tragedy in Paris will cause a sharp yet short-term impact on global equity markets. Apart from terrorism, volatile oil prices as well as concern about China's economy and uncertainty about the timing of a US interest rate hike continue to plague markets.

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  • International Relations Indonesia: Joko Widodo, David Cameron & Singapore

    International Relations Indonesia: Joko Widodo, David Cameron & Singapore

    Today (28/07), Indonesian President Joko Widodo, who is often referred to as Jokowi, went on his first state visit to Singapore where he will discuss trade, investment and bilateral issues with Singaporean President Tony Tan Keng Yam, Prime Minister Lee Hsien Loong, and 150 Singaporean CEOs in a bid to enhance cooperation between both nations. President Widodo is accompanied by Indonesian Trade Minister Rachmat Gobel, Chief Economics Minister Sofyan Djalil, and Foreign Affairs Minister Retno Marsudi, among others.

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  • Terror Threat Indonesia: Islamic State in Indonesia?

    Terror Threat Indonesia: Islamic State in Indonesia?

    In the past few days, American and Australian authorities announced to detect a high degree of potential terrorist attacks in Indonesia, reportedly related to the Islamic State in Iraq and Syria (ISIS) movement. ISIS is an outlawed movement in Indonesia but does have sympathizers in the world’s largest archipelago containing the world’s largest Muslim population (about 210 million Muslims). Last Saturday (03/01), the US embassy issued a security warning for US-associated hotels and banks in the city of Surabaya (East Java).

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  • Future of Malaysia Airlines Uncertain after Two Boeing 777 Accidents

    The second major disaster involving an airplane of Malaysia Airlines within the time span of a few months can lead to bankruptcy of the debt-ridden airliner. On Friday (18/07), one day after the crash of the Boeing 777, which was presumably shot down by pro-Russia separatists in Ukraine, shares of the company slid 11 percent on the Malaysia Stock Exchange. This year so far, its shares have declined 36 percent. Malaysia Airlines has not been able to post a profit in the last three years amid fierce competition and the high oil price.

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  • Global Markets Down on Geopolitical Tensions & Malaysia Airlines Crash

    Geopolitical tensions between Israel and Palestine as well as the Malaysia Airlines Boeing that was shot down above eastern Ukraine territory yesterday (17/07) amid hostilities between Ukraine and pro-Russian separatists, have had a significant impact on global markets. Global stock indices have fallen, led by indices on Wall Street, while the US dollar and prices of gold and other precious metals appreciate as investors are in search of safe havens. The higher oil prices contribute to weaker emerging currencies.

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  • Malaysia Airlines Boeing 777 Crashed in Ukraine; Presumably Shot Down

    A Boeing 777 airplane (flight number MH17) of Malaysia Airlines, flying from Amsterdam (the Netherlands) to Kuala Lumpur (Malaysia) has crashed in eastern Ukraine about 50 kilometers from the borderline with Russia on Thursday (17/07). Reportedly, the airplane was shot down. Supporting evidence for this assumption is debris and body parts that have been found spread across a wide area (more than 15 kilometers wide), indicating an explosion at a high altitude. The Boeing carried 280 passengers and 15 crew members. All are feared dead.

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  • Use of Bitcoin as Payment Instrument Banned by Indonesia's Central Bank

    The use of bitcoin, the hotly debated digital currency that was launched in 2009, is banned by the central bank of Indonesia (Bank Indonesia). This week, Bank Indonesia released a press release in which it states that the bitcoin and other virtual currencies are not considered as currencies nor legal payment instruments in Indonesia. After China, Denmark and Russia, Indonesia has become the next country to ban the use of the bitcoin as it can jeopardize the country's financial stability according to the assessment of the bank.

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Latest Columns Terrorism

  • Radical Islam in Indonesia: Police Arrests 5 Suspected Militants

    Radical Islam in Indonesia: Police Arrests 5 Suspected Militants

    On Tuesday (15/08) Indonesian Police arrested five suspected Islamic State (IS) sympathizers. Meanwhile, various bomb making chemicals were seized in the houses of the five suspected Islamic militants. The arrests and confiscation of materials occurred in the city of Bandung (West Java). The five arrests involve one married couple and three men.

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  • Stock & Currency Markets Are Getting Used to Terror Attacks

    Stock & Currency Markets Are Getting Used to Terror Attacks

    Despite the suicide bombs attack in Jakarta on Wednesday evening (24/05) that killed 3 police officers (and the two militants) at a Jakarta bus station, the Jakarta Composite Index rose after opening on Friday (26/05), while the rupiah only weakened slightly against the US dollar (Thursday was a public holiday). It is yet another example of the fact that markets around the globe have become used to the existence of militant attacks. Particularly a relatively small attack will not lead to any negative sentiments.

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  • G20 Summit & Indonesia: President Joko Widodo Speaks in Hangzhou

    G20 Summit & Indonesia: President Joko Widodo Speaks in Hangzhou

    At the G20 summit in Hangzhou (China) Indonesian President Joko Widodo urged the leaders of the 20 strongest economies, in particular leaders of the advanced economies, to curb protectionist measures (tariff and non-tariff barriers) as these measures entail negative consequences for emerging markets. Trade could be the engine of international economic growth. Protectionism, however, undermines the flow of trade and therefore blocks accelerated economic growth. Widodo made this statement on Monday (05/09) at the third session of the G20 summit in Hangzhou's International Expo Center.

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  • Radical Islam in Indonesia: Lone Wolf Attack in Catholic Church

    Radical Islam in Indonesia: Lone Wolf Attack in Catholic Church

    The 17-year-old Ivan Armadi who tried to kill a Catholic priest and detonate a self-made bomb during the Sunday service (28/08) in a church in Medan (North Sumatra) is one example of the Islamic State sympathizers that are present in Indonesia. Although the police investigation indicates that there are no direct links between Armadi and existing militant networks within Indonesia or abroad, the case shows that there are so-called "lone-wolves" in Indonesia who are inspired by radical Islamic doctrine and can learn to make bombs from the Internet.

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  • Australia Warns about Possible Islamic Terrorist Attacks in Indonesia

    Australia Warns about Possible Islamic Terrorist Attacks in Indonesia

    In an update on Thursday (25/02) Australian authorities advised the public to exercise a high degree of caution in Indonesia as recent indications suggest that Islamic militants may be in an advanced stage of preparing violent attacks in Indonesia. Australia warns about possible terrorist attacks throughout Indonesia (including Bali and Jakarta) and it specifically discourages journeys to Central Sulawesi, Papua and West Papua. On Thursday 14 January 2016 Islamic militants engaged in attacks in Central Jakarta, resulting in eight casualties (including the four terrorists).

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  • Tourism in Indonesia: Record High Number of Foreign Visitor Arrivals

    The total number of foreign tourist arrivals to Indonesia in 2014 was 9.44 million, up 7.19 percent from the preceding year, meaning that the government target of welcoming 9.3 million foreign tourists last year was achieved. As usual, most foreign tourists entered Indonesia through the Ngurah Rai International Airport in Bali, the most famous tourist destination in the world’s largest archipelago. During the whole year of 2014 a total of 3.71 million foreigners spent some time on Bali.

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  • Tourism in Indonesia: Terrorism, Infrastructure and Asean Common Visa

    Tourism in Indonesia: Terrorism, Infrastructure and Asean Common Visa

    Tourism in Indonesia has posted impressive growth rates in recent years. This development is due to the fact that Indonesia has plenty of beautiful sites and cultural traditions to offer to foreign (and domestic) tourists, improved airline accessibility to Indonesia, and enhanced focus on promotional campaigns in foreign countries. Lastly, and not unimportantly, there have been no violent terrorist attacks in recent years. In the 2000s, a vicious terrorist attack always resulted in a temporary drop in foreign tourist arrivals.

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  • Tourism in Indonesia: One of Indonesia's Untapped Potentials? (Part I)

    Tourism in Indonesia Untapped Potential - Richard van der Schaar

    Whenever the topic of tourism in Indonesia is touched upon, most people will instantly think of Bali. This small but famous island harbors all sorts of entertainment that will appeal to various segments of international tourism: beautiful landscapes, Balinese Hinduism, lively nightclubs, beaches and more. But apart from Bali - and despite the fact that Indonesia has much to offer on other islands - the country has disappointed in attracting a large amount of foreign tourists so far.

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  • First Execution in Indonesia Since 4.5 Years and Muslim Militants Killed in Raid

    First Execution in Indonesia Since 4.5 Years and Muslim Militants Killed in Raid

    Last Thursday night, a Nigerian drug dealer, imprisoned since 2004, was executed by firing squad near Kepulauan Seribu to the north of Jakarta's coast. This execution is the first since the execution of three Islamic radicals (who were involved in the 2002 Bali bombings) in 2008. Meanwhile, on Friday morning, counter-terrorism squad Densus 88 killed three suspected Muslim militants that robbed a jewelry store in Tambora, West Jakarta.

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