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Today's Headlines Jakarta

  • Indonesian Culture: Annual Mudik Tradition ahead of Lebaran Has Begun

    The annual mudik tradition has started in Indonesia. The term mudik refers to the exodus of Indonesian workers from the cities back to their hometowns ahead of Lebaran (the Indonesian name for Idul Fitri) which starts on 28 July 2014. Lebaran, a national holiday (from 28 July to 1 August), marks the end of the holy fasting month of Ramadan and is usually celebrated at people’s places of origin, implying that Indonesian cities become more-or-less deserted for one week. In the week up to Lebaran people start to mudik.

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  • Jones Lang LaSalle: Condominium Sales in Indonesia to Break a Record

    Global real estate services firm Jones Lang LaSalle expects condominium sales in Indonesia to post a record-breaking figure in 2014, particularly supported by the current trend in Jakarta (Indonesia’s capital city) where people continue to shift to apartment living instead of detached or attached single-unit housing. Anton Sitorus, head of research at Jones Lang LaSalle, said that despite the weaker outlook for Indonesia’s property market, both developers and buyers have shown increased interest in developing and buying property.

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  • News Update Indonesian Presidential Election: Prabowo vs Jokowi

    News Update Indonesian Presidential Election: Prabowo vs Jokowi

    Since 07:00 am local time, Indonesians have been able to cast their votes for the country’s presidential election; a tight race between Joko Widodo and Prabowo Subianto. Despite the narrow gap between both presidential candidates (based on various surveys), the election has been conducted in good order so far. The polling stations will close at 13:00 pm local time. Hereafter, live quick count scores, which are traditionally quite accurate, will be presented. By approximately 17:00 pm local time, the quick counts are expected to be finalized.

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  • Foreign Tourist Arrivals to Indonesia Expected to Achieve Target in 2014

    After seeing foreign tourist arrivals to Indonesia reach 752,363 in May 2014, Indonesian Minister for Tourism and Creative Economy Mari Elka Pangestu stated that it is highly likely for Indonesia to achieve its target of 9.5 million foreign tourist arrivals this year. In the first five months of 2014, 3.70 million foreign tourists visited the world’s largest archipelago, a 9.96 percentage point growth compared to the same period in 2013 (which was 3.36 million). As usual, most foreign visitors entered Indonesia in Bali.

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  • Higher Domestic Consumption and Inflation during Ramadan and Lebaran

    Bayu Krisnamurthi, Indonesian Deputy Trade Minister, expects that domestic consumption will rise by approximately 40 percent during the holy Islamic fasting month of Ramadan, which starts on 28 June 2014, and subsequent Idul Fitri (Lebaran) celebrations. Traditionally, this period of festivities brings along inflationary pressures as consumers spend more money on food, transportation, clothes and souvenirs. Moreover, Krisnamurthi stated that the center of consumption will shift to the regions.

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  • Jakarta's Infrastructure Development Makes Property Investment Lucrative

    Colliers International, a leading global commercial real estate firm, expects West and South Jakarta to become promising locations for the development of high-rise (office) buildings. Associate Director for Research at Colliers International Ferry Salanto explained that Jakarta's infrastructure development plans - in particular new road construction - are the main reason why prospects of property development have become more promising in the Kebon Jeruk (West Jakarta) and T.B. Simatupang (South Jakarta) areas.

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  • Jakarta May Face Clean Water Crisis by 2025 if Not Acted Upon Now

    Jakarta May Face Clean Water Crisis by 2025 if Not Acted Upon Now

    Lately, concerns have arisen that Jakarta, the capital city of Indonesia, and its immediate surroundings are threatened to experience a clean water crisis by 2025. Clean water, which is produced by two private operators - PAM Lyonnaise Jaya (Palyja) and Aetra Air Jakarta - currently totals 18.7 m3 per second. However, by 2025, demand for clean water will reach 41.3 m3/second as the population of Jakarta is estimated to grow to 14.6 million people from 9.6 million currently (the unofficial figure is possibly much higher).

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  • Jakarta's Kota Tua Revitalization Program Inaugurated by Joko Widodo

    At the end of last week, Jakarta Governor Joko Widodo (better known as Jokowi) inaugurated the Kota Tua revitalization program in North Jakarta. Kota Tua (Old Batavia) is the oldest part of Jakarta, spanning 1.3 square kilometres, and used to be the center of Dutch colonial rule in the 17th and 18th century (in the 19th century the Dutch moved its administrative center to the south). Today, Kota Tua still breathes a colonial atmosphere through the old architecture and museums, attracting tourists on a daily basis.

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  • Foreign Tourist Arrivals to Indonesia Jump 22.6% in January 2014

    Foreign Tourist Arrivals to Indonesia Jump 22.6% in January 2014

    The number of foreign tourists that visited Indonesia in January 2014 surged 22.6 percent to 753,079 from the same month last year. As usual, most tourists entered Indonesia through the Ngurah Rai International Airport in Bali, the most popular tourist destination of foreigners, followed by Jakarta's Soekarno-Hatta International Airport and Batam. A remarkable growth was detected in foreign visitor arrivals in Lombok, growing by 374 percent (yoy). However, this development was not explained by Statistics Indonesia in its press conference.

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  • Temporary Slowdown of Jakarta's Property Market due to 2014 Elections

    Temporary Slowdown of Jakarta's Property Market due to 2014 Elections

    Jakarta's property market remains prospective despite Indonesia's slowing economy and the upcoming legislative and presidential elections (scheduled for 9 April and July 2014). Luke Rowe, Technical Advisor at Jones Lang LaSalle Indonesia, said that the apartment (particularly luxurious apartments) and condominium segments in Indonesia's capital city will continue to post growth as they have done in recent years. Generally, around 90 percent of the units of a new project are sold before construction is finished.

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Latest Columns Jakarta

  • How Are Jakarta’s Authorities & Residents Handling the COVID-19 Crisis?

    How Are Jakarta’s Authorities & Residents Handling the COVID-19 Crisis?

    Better late than never! On 10 April 2020 large-scale social restrictions were imposed in the capital city of Jakarta through Jakarta Gubernatorial Regulation No. 33/2020, and Jakarta Gubernatorial Decree No. 380/2020. The regulation and decree, which both aim at curtailing the further spread of the coronavirus (COVID-19) in Jakarta, were imposed around five weeks after the very first COVID-19 case was confirmed in Indonesia (namely in Depok, a city located within the Jakarta metropolitan area).

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  • Jakarta; the Sinking, Choking Metropolitan Capital City of Indonesia

    Jakarta; the Sinking, Choking Metropolitan Capital City of Indonesia

    It was reported in media around the globe near the end of July 2019 that Indonesia’s capital city of Jakarta has been constantly ranked in the top 10 of the world's most polluted cities over the past two months (based on AirVisual’s World Air Quality Index, AQI). And, for several days in July 2019 this mega-city was even ranked as the world's smoggiest city.

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  • Investment Climate: Jakarta Administration Revokes Principle Permits Island Reclamation Project

    Investment Climate: Jakarta Administration Revokes Principle Permits Island Reclamation Project

    On Wednesday 26 September 2018 the local Jakarta administration decided to revoke private developers’ principle permits for the development of 13 artificial islands (reclaimed islands) in the bay north of Indonesia's capital city of Jakarta. The decision was hardly a surprise. After Anies Baswedan was elected Governor of Jakarta in 2017 it was assumed that the end of the grand project was near.

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  • Jakarta Administration Revokes Principle Permits Reclaimed Islands

    Jakarta Administration Revokes Principle Permits Reclaimed Islands

    The local Jakarta administration has officially revoked principle permits for the development of 13 artificial islands (reclaimed islands) in the bay of Indonesia's capital city of Jakarta. For now, the decision means a complete stop to all activities related to the ambitious land reclamation project north of Jakarta.

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  • Infrastructure in Indonesia: Jakarta-Soetta Airport Train Launched

    Infrastructure in Indonesia: Jakarta-Soetta Airport Train Launched

    In his quest to improve infrastructure in Indonesia, President Joko Widodo inaugurated the railway service that links the capital city of Jakarta to the Soekarno-Hatta International Airport, Indonesia's busiest airport, on Tuesday (02/01). With the new train, called Railink, people can reach the airport - located about 30 kilometers to the northwest of Jakarta - in about one hour.

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  • Will Indonesia Move the Capital Away from Jakarta & Java Island?

    Will Indonesia Move the Capital Away from Jakarta & Java Island?

    The Indonesian government is still studying the possibility of building a new capital city in Indonesia, thus replacing Jakarta that has become overcrowded with approximately 10 million official residents (the real figure may be much higher as many unregistered Indonesians live in the capital). Moreover, every morning there is a huge inflow of people (originating from the satellite cities around Jakarta) who are heading to their office or place of work. This causes great pressure on the city's fragile infrastructure.

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  • What Can Investors Learn from Jakarta's Land Reclamation Project?

    What Can Investors Learn from Jakarta's Land Reclamation Project?

    The future of the ambitious land reclamation project in the bay of Indonesia's capital city of Jakarta is highly uncertain now Anies Baswedan has been elected as next Jakarta governor. Baswedan and his running mate Sandiago Uno have repeatedly expressed their objection to the reclamation project, while defeated Jakarta governor Basuki Tjahaja Purnama (Ahok) was a major supporter of the project.

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  • Politics in Indonesia: Why is the Jakarta Election Important?

    Politics in Indonesia: Why is the Jakarta Election Important?

    Jakarta's gubernatorial election is important for two reasons: (1) it is an important test case to determine the current state of religious and ethnic tolerance (pluralism) within Indonesia, and (2) it forms a prelude to Indonesia's 2019 presidential and parliamentary elections. Today, the second round of the Jakarta gubernatorial election is held, a tight race between incumbent Governor Basuki Tjahaja Purnama (Ahok) and former education minister Anies Baswedan.

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  • Politics Indonesia: Update Jakarta Gubernatorial Election

    Politics Indonesia: Update 2nd Round Jakarta Gubernatorial Election

    Indonesian President Joko Widodo declared Wednesday 19 April 2017 a public holiday for citizens in Indonesia's capital city of Jakarta. This decision, made through a presidential decree, will make it easier for locals to cast their votes in the second round of the Jakarta gubernatorial election, a tight race between incumbent Governor Basuki Tjahaja Purnama (better known as Ahok) and former education minister Anies Baswedan.

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