Below is a list with tagged columns and company profiles.

Today's Headlines Singapore

  • Luxury House Prices in Jakarta Rise 34% (YoY) in Second Quarter 2013

    According to property consulting services company Jones Lang LaSalle, Jakarta is showing the steepest increase in prices of luxury houses among several Asian cities that have been monitored. In the second quarter of 2013, prices of luxury houses in Jakarta increased 34.2 percent year on year, followed by Beijing with a 18.7 percent price growth rate. The only city that saw a depreciation of luxury house prices was Singapore (-2.1 percent). Luxury house prices in Jakarta grew nine percent compared to the first quarter of 2013.

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  • Increasing Cases of Piracy in Indonesian Ports and Waters

    Despite a global drop in piracy incidents in the first half of 2013, Indonesia has experienced a 50 percent surge in pirate attacks to 43 incidents in the same period. Total worldwide pirate attacks in Semester I-2013 fell to 138 cases (from 177). The location where most incidents take place in Indonesia are the waters around the Riau province, particularly around the ports in Dumai and Belawan. "Within Southeast Asia, most of the attacks occur on Indonesian anchorages [not when ships are sailing]" according to the International Maritime Bureau.

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  • Indonesia's Most Populous Island Java Continues to Dominate the Economy

    The economy of Indonesia continues to be dominated by the island of Java, Indonesia's most populous island with around 130 million people or 60 percent of Indonesia's total population. In the second quarter of 2013, Java contributed 58.15 percent to the nation's total economic growth. Far behind Java are Sumatra (23.90 percent) and Kalimantan (8.73 percent). Within Java, the Greater Jakarta area accounts for 16.50 percent of the country's total economic growth, followed by East Java (15.21 percent) and West Java (14.05 percent).

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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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  • Bank Indonesia Approves DBS Group's 40% Stake in Bank Danamon

    Indonesia's central bank (Bank Indonesia) has approved Singapore's DBS Group to buy a maximum stake of 40 percent in Indonesia's Bank Danamon Indonesia, the sixth largest bank of Indonesia in terms of asset size. Last year, the DBS Group wanted to purchase a 67.73 percent stake, owned by Asia Financial Indonesia, in the bank but the purchase was delayed as Indonesian regulators wanted to limit foreign ownership in the country's financial sector due to fears of foreign domination.

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  • Market Capitalization of Indonesia's Stock Exchange Grows Strong

    Market capitalization of the Indonesia Stock Exchange (IDX) has surpassed its psychological boundary of IDR 5,000 trillion (USD $512.82 billion) last week, supported by the new record high level position of the Indonesia Stock Index (IHSG) on Friday at 5,145.68 points. Up to 17 May 2013, the IHSG gained 18.41 percent this year, thus outperforming all other major stock indices in Asia except for the Philippines and Japan's Nikkei, which gained 41.64 percent this year amid an aggressive stimulus plan of the central bank of Japan.

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  • Indonesia Still the Second Largest Car Sales Market in the ASEAN Region

    Regarding car sales in the ASEAN region, Indonesia still trails behind Thailand according to recent data from the ASEAN Automotive Federation (AAF). In the first two months of 2013, Thailand's car sales increased 51.9 percent (YoY) to 255,727 car units, while Indonesia's car sales only increased 22.7 percentage points to 199,974 vehicles. Thailand controls about 43.5 percent of the ASEAN region's sales market. Indonesia comes in on second place with 34.0 percent market share.

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  • Increased Imports and Declined Exports Result in Indonesia's Trade Deficit

    Exports have always been an important asset to Indonesia's economy. Throughout history, Indonesia recorded a continuous series of trade surpluses. In 2012, however, the country recorded its first ever trade deficit as imports rose (partly due to increased demand of the Indonesian people), while exports declined due to global turmoil and uncertainty. A trade deficit is a new phenomenon to Indonesians and has caused some anxiety in the country.

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  • More Air Traffic Between Indonesia and Singapore Agreed Upon

    Several Indonesian media reported that a deal has been reached between the governments of Singapore and Indonesia that will foresee in an increase of flights (accompanied by a lowering in fares) between Singapore and several big cities in Indonesia (including Jakarta, Surabaya and Medan). The route Jakarta-Singapore is one of the busiest airline routes in Asia, mainly due to business traffic because of (growing) trade and investments flows between the two countries.

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Latest Columns Singapore

  • Studying Abroad More Expensive for Indonesians as Rupiah Weakens

    Studying Abroad More Expensive for Indonesians as Rupiah Weakens

    Indonesia's heavily depreciated rupiah makes it more difficult for Indonesians to study abroad or to send their children to universities abroad without having the financial aid in the form of a scholarship. For those that are thinking of making such a decision, they need to take into account the performance of the Indonesian rupiah as well as the inflation outlook in the country of destination. So far in 2015, the Indonesian rupiah has depreciated 18 percent against the US dollar, 9 percent against the euro, 14 percent against China's yuan, and 2.4 percent against the Australian dollar.

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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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  • Foreign Direct Investment in Indonesia Hit Record High in 2014

    Foreign Direct Investment in Indonesia Hit Record High in 2014

    The Indonesia Investment Coordinating Board (BKPM) announced that foreign and domestic direct investment realization in Indonesia totalled IDR 463.1 trillion (USD $37 billion) in 2014, a 16.2 percent increase from the previous year and exceeding the target that was set previously. This is a positive result as 2014 was expected to be a rather bleak year in terms of direct investment amid political uncertainties triggered by the (fragmented results) of the country’s legislative and presidential elections.

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  • Contrary to Global Trend Indonesian Stocks and Rupiah Strengthen

    Despite the fact that foreign investors continued to record net selling (IDR 216.9 billion) and despite mostly declining stock indices in Southeast Asia, the benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) rose 0.19 percent to 4,922.59 points on Tuesday’s trading day (14/10). The IHSG was particularly supported by rising consumer and manufacturing stocks. Indonesian stocks were also supported by the appreciating rupiah exchange rate.

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  • Press Release: Indosat-Novosol Partnership: A Treat for Football Fans

    Indosat, one of Indonesia's largest telecommunication networks and services provider, has partnered with Novosol, a Singapore headquartered mobile media and advertising company. Indosat will offer Novosol's MoFutbol multimedia mobile magazine to its fifty million plus subscribers at no charge. MoFutbol is a 24x7 magazine videos, photo-stories and real time scrollers. MoFutbol is the first multimedia mobile football service in the Indonesian language. The Mandarin and Malay editions will follow soon.

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  • Corruption Scandal: Head of SKK Migas Arrested on Alleged Bribery Charges

    Corruption Scandal: Head of SKK Migas Arrested on Alleged Bribery Charges

    Late on Tuesday evening (13/08), the Corruption Eradication Commission (KPK) arrested Rudi Rubiandini, head of the Upstream Oil and Gas regulatory special task force (SKK Migas) for allegedly accepting bribes amounting to USD $400,000 from Kernel Oil Pte Ltd, which is headquartered in Singapore. Four other people were also arrested in connection with this case. Rubiandini is currently being questioned by the KPK. The institution has one day to determine Rubiandini's legal status.

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  • Investment Realization in Indonesia USD $19.8 billion in Semester I-2013

    Foreign and Domestic Investment Realization in Indonesia 2013

    Investment realization in Indonesia grew 30.2 percent to IDR 192.8 trillion (USD $19.8 billion) in the first six months of 2013 (compared to the same period last year). This result implies that 49.4 percent of the investment target for full 2013 has been achieved. The Indonesia Investment Coordinating Board (BKPM) aims to collect IDR 390.3 trillion in investments this year. This target is divided in domestic direct investment (DDI) of IDR 117.7 trillion and foreign direct investment (FDI) of IDR 272.6 trillion.

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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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