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Today's Headlines Nuclear Program

  • Indonesia to Focus on Renewable Energy, Not Nuclear Power

    Indonesia to Focus on Renewable Energy, Not Nuclear Power

    Indonesia will most likely abandon its plans to establish four nuclear plants (with a combined capacity of 6 GW) by 2025. Sudirman Said, Indonesian Minister of Energy and Mineral Resources, recently said there are plenty of alternatives - especially renewable energy - in Indonesia to meet the government's target of 136.7 GW of power capacity by 2025 and 430 GW by the year 2050. Nuclear power is controversial due to health risks, environmental damage and nuclear proliferation (when used as a weapon). The nuclear disaster in Japan in 2011 highlighted the risks of tapping nuclear power.

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  • Stock Market Update Indonesia: Down on ECB, Nuclear Test & GDP Growth

    Stock Market Update Indonesia: Down on ECB, Nuclear Test & GDP Growth

    In line with the performance of most stocks in Asia, Indonesia's benchmark Jakarta Composite Index plunged 1.66 percent to 5,281.92 points on Friday (09/09). Several matters brought negative market sentiments to Asia: the European Central Bank (ECB) seems unwilling to boost asset purchases, North Korea conducted its fifth nuclear test, while Indonesia's central bank announced that the nation's retail sales expanded at a slower pace in July 2016. Meanwhile, the Indonesian rupiah depreciated 0.34 percent to IDR 13,108 per US dollar (Bloomberg Dollar Index).

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  • Indonesia Stock Exchange Today: Slight Gain as Investors Stay Cautious

    The Jakarta Composite Index (Indonesia's benchmark stock index, abbreviated IHSG) made a positive start on Monday (25/11). Investors were confident amid today's rising indices throughout Asia, brought on by the record breaking Dow Jones Index on Wall Street at the end of last week. However, this market optimism failed to provide a significant boost to the IHSG as the Indonesian rupiah exchange rate continued its downward spiral. The IHSG was up 0.39 percent to 4,334.80 points at the end of Monday's trading day.

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