Below is a list with tagged columns and company profiles.

Today's Headlines Politics

  • Survey Shows High Degree of Confidence in Jokowi's Indonesia

    A survey from Saiful Mujani Research and Consulting (SMRC) shows that Indonesians' confidence in the performance of President Joko Widodo's government has risen. The survey signals that some 67 percent of the Indonesian population are satisfied with the government's performance, significantly higher compared to 42 percent in 2015. Reform-minded Widodo, often called Jokowi, has been in office since October 2014. However, he has to guide the nation amid global and domestic challenges (sluggish economic growth, low commodity prices and monetary policy changes of key central banks that trigger capital inflows/outflows).

    Read more ›

  • Regional Political Tensions: ASEAN Divided in South China Sea Case

    After an international tribunal came to the conclusion earlier this week that China has no legal claims to most of the South China Sea, there exists a lack of unity among Southeast Asian nations as well as the Association of Southeast Asian Nations (ASEAN) to respond to the matter. Among ASEAN officials there was no agreement to issue a joint statement regarding the ruling of the Hague-based Permanent Court of Arbitration as ASEAN member nations are split on the matter.

    Read more ›

  • Politics Indonesia: Joko Widodo to Decide for another Cabinet Reshuffle?

    There has been rising speculation in Indonesia in recent months that Indonesian President Joko Widodo will decide for another cabinet reshuffle as several ministers are held responsible for the disappointing performance of their ministries (that have reacted too slow to implement new government guidelines, for example those guidelines set in the series of economic policy packages that have been released since September 2015). On 12 August 2015, Widodo had already reshuffled his cabinet, replacing six ministers.

    Read more ›

  • Regional Elections in Indonesia: Indonesia Votes for Local Leaders

    Today (09/12) millions of Indonesians head to the ballot boxes to vote for new regional leaders i.e. nine provincial governors, 36 mayors, and 224 district heads. These elections are important as the process of decentralization in the post-Suharto era has transferred considerable authority and power to the regions. As such, the regions now have a larger role and greater responsibility regarding economic development. Around 100 million people are eligible to cast a vote in the world's third-largest democracy. Today, 9 December 2015, has been declared a public national holiday.

    Read more ›

  • Politics of Indonesia: House Approves 2016 State Budget

    Late on Friday evening (30/10), after 11 hours of discussion, Indonesia's House of Representatives (DPR) approved the 2016 State Budget. This is good news for the government as it now has the opportunity to reform fiscal policy and continue with its development programs. The government budget deficit is expected to rise to 2.15 percent of the country's gross domestic product (from 1.9 percent of GDP in the revised 2015 edition), a bit closer to the maximum three-percent-of-GDP rule that is allowed by Indonesian law.

    Read more ›

  • Joko Widodo Presents Indonesia’s 2016 State Budget Draft in Parliament

    On Friday (14/08) the Indonesian government unveiled its 2016 State Budget draft at a session in the House of Representatives (DPR). The draft is important as it shows government targets regarding the macroeconomy of Indonesia and it shows on what fields the government will focus in terms of public spending. The government - led by Indonesian President Joko Widodo - is optimistic that economic growth will finally rebound after four years of slowing economic growth as its 2016 GDP growth target was set at 5.5 percent (y/y).

    Read more ›

  • Political News Indonesia: Joko Widodo Reshuffles Cabinet

    Nearly one year after inauguration, Indonesian President Joko Widodo reshuffled his cabinet on Wednesday (12/08) due to the perceived disappointing performance of several ministers as Indonesia’s economy has continued to slow in 2015. Widodo installed six new ministers in a ceremony at the State Palace in Jakarta. The reshuffle aims to boost investors’ confidence in Indonesian assets. Today, the rupiah and Indonesian stocks are weakening severely due to China’s decision to devalue its yuan.

    Read more ›

  • Indonesian Stocks & Rupiah Down on China’s Yuan Devaluation

    Indonesian stocks are experiencing a remarkable fall on Tuesday (11/08). In the first trading session, the benchmark stock index (Jakarta Composite Index) plunged 2.15 percent to 4,646.95, its lowest level since early March 2014 and leading declines among Southeast Asian stock indices. Stocks in Asia have been hit by China’s decision to allow its currency to weaken against the US dollar (the yuan fell 1.6 percent against the US dollar after the move dragging down other Asian currencies including the Indonesian rupiah).

    Read more ›

  • Will Indonesia Ban Consumption & Distribution of Alcohol?

    After having banned the sale of alcoholic drinks in minimarkets, Indonesia may see the birth of another law concerning alcohol. Several secular and Islamic political parties seem to back a bill prohibiting the sale, production, distribution and consumption of drinks that contain over 1 percent alcohol. This bill is among the 37 so-called priority bills expected to be passed this year. Although the new bill had been first proposed in 2012 by two Islamic parties - National Development Party (PPP) and Prosperous Justice Party (PKS) - it had laid on the shelf.

    Read more ›

  • Political Update: Pact Awesome Indonesia & Red-White Coalitions

    Tensions within Indonesian parliament may have eased after the two opposing coalitions signed a limited power-sharing pact on Monday (17/11) after weeks of negotiations. This pact is expected to reinforce investor confidence in Indonesian politics amid improved political certainty. Previously, parliament was divided into two rival coalitions: the Awesome Indonesia Coalition (Koalisi Indonesia Hebat), which backs Indonesian President Joko Widodo, and the Red-White Coalition (Koalisi Merah-Putih), which is led by Prabowo Subianto.

    Read more ›

Latest Columns Politics

  • Politics Indonesia: Arcandra Tahar & Ignasius Jonan Back in Cabinet

    On Friday (14/10) Indonesian President Joko Widodo appointed Ignasius Jonan as Indonesia's new Energy and Mineral Resources Minister. Jonan is the nation's former Transportation Minister who was replaced by Budi Karya Sumadi in a cabinet reshuffle in late July 2016. Meanwhile, the position of Energy and Mineral Resources Minister had been empty (although for the time being filled by Coordinating Minister for Maritime Affairs Luhut Pandjaitan) after the dismissal of Arcandra Tahar in mid-August 2016.

    Read more ›

  • Economic Update Indonesia: What about Economic Growth in 2015?

    Although Indonesia’s economic growth slowed further in 2014, there is optimism that growth will accelerate in 2015 despite sluggish global economic conditions (curbing Indonesia’s export performance) and Bank Indonesia’s relatively high interest rate environment. Indonesia’s central bank has raised its BI rate several times over the past one and a half years in an effort to combat high inflation (caused by fuel price hikes), curb capital outflows ahead of US monetary tightening, limit the current account deficit and support the rupiah.

    Read more ›

  • History of Indonesia: Politics and the Economy under Sukarno

    By the mid-1960s, politics and the economy of Indonesia had turned into disaster. After Independence in 1945 (and the cessation of hostilities with the Dutch in 1949), the young nation was plagued by hostile internal politics in which several political forces - consisting of the army, nationalists, Muslims, and communists - opposed each other. For over a decade, Sukarno, Indonesia’s first president, had reasonable success in keeping these forces in check by the force of his own personality. However, by the mid-1960s his failure became evident.

    Read more ›

  • Indonesian Stocks & Rupiah Strengthen on Politics and Fuel Price Hike

    Indonesian stocks and the rupiah have rebounded on Friday due to several internal and external factors. During the first trading session on Friday (17/10), the benchmark stock index of Indonesia (Jakarta Composite Index, or IHSG) surged 0.94 percent to 4,998.14 points. Meanwhile, based on the Bloomberg Dollar Index, the Indonesian rupiah exchange rate had appreciated 0.26 percent to IDR 12,228 per US dollar by 12:30 pm local Jakarta time. Why do Indonesian stocks and the rupiah perform well on Friday?

    Read more ›

  • Moody’s Investors Service Positive about Indonesia’s Economy

    Global credit rating agency Moody’s Investors Service stated that it maintains a stable outlook for Indonesia’s sovereign and corporate debt rating in the next quarters due to the country’s healthy credit fundamentals, solid macroeconomy, and reduced political tensions. Moody’s believes that Indonesia’s fundamentals are strong enough to offset the negative impact of external pressures such as looming higher US interest rates and slowing economic growth in China. Moody’s had raised Indonesia’s sovereign debt rating to investment grade in late 2011.

    Read more ›

  • Performance of the Indonesian Rupiah & Stocks in the Past Week

    Amid political uncertainty and a looming increase in US interest rates, Indonesian stocks and the rupiah exchange rate weakened considerably in the past week. Market participants are increasingly concerned about the situation in Indonesia’s parliament where a majority of political parties - named the Merah-Putih coalition (led by defeated presidential candidate Prabowo Subianto) - is expected to undermine president-elect Joko Widodo’s reform programs as well as the democratic foundations of the country.

    Read more ›

  • Stock Market Update Indonesia: Down on Politics and Global Data

    Indonesian stocks plunged considerably on Thursday (02/10). The country’s benchmark stock index (Jakarta Composite Index, abbreviated IHSG) declined 2.73 percent to 5,000.81 points, the largest drop in almost six months. This poor performance was caused by both external and internal factors. Externally, various weak economic data from the USA and Europe as well as an appreciating yen impacted negatively on Asian stock indices. Internally, market participants responded negatively toward the inauguration of the new parliament.

    Read more ›

  • Battle Jokowi-Prabowo; Democratic Future of Indonesia in Jeopardy?

    More and more concerns have arisen recently regarding the democratic future of Indonesia. In fact, some media have reported that an impeachment of president-elect Joko Widodo, who will assume office on 20 October 2014, could become a reality as opposition in parliament - led by controversial and vindictive former army general Prabowo Subianto - is large. The Merah-Putih coalition, referring to the coalition of political parties that supported Subianto in the presidential election (which he narrowly lost to Widodo) will control 353 of the 560 seats in parliament.

    Read more ›

  • Prabowo Subianto Coalition Accepts Indonesia’s Constitutional Court Verdict

    It took almost six hours for the Constitutional Court of Indonesia (Mahkamah Konstitusi) on Thursday (21/08) to read out 300 pages of a lengthy 4,392-page verdict in the case filed by defeated presidential candidate Prabowo Subianto, who claimed that the result of Indonesia’s July 2014 presidential election was invalid due to widespread violations and fraud that allegedly occurred during the voting and counting processes. During the read out it became increasingly clear that the court would reject Subianto’s claims due to a lack of evidence.

    Read more ›

  • Constitutional Court Ruling: Prabowo Subianto Not Expected to Accept Defeat

    At 14:00 pm local Jakarta time zone, Indonesia’s Constitutional Court (Mahkamah Konstitusi) is expected to announce its decision on Prabowo Subianto’s election result challenge. The defeated presidential candidate filed a court case claiming that massive fraud and violations took place amid the voting and counting processes in the context of Indonesia’s July 2014 presidential election, won by Joko Widodo (securing 53.15 percent of the votes). Although the court’s decision is final and legally binding, Subianto not expected to surrender yet.

    Read more ›

No business profiles with this tag