The Indonesian government announced that the holy fasting month of Ramadan (1435 Hijrah) will start on 29 June 2014. This decision was made after the Ministry for Religious Affairs held an isbat (confirmation) meeting on Friday evening joined by various Muslim organizations. However, Indonesia’s second-largest Muslim organization, the Muhammadiyah, previously determined 28 June as the starting point of the Ramadan. This difference is due to a different method of determining the location of the moon.

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Investment realization in Indonesia in the first quarter of 2015 totaled IDR 124.6 trillion (USD $9.7 billion), up 16.9 percent from the same quarter last year. Domestic direct investment climbed 22.8 percent (y/y) to IDR 42.5 trillion, while foreign direct investment (FDI) rose 14 percent (y/y) to IDR 82.1 trillion in Q1-2015. These data, released by the Indonesia Investment Coordinating Board (BKPM) on Tuesday (28/04), brought some positivity in Indonesia after listed companies’ weak Q1-2015 financial results led to concern and capital outflow.

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