Below is a list with tagged columns and company profiles.

Today's Headlines Joko Widodo

  • Joko Widodo Meets Prabowo Subianto, Indonesia’s Political Tensions to Ease?

    Political uncertainties in Indonesia brought on by the rivalry between president-elect Joko Widodo (popularly known as Jokowi) and defeated candidate Prabowo Subianto may have eased somewhat as both men met on Friday morning (17/10) in Jakarta. After the meeting Subianto stated that he fully supports the Jokowi-led government, while Jokowi stated that he is open to receive criticism from opposition in the House of Representatives (DPR). Jokowi will be inaugurated on 20 October 2014 as Indonesia’s seventh president.

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  • Bank Indonesia’s Governor Supports Higher Subsidized Fuel Prices

    Agus Martowardojo, Governor of Bank Indonesia, is highly supportive of president-elect Joko Widodo’s plan to increase prices of subsidized fuels before the end of the year as this move would help to diminish the country’s structural current account deficit as well as improve the trade balance. Widodo, who will assume office on 20 October 2014, is expected to raise prices of subsidized fuels by between IDR 1,000 and 3,000 per liter, and relocate state funds to social and economic development.

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  • Indonesian Government Needs Private Sector for Faster Internet Connectivity

    Lukita Dinarsyah, Deputy Minister at Indonesia’s Development Planning Agency (Bappenas), said that Indonesia requires at least IDR 278 trillion (USD $23.2 billion) worth of investments to build supporting infrastructure for faster Internet connectivity across the country. Enhanced Internet connectivity is one of the tools to support faster economic growth. Dinarsyah cited a study that claims that with every ten percent growth in Internet users the economy expands by an additional 1.2 to 1.4 percent.

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  • Government of Indonesia Eyes $657 Million in Tuesday’s Bond Auction

    The government of Indonesia eyes to raise up to IDR 8 trillion (USD $667 million) in a bond auction set for Tuesday (14/10). The proceeds of this bond issuance will be used to finance the country’s state budget deficit in 2014. The Finance Ministry said that the Indonesian government will offer six series of bonds, with maturities ranging between 2015 and 2044. For analysts this issuance is an important test to measure investors’ confidence (particularly foreign investors) in Indonesia’s debt markets.

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  • Indonesian Stocks & Rupiah Down on Global Economy and MPR Voting

    Both the Indonesian rupiah exchange rate and Indonesian stocks weakened sharply on Wednesday (08/10) due to internal and external factors. Externally, weakening stock indices on Wall Street on Tuesday (07/10) have a severe negative impact on the performance of Asian stocks today. Wall Street was down on the IMF’s downward revised outlook for global GDP growth in 2014 and 2015, as well as on Germany’s industrial production, which fell the most in five years in August 2014.

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  • Indonesia Political Update: Prabowo Controls Majority in MPR

    After a long plenary session of the People’s Consultative Assembly (or MPR), Zulkifli Hasan has been elected as the Speaker of the MPR for the period 2014-2019. Zulkifli Hasan, a former Indonesian Forestry Minister, is backed by the Merah-Putih coalition and thus his election constitutes another blow for president-elect Joko Widodo (popularly known as Jokowi). The Merah-Putih coalition is a coalition of six political parties that support vindictive defeated presidential candidate Prabowo Subianto.

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  • Indonesia Investments' Newsletter of 5 October 2014 Released

    On 5 October 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic topics such September inflation, August trade balance, the IPO of Blue Bird, a rupiah and stock update, a new plantations bill, political developments, and more.

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  • Consumer Confidence in Indonesia Falls Slightly in September

    A survey of Indonesia’s central bank (Bank Indonesia) shows that Indonesian consumer confidence declined slightly to 119.8 points in September 2014 (from 120.2 points in the previous month) on concerns that price increases will limit people’s purchasing power. These concerns are triggered by president-elect Joko Widodo’s plans to raise prices of subsidized fuels before the year-end in an effort to safeguard the country’s financial fundamentals. Widodo (popularly known as Jokowi) will be inaugurated on 20 October 2014.

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  • Indonesia’s New Parliament Inaugurated; Clash on Speaker Voting

    A total of 555 people have been officially inaugurated as members of Indonesia’s House of Representatives (DPR) for the period 2014-2019 on Wednesday (01/10). The ceremony was witnessed by incumbent President Susilo Bambang Yudhoyono as well as President-elect Joko Widodo (Jokowi) and his running mate Jusuf Kalla. The Jokowi-Kalla pair will be inaugurated as the country’s next president and vice-president on 20 October 2014. The PDI-P, winner of the legislative election, is the largest party in the House.

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  • Plantations Bill Indonesia: No Further Limit to Foreign Ownership

    Indonesia’s House of Representatives (DPR) has passed a new plantations bill that aims to maximize land usage and opens up Indonesia’s plantation sector to smallholders. However, the retroactive clause that would limit foreign ownership to a maximum of 30 percent (from 95 percent currently) was dropped from the final version. This clause was highly controversial and would have been a major obstacle for foreign companies engaged in Indonesia’s plantation sector (such as Golden Agri-Resources and Wilmar International).

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Latest Columns Joko Widodo

  • Widodo Wants Moratorium on New Palm Oil Concessions in Indonesia

    Indonesian President Joko Widodo has ordered the nation's Minister of Environment and Forestry Siti Nurbaya to issue a moratorium on new palm oil concessions in a number of provinces. Although Widodo wants Indonesia - the world's top producer and exporter of crude palm oil (CPO) - to raise CPO output, he believes this increase can be achieved by increasing productivity of existing palm oil plantations, not by adding new plantations. Indonesia is often criticized by environmentalist groups for its forestry policies and poor law enforcement (which led to the severe haze that spread through Southeast Asia last year).

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  • Joko Widodo Orders Investigation into Indonesian Links in Panama Papers

    Indonesian President Joko Widodo (Jokowi) called for an investigation into the Indonesian people and companies mentioned in the Panama Papers, the massive leak involving 11.5 million confidential documents from the database of Panama-based law firm Mossack Fonseca. These documents list names numerous people - including of political figures, businessmen, celebrities and sport stars - who have created secret shell companies and offshore accounts in tax havens (possibly in an effort to avoid tax obligations).

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  • Masela Gas Project Indonesia: Widodo Opts for Onshore LNG Plant

    Indonesian President Joko Widodo decided that the Masela liquefied natural gas (LNG) plant will be constructed onshore. Masela, located in the Arafura Sea (Moluccas), is Indonesia's largest deep-water gas project. Previously, Japan-based oil company Inpex Corp and Netherlands-based Royal Dutch Shell proposed to construct the LNG plant offshore (which would have made it the world's largest floating LNG plant). On Wednesday (23/03) President Widodo rejected the proposal after months of polemic. Contractors Inpex and Shell are not expected to withdraw from the project but will need time to adjust plans.

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  • Joko Widodo to Visit the Netherlands to Improve Trade Relations?

    Indonesian President Joko Widodo may visit the Netherlands in 2016. In an interview with Dutch newspaper "De Telegraaf" newly appointed Indonesian ambassador to the Netherlands Gusti Agung Wesaka Puja hinted at Widodo's visit to the Netherlands. Ambassador Puja informed further that more information about this possible state visit is to follow in the next couple of weeks. "You will be surprised," he was quoted saying. Reportedly, Bert Koenders, Dutch Minister of Foreign Affairs, will visit Indonesia in the next two weeks to prepare Widodo's visit.

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  • World Bank: SPAN Improves Indonesia's Efficiency, Transparency & Accountability

    A new financial management system was launched in April 2015 by the Indonesian government. This new system, called Sistem Perbendaharaan dan Anggaran Negara (abbreviated SPAN), aims to enhance public efficiency, transparency and accountability in Indonesia by managing the financial transactions of more than 24,000 government spending units in all 33 provinces. According to a new World Bank story, Indonesia's new financial system has managed to improve efficiency, transparency and accountability. Moreover, it improves budget planning and spending.

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  • Jokowi Visits Silicon Valley; Inspiration for Indonesia's Digital Economy

    During Indonesian President Joko Widodo's visit to Googleplex, Silicon Valley (California) - headquarters of Google, Facebook, Twitter and Plug and Play - he emphasized that the government of Indonesia is committed to push for the development of the digital economy, aiming to make it the largest in Southeast Asia, worth USD $130 billion by 2020 (including the emergence of 1,000 Indonesian technopreneurs). In this context, Widodo also requested the assistance of Google, Facebook and Plug and Play in the form of IT development education.

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  • Infrastructure Development Indonesia: Gaining Momentum in 2016

    After having grown rapidly in the years 2010-2013, infrastructure development in Indonesia lost its momentum in 2014. This was due to limited available government funds, uncertainty caused by the legislative and presidential elections, and the nation's slowing economic growth. After Joko Widodo became Indonesia's seventh president in October 2014, it was expected that infrastructure development would revive. However, it didn't. But Widodo made one important move by seriously reducing energy subsidies, hence making more funds available for infrastructure development.

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  • Economic Policy Package Indonesia: What are the Stimulus Measures?

    In response to the ailing global economy, Indonesian President Joko Widodo has unveiled a new economic policy package that aims to boost economic growth of Indonesia amid a highly uncertain global context. On Wednesday (09/09), Joko Widodo (often called Jokowi) provided some details about the first phase of this new stimulus package during a speech at the State Palace in Jakarta.

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  • Geothermal Development Indonesia: Reducing Reliance on Fossil Fuels

    Indonesian President Joko Widodo (often called Jokowi) emphasized that the government of Indonesia needs to boost development of renewable energy. Although Indonesia contains huge potential for renewable energy (particularly geothermal energy), the share of renewable energy in Indonesia’s total energy use currently stands at around 5 percent only, the remainder being fossil energy. By providing incentives, attractive tariffs and an easier licensing and registration process, the government can generate more investment in this sector.

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  • Remarkable News Indonesia: to Insult or Criticize the President?

    In the past couple of days Indonesian media touched upon the government’s proposal to revive a law that had been removed by Indonesia’s Constitutional Court in 2006. This law makes the act of insulting the Indonesian president an illegal act and can lead to prison sentences and fines. Criticism on the government’s proposal immediately emerged as several legislators and human rights activists fear that freedom of speech will be curtailed in the young democracy. Moreover, it can further erode public support for President Joko Widodo.

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