Foreign investors continue to be concerned about rapidly rising minimum wages in Indonesia. In Indonesian media it was reported that a total of sixteen investors, mostly from South Korea and Japan, cancelled their plans to establish footwear factories in Indonesia due to uncertainty over Indonesian minimum wage growth. In the last couple of years, minimum wages in Indonesia have grown sharply, possibly as a result of politicians looking for popular support ahead of regional elections.
11 November 2019 (closed)
USD/IDR (14,082) +23.00 +0.16%
EUR/IDR (15,505) +2.83 +0.02%
Jakarta Composite Index (6,148.74) -29.25 -0.47%