On 6 August 2018 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 over the past seven days. Most of the topics involve economy and market-related topics such as Indonesia's Q2-2018 GDP growth data, inflation, manufacturing activity but also the devastating earthquake in Lombok and the release of our July research report.

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The 6.4-magnitude earthquake that struck Lombok - one of the more popular holiday islands in Indonesia - on Sunday 29 July 2018 and killed 17 people was apparently only a harbinger of things to come. Exactly one week later, on Sunday 5 August 2018, a more powerful 6.9-magnitude earthquake struck the same island. This time it killed at least 91 people and damaged thousands of buildings. The number of casualties is likely to rise further in the hours or days ahead.

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Indonesia's inflation rate was recorded at 0.28 percent month-on-month (m/m) in July 2018, slightly below estimates. Still, the country's annual inflation rate accelerated to 3.18 percent (y/y) in July, from 3.12 percent in the preceding month.

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Two banks, both state-controlled but listed on the Indonesia Stock Exchange, stand out in terms of assets. Both Bank Rakyat Indonesia and Bank Mandiri control assets that exceed IDR 1,000 trillion (approx. USD $69 billion) per 30 June 2018.

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