The Indonesian rupiah and benchmark Jakarta Composite Index are again under pressure on Tuesday (15/05) as the 10-year US treasury yield is again touching 3 percent, while tensions in the Middle East increase and uncertainty about US-China trade relations persist ahead of a meeting between US and Chinese officials in Washington later this week where trade talks resume. Meanwhile, crude oil prices recovered to around USD $71 per barrel, approaching a 3.5 years high, on the back of reduced supply as OPEC reported that the global oil glut has been virtually eliminated.

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Indonesia's motorcycle exports in the first four months of 2018 reached 174,123 units, up 41.1 percent year-on-year from exports in the January-April period one year earlier. These data were released by the Indonesian Motorcycle Industry Association (AISI). The marked increase in exports is attributed to the competitive price of Indonesian motorcycles in combination with good quality.

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On 14 May 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 Q1-2018 GDP growth, expectations of monetary policy, falling foreign exchange reserves, the issue of foreign worker, terrorism, and more.

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One of Indonesia's most famous volcanoes - the Merapi volcano that is located on the border between Central Java and Yogyakarta - erupted on Friday morning (11/05), spewing ash as high as 5,500 meters into the sky. The sudden eruption of Mount Merapi led to the temporary shutdown of Yogyakarta's Adisutjipto International Airport. Meanwhile, local residents who live within a five kilometer radius of the volcano are forced to evacuate.

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