• Volcanic Eruptions in Indonesia: Mount Merapi Erupts Suddenly

    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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  • Bank Indonesia Expected to Raise Benchmark Interest Rate in May 2018

    There is a big possibility that the central bank of Indonesia (Bank Indonesia) will raise its benchmark interest rate (the 7-day Reverse Repo Rate) at the monthly policy meeting in May (scheduled for 16-17 May 2018). Bank Indonesia Governor Agus Martowardojo confirmed that Bank Indonesia is currently preparing "strict and consistent monetary policy measures, including the adjustment of the benchmark rate, as the central bank gives priority to market confidence and macroeconomic stability".

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  • Bank BRISyariah Makes Trading Debut on the Indonesia Stock Exchange

    Bank BRIsyariah made its trading debut on the Indonesia Stock Exchange (IDX) today, hence becoming the 11th company to have completed its initial public offering (IPO) in Indonesia so far in 2018. It is the first Islamic finance unit of a state-controlled entity (Bank Rakyat Indonesia) to have listed on the IDX. Charles Bowman, Lord Mayor of the City of London, was present at the listing ceremony at the IDX building on Wednesday morning (09/05).

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  • Clash between Police Officers and Inmates at Mobile Brigade Headquarters

    A clash between officers and inmates broke out at the National Police's Mobile Brigade headquarters' detention center in Depok (West Java), not far from Indonesia's capital city of Jakarta, on Tuesday evening (08/05). Reportedly, five officers and one inmate have been killed. One officer is still being held hostage. Several other officers are being treated in a local hospital. Although still unconfirmed it is believed that these rebellious inmates are convicted Islamist militants.

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