Indonesia-based telecommunication support services company Gihon Telekomunikasi Indonesia made its trading debut on the Indonesia Stock Exchange on Monday (09/04), becoming the sixth company to be added on the local bourse so far in 2018. The company offered 152.3 million new shares to the public through the corporate move. After its first trading day, Gihon Telekomunikasi Indonesia's shares had surged 50.0 percent to IDR 1,755 a piece.

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The Indonesian government has already blocked 100.9 million prepaid SIM cards in the 1-31 March 2018 period as mobile phone users failed to re-register their prepaid phone numbers with a valid national identification card (KTP) and family card (KK). Meanwhile, 305 million SIM cards were re-registered during the period (considering many Indonesians use more than one SIM card the figure is higher than the total number of Indonesians).

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On 8 April 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 inflation, manufacturing activity, the Balikpapan oil spill, the CEO confidence index, IPOs, and more.

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The foreign exchange reserves of Indonesia fell to USD $126.0 billion at the end of March 2018, down from a level of USD $128.06 billion one month earlier. The decrease in reserve assets was particularly attributed to the use of foreign exchange for public foreign debt repayments and rupiah stabilization efforts amid pressures stemming from rising global uncertainty in the financial markets. Uncertainties originate from the latest Fed Funds Rate hike as well as the looming trade war between the USA and China (but would be felt across the globe).

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