Last week Indonesia's Statistics Agency (BPS) announced that a total of 1,039,639 foreigners entered Indonesia in January 2018, down 6.19 percent year-on-year (y/y) from foreign visitor arrivals in the same month one year earlier. Indonesian Tourism Minister Arief Yahya said the main reason for this weak performance is the aftermath of the Mount Agung eruption, a volcano that is located on Bali (the most popular tourist destination in Indonesia).

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Last year Lazada and Tokopedia were the two most successful e-commerce platforms in Indonesia in terms of visitor numbers. These two giants are followed by Bukalapak and Blibli. Meanwhile, Elevenia (owned by the Salim Group) fell outside Indonesia's top 5 e-commerce platforms. While it ranked third at the start of 2017, Elevenia ended 2017 at 7th position.

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On 5 March 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 last seven days. Most of the topics involve economy and market-related topics such as inflation, manufacturing activity, electric car industry, airport infrastructure, the rupiah performance, and more.

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The Indonesian rupiah has been under heavy pressure over the past month amid US dollar strength ahead of the March Federal Reserve policy meeting where market participants expect to see another interest rate hike. The rupiah weakened 2.92 percent from IDR 13,402 per US dollar on 1 February 2018 to IDR 13,793 on 1 March 2018. Not only the rupiah but basically currencies have been sliding against the US dollar that touched a six-week high earlier in the week.

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