• Go-Jek Not Ready Yet for IPO on the Indonesia Stock Exchange

    Startup unicorn Go-Jek, the most popular ride-hailing app in Indonesia, is not ready for an initial public offering (IPO) on the Indonesia Stock Exchange yet although its management repeatedly emphasized that it is likely to become a publicly-listed company in Indonesia somewhere in the future as it wants the Indonesian public to be able to own shares in the company.

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  • Benchmark Coal Price of Indonesia Near Six-Year High in March 2018

    Indonesia's benchmark thermal coal price (Harga Batubara Acuan, or HBA) touched a multi-year high in March 2018. The HBA, which is determined by Indonesia's Energy and Mineral Resources Ministry on a monthly basis (and which is based on several global and domestic indexes), rose 1.2 percent month-on-month (m/m) to USD $101.86 per metric ton in March 2018, its highest position since May 2012.

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  • Foreign Visitor Arrivals in Indonesia Still Curtailed in January 2018

    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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  • What Were Indonesia's Most Popular E-Commerce Platforms in 2017?

    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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