• Natural Disasters in Indonesia: Strong Earthquake Rocks Jakarta

    The capital city of Jakarta was rocked by a strong earthquake on Tuesday (23/01) around 13:45 pm local time with its epicenter in the Indian Ocean, about 125 kilometers to the southwest of Jakarta. The quake did not go unnoticed in Jakarta. Many office towers, residential towers and hospitals were evacuated due to concerns about aftershocks, while people fled into the streets in panic.

    Lanjut baca ›

  • Corporate Earnings Indonesia: Net Profit Pertamina Fell in 2017

    Net profit of Indonesia's fully state-owned oil & gas company Pertamina is estimated to have declined to around IDR 27 trillion (approx. USD $2.0 billion) in full-year 2017, down about 35 percent (y/y) from USD $3.1 billion in the preceding year. The decline is attributed to rising crude oil prices and the government's refusal to adjust subsidized fuel prices.

    Lanjut baca ›

  • What are the National Public Holidays in Indonesia in 2018?

    Indonesia is the world's largest archipelago. Due to the country's huge size it contains a high degree of diversity in terms of religion and traditional belief systems. Although Indonesia has a Muslim-majority population, it is a secular democracy with a constitution that guarantees all Indonesian citizens the freedom of worship, each according to his or her own religion or belief (this system does not function perfectly in reality, however). Still, it means that Indonesia contains many (mostly religion-inspired) public holidays on which the nation's financial markets are closed.

    Lanjut baca ›