The Indonesian government emphasizes that the higher-than-estimated crude oil price will not destabilize the 2018 state budget. While the government set its Indonesian Crude Price (ICP) at USD $48 per barrel in the 2018 state budget, West Texas Intermediate (WTI) and Brent have already surpassed the USD $60 per barrel level, significantly higher than the assumption of the Indonesian government and therefore triggering some concern over rising energy subsidies.

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Indonesia's state-owned utility company Perusahaan Listrik Negara (PLN) plans to issue rupiah-denominated global bonds (known as 'komodo bonds', 'nasi goreng' bonds or 'rendang' bonds) in the second quarter of 2018. PLN targets to raise up to USD $2 billion through the bond issuance. Proceeds will be used for financing its part in Indonesia's 35,000 MW power development program as well as for debt payments.

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Last year Indonesians went on holiday, abroad, more than ever before. According to the latest data, a total of 9.1 million Indonesians visited some time abroad for their holiday in 2017, up from 8.4 million Indonesian tourists in 2016, or 8.1 million tourists in the preceding two years. What explains this rising trend?

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National flag carrier Garuda Indonesia targets to see the arrival of 50 new airplanes up to 2024 in an effort to revitalize the airline's fleet and improve its on-time performance. Pahala Mansury, President Director of Garuda Indonesia, explained that the airline has already been making these orders since 2014. One Boeing 737 Max 8 aircraft arrived on 26 December 2017. Between 2020 and 2024 more planes will follow, between 5-10 per year.

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