• Trade Balance Indonesia: Unexpected Deficit in July 2017

    Contrary to expectations Indonesia posted a trade deficit in July 2017. The nation's Statistics Agency (BPS) announced on Tuesday (15/08) that Southeast Asia's largest economy experienced a USD $271.2 million trade deficit last month, the country's first deficit in 19 months.

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  • Automotive Industry: Indonesia Plans to Cut Tax for Sedan Sales

    For several years stakeholders in Indonesia's automotive industry urged the government to cut taxes on sedan sales. Finally, the government seems willing to alter its policies. The sedan is categorized as a luxury good, implying it is subject to an additional 30-40 percent luxury goods tax. This makes the sedan vehicle more expensive compared to other car types and therefore there exists less demand for the Indonesian-made sedan, both on the domestic market and international market.

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  • Bank Indonesia: Current Account Deficit at 1.8% of GDP in 2017

    Bank Indonesia (the central bank of Indonesia) is convinced that the nation's current account deficit (CAD) will not exceed 2 percent of gross domestic product (GDP) in 2017. In the second quarter of 2017 the CAD widened to 1.96 percent of GDP (or USD $5 billion), from 0.98 percent of GDP in the preceding quarter (or USD $2.4 billion).

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  • Indonesia Investments' Newsletter of 14 August 2017 Released

    On 14 August 2017, 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 matters such as the official Q2-2017 GDP figure, the new economic policy package (focused on investment), the one million houses program, special economic zones, brands, IPOs, and much more.

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