On 30 July 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 rupiah redenomination plans, direct investment realization in Q2-2017, the e-commerce industry, environment, and much more.

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B. Braun Indonesia, the local unit of the German medical and pharmaceutical device company, held the opening ceremony for its factory on Thursday (27/07). This new factory, expected to be fully operational in 2018, is the company's first infusion solutions factory in Indonesia. The move implies that B. Braun Indonesia expanded its business activities from merely being a distributor to becoming both distributor and manufacturer of infusion and injectable medicines in Indonesia.

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The coal price strengthened at the end of trading on Thursday (27/07) - or Friday morning Indonesian time - supported by the rebound in crude oil prices. At the end of trade on Thursday, coal prices (January 2018 contracts, the most-active contract on the Rotterdam Commodities Exchange) had risen 0.21 percent to USD $73.30 per metric ton.

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Astra International, one of the largest publicly-listed companies in Indonesia, saw its net profit rise 31 percent year-on-year (y/y) to IDR 9.36 trillion (approx. USD $704 million) in the first half of 2017. These earnings were supported by improving earnings from most of the diversified conglomerate's business segments. But as the company generates nearly half of its earnings from the automotive sector, the 9.4 percent (y/y) increase in the company's car sales was particularly key to boost growth.

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